1610 E Ohio St Indianapolis, IN 46201
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About this home
FULLY RENOVATED in 2022! This stunning 2 bedroom, 2 bath home in the heart of Holy Cross offers the perfect blend of historic charm and modern luxury. Originally built in 1900, it was completely rebuilt from the studs out, giving you the peace of mind of a brand-new home while enjoying the character of this revitalized neighborhood just minutes from downtown Indy. With 1,850 sq. ft. of living space, this two-story residence features soaring ceilings, an open floor plan, and designer finishes throughout. The inviting living room showcases an electric fireplace as its focal point and flows seamlessly into a chef's kitchen complete with stainless steel appliances, granite countertops, modern cabinetry, and LED lighting. The huge loft, complete with a wet bar, overlooks the living area and offers the perfect space for entertaining, a home office, or a second lounge. Both bedrooms are designed as private suites, each with its own beautifully updated bath. The primary suite is a true retreat with a spa-like bathroom boasting a walk-in tiled shower, separate soaking tub, dual vanities, and high-end finishes. The second bathroom is equally stylish and fully renovated with modern tile and fixtures. Additional features include newer HVAC, updated electrical, marble and waterproof vinyl plank flooring, and even a mounted TV that stays. Step outside to find a fully fenced backyard that provides privacy, space for pets, and the perfect spot for hosting summer gatherings. The curb appeal shines with a welcoming front porch that invites you to sit and enjoy the neighborhood vibe. Living here means being able to walk or bike to Mass Ave, Bottleworks District, Highland Park, restaurants, breweries, coffee shops, and local hotspots. Whether you're looking to relax at home, entertain in style, or embrace the vibrant city lifestyle, this property checks every box. Completely move-in ready, turn-key, and brimming with character, this is the downtown dream you've been waiting for!
Source: MIBOR #22058853
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.