1731 N Bosart Ave Indianapolis, IN 46218
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About this home
Welcome to this beautifully maintained 2-bedroom, 1-bath home that blends original charm with modern updates. From the moment you arrive, you'll notice the curb appeal of its large covered front porch, the perfect place to enjoy a cup of coffee in the morning or relax in the evening while soaking up the gorgeous Indiana fall weather. Inside, you'll be greeted by the warmth of real wood floors that extend through the main living areas, offering timeless style and character. The remodeled kitchen is a true centerpiece, thoughtfully updated with brand-new cabinets, sleek stainless steel appliances, and ample counter space to make meal preparation and entertaining a breeze. Situated on a huge corner lot, this home offers a fully fenced yard that provides both privacy and versatility. Outdoor living is easy and enjoyable, with plenty of room for pets, gardening, or play. Host gatherings on the spacious brick patio, perfect for barbecues, parties, or quiet evenings under the stars. The oversized detached 2+ car garage is a standout feature, offering not only secure parking but also space for a workshop, storage, or hobbies. It even comes equipped with an electric car charging station, adding convenience and value for today's modern lifestyle. The basement adds even more potential, with a partially finished design that includes a bar area and custom-built storage shelves neatly tucked under the stairs. Whether you're looking for a spot to entertain guests, a game room, or additional living space, this lower level is ready to meet your needs. Location is the final highlight. Just 5 minutes away, Brookside Park offers 108 acres of recreation, including a public pool, baseball and soccer fields, disc golf, and miles of scenic nature trails. White River State Park is also only 5 minutes away, giving you quick access to outdoor adventures, cultural attractions, and some of the best entertainment Indianapolis has to offer. This home truly has it all!
Source: MIBOR #22059352
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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.