334 Spring Lake Rd Millstadt, IL 62260
Your savings
About this home
Welcome to 334 Spring Lake Rd, where comfort meets charm in the delightful Buffwood Subdivision of Millstadt! As you arrive, the beautiful landscaping and appealing curbside aesthetic invite you in, setting the stage for what’s to come. With over 2 acres to enjoy, this property beautifully combines luxury with the serenity of lakeside living. Step outside, and the tranquility of your surroundings is undeniable. You’ll delight in direct access to the lake, complete with your own dock—an ideal spot for unwinding after a busy day. Just imagine soaking in the hot tub or gathering around the fire pit with loved ones on the spacious back patio, all while soaking in the stunning water views. Let’s take a peek inside! You’ll find a grand two-story foyer that welcomes you into the heart of the home. With over 3,200 square feet of thoughtfully designed living space, this home is perfect for hosting gatherings or enjoying your everyday moments. The inviting gathering areas are perfect for making memories, while rich wood flooring throughout adds warmth and style. The formal dining room flows effortlessly into a spacious eat-in kitchen, boasting gorgeous granite-tiled counters, a generous island, and custom oak cabinetry. Whether it's dinner parties or family breakfasts, the scenic lake views will enhance every meal. Venturing upstairs, you'll enjoy three inviting guest bedrooms, each featuring walk-in closets, alongside a full bath and a large laundry room—perfect for hosting family and friends. The main suite is a true sanctuary, showcasing an electric fireplace and a luxurious bathroom complete with a soothing soaking tub. Picture waking up to calming views of the water—such a peaceful way to start your day! Don’t forget to explore the basement, where a finished bathroom opens the door to endless possibilities. This space could easily transform into a cozy living area, game room, or home theater tailored just for you. And let’s talk about the spacious 30x40 detached garage! Currently unfinished, it holds limitless potential for hobbyists, car lovers, or anyone needing extra room for storage. Millstadt is truly a gem, characterized by a welcoming community spirit that many cherish. Here, you can enjoy leisurely strolls through nearby parks, explore scenic trails, and participate in local events that foster connections with your neighbors. The town's low crime rate and excellent schools create an ideal environment for families, making it a wonderful place to raise children. Plus, with the vibrant city of St. Louis just a short 25 minutes away, you can enjoy both suburban peace and urban convenience. Isn’t it time to discover this remarkable property for yourself? Don’t hesitate to reach out and schedule your private tour—get ready to experience the perfect blend of luxury, comfort, and the warm lifestyle Millstadt has to offer. Your dream home is waiting for you!
Source: MARIS #25066172
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.