27243 S 88th Ave Monee, IL 60449
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About this home
Nestled in the serene Green Garden Township within the top-rated Peotone school district, this fully remodeled estate in Peotone Schools offers over 4,000 square feet of luxurious living on a sprawling 2.5-acre lot. Perfect for at-home business owners, large families, tech enthusiasts, or equestrian lovers, this move-in-ready two-story home boasts up to 11 bedrooms (including three in a versatile barn) and 5 bathrooms, blending modern sophistication with rural charm. Step through a grand foyer with soaring 20-foot ceilings into a stunning dinning room, where a floor-to-ceiling flagstone fireplace with a gas starter creates a warm centerpiece. The space flows seamlessly into a spacious gourmet kitchen, featuring granite countertops, premium stainless steel appliances, a large island, pantry, and rich hardwood flooring. The 19x19 master suite is a private retreat with a tray ceiling, in-wall safe, lounge area, and a 19x15 walk-in closet with built-in shelves, complemented by a spa-inspired bathroom with two LED mirrors, a dedicated makeup sitting area with an LED mirror, dual vanities, soaker tub, and oversized shower. Entertainment abounds in the basement's theater room, equipped with Ashley chairs, a couch, a projector with a retractable screen, 5 speakers, and Google Assistant-controlled lighting, alongside a 10x10 kitchen with a fridge and popcorn station. A dedicated gym with included equipment adds to the home's versatility. Beyond the main house, a 60x40 insulated barn with a concrete floor, fire system, mini-splits, secure internet, bathroom, kitchen, and three potential bedrooms or offices offers endless possibilities for a home business or related living. A 40x15 storage barn with a mini-split and secure internet provides additional functionality. The freshly landscaped 2.5-acre lot features a covered patio with an outdoor TV, patio furniture, outdoor kitchen, speakers, and a hot tub enclosure, perfect for entertaining. Cutting-edge upgrades elevate this estate, including a $50,000 network that includes Ubiquiti network, 22 security cameras, plate readers, facial recognition, a monitored fire system ($39/month). Also, new west-facing windows. Located in unincorporated Will County with easy I-57 access to Chicago's south suburbs, shopping, and dining, this family-friendly estate benefits from Peotone schools (207U) and school bus service.
Source: MRED #12478413
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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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