3153 Eastwick Dr Cleveland, OH 44118
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About this home
A true mid-century modern opportunity—big, bright, and brimming with upside. Crafted with premium-grade materials—slate roof, redwood siding, brick exterior—and warm interior finishes including hardwood floors and trim, this home sits on a larger-than-typical lot and pairs classic 1950s architecture with everyday contemporary convenience: two renovated bedrooms on the first floor (one a true primary), a generous foyer with a handy half bath, and a library/den/home office with built-ins. The large living room is anchored by a signature mid-century roman-brick fireplace with a wood-trim mantel and a broad bank of front windows; the elegant dining room opens to the enclosed back porch through a glazed wall with a full-glass door for effortless indoor–outdoor living; and the welcoming front porch offers plenty of room for casual seating. Upstairs continues the refreshed feel with a renovated bedroom at the west end and a renovated full bath. With three bedrooms up and two down, the layout delivers privacy and flexibility for guests, multigenerational living, or a quiet work-from-home wing. Downstairs, a finished, solid-wood-paneled recreation room adds a classic bar, a second fireplace, and space for a full pool table or home theater. Approx. 2,850 sq ft above grade, plus ~1,350 sq ft below grade with ~560 sq ft finished (˜3,410 combined finished/usable space). Yes, the eat-in kitchen and first-floor bath need renovation—exactly where you’ll add the most value. Start at $299,000, bring your designer and contractor, and imagine the spectacular future: keep the mid-century modern lines, rework the kitchen hub, and elevate this home into a showpiece on a rare larger parcel with premium construction already in place. Opportunities like this don’t sit—see it now and claim the upside.
Source: MLSNOW #5162033
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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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