3048 Palatine Dr Frederick, MD 21701
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About this home
Facing due East and Nestled in the prestigious Mill Island at Worman's Mill, this exquisite end-of-row townhouse embodies the perfect blend of luxury and comfort. This gorgeous home showcases a stunning French Colonial architectural style, accentuated by a harmonious combination of stone and vinyl siding that exudes timeless elegance. Step inside to discover a meticulously designed interior that spans 2,270 square feet, featuring three spacious bedrooms and three and a half opulent bathrooms. The open floor plan invites natural light to dance across the rich hardwood flooring, creating an inviting atmosphere throughout. The gourmet kitchen is a culinary enthusiast's dream, equipped with stainless steel appliances, built-in microwave, and wall oven. The expansive granite island and countertops provide ample space for both meal preparation and casual dining, while the adjoining breakfast area and combination living/dining spaces ensure seamless entertaining. Retreat to the luxurious primary suite, complete with trayed ceilings, a walk-in closet, and a spa-like bathroom featuring a soaking tub and a walk-in shower, offering a private sanctuary for relaxation. The 2 additional bedrooms are generously sized, each thoughtfully designed to provide comfort and privacy. The fully finished basement adds versatility to the home, making it perfect for a fourth bedroom, family room, home office, or entertainment area. A cozy gas fireplace in the living area creates a warm focal point, ideal for intimate gatherings. The private rear yard is extremely low-maintenance, featuring extensive hardscaping, and provides a sophisticated outdoor space for entertaining or quiet reflection. FUN FACT: The permits have already been approved to expand the fence to include the grassy area on the side of this home. Special perks of owning an end unit, which also includes extra parking spaces for guests in the rear driveway! The community is quiet, has amenities that include a commercial square with restaurants and shops, and a clubhouse. The stately clubhouse is situated on a bluff overlooking the Tuscarora Stream Valley Park and is steps away from the Monocacy River and Appalachian Trail. It features three swimming pools, tennis and pickleball courts, a basketball court, a playground, a library, a grand center hall with a barrel-vaulted fresco-painted ceiling, a dance and exercise studio, a billiards room, and locker rooms. This turnkey masterpiece is in one of the best neighborhoods in Frederick, Worman's Mill at Village Center! Minutes to Rt. 15, I-270, and I-70. Easy to enjoy everything downtown Frederick has to offer...shopping, dining, local pubs, breweries, and cultural events. Frederick has it all! Schedule your showing today!
Source: BRIGHT #MDFR2070048
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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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