301 N Beauregard St Apt 1605 Unit 1605 Alexandria, VA 22312
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About this home
Welcome to a sophisticated urban living experience in #1605 at The Fountains in Alexandria. This exceptionally updated and stylish 1,225 sq ft condo boasts a seamless blend of modern luxury and stylish features - Easy, elegant one-level living at its finest. With 2 spacious bedrooms and 2 beautifully renovated bathrooms, this condo is designed for comfort with all of the modern conveniences. The primary ensuite bathroom and a newly renovated open kitchen exemplify elegance, complemented by newer oversized windows fitted with smart electronic silhouette blinds operated by remote control, flooding the space with natural light. The interior features exquisite marble floors and tile baseboards throughout, enhanced by recessed and stylish lighting, creating an ambiance of refined sophistication with gas cooking, wine refrigerator as well as a built-in kegerator. The updated kitchen is perfect for culinary enthusiasts, while the open-concept living area extends effortlessly to a private balcony through the newer sliding glass doors, ideal for enjoying the outdoors and serene views. Additional updates include fresh paint throughout, newer windows and balcony sliding door, plus all newer HVAC convectors for year-round comfort. Added convenience of a deeded garage parking space and an additional storage area. Residents at The Fountains enjoy a wealth of amenities, including a pool, barbecue area, common courtyard, and a fitness room. The building features an outdoor pool, indoor sauna, bike storage, party room, and tennis court for an active lifestyle. With a front desk/concierge service and secure grounds, peace of mind is ensured. With great commuting options and around the corner from the new state-of-the-art medical campus Inova Healthplex at the former Landmark Mall site you'll also discover an array of dining and shopping options all just a stone's throw away. Embrace the vibrant community and luxurious amenities that make #1605 in The Fountains an exceptional place to call home.
Source: BRIGHT #VAAX2047334
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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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