1759 Depot Rd Salem, OH 44460
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About this home
Welcome to a property that truly offers the best of both worlds — a warm, comfortable home with all the space and functionality a car enthusiast could dream of. Nestled on 2.5 acres, this property combines country-style privacy with impressive updates and room for every passion. For the car lover, the setup is unmatched. The home features both upper and lower entrances, each with parking nearby, and a pull-in garage with a rear door that allows easy access to the basement workshop. Perfect for restoring or detailing cars, you can work year-round in comfort — even wash your vehicle indoors without braving the cold. A full bathroom and laundry area are conveniently located right off the work zone for quick cleanup after a long day in the shop. Connected to the garage is a large man cave/family game room — an incredible space for entertaining, hosting gatherings, or just relaxing with family and friends. Whether you’re watching the game, shooting pool, or enjoying movie night, this area is designed for fun and flexibility. Upstairs, you’ll find a spacious, inviting living area. The bright three-season room leads into a kitchen with plenty of cabinet space, a dining area with a cozy wood-burning stove, and a large living room that opens onto the front deck. The home offers three generous bedrooms and a newly remodeled full bathroom for comfort and style. Outside, enjoy the new pool with all-new plumbing beneath the concrete and a fresh liner, plus two massive garage buildings — 30x60 and 36x37 — ideal for vehicles, storage, or a workshop. Every building on the property received a brand-new roof in 2025, giving peace of mind for years to come. This is the perfect blend of family living and functional workspace — a true one-of-a-kind property where comfort meets craftsmanship.
Source: MLSNOW #5166510
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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.
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