3646 Fels Ln Ellicott City, MD 21043
Your savings
About this home
ATTENTION HISTORIC HOUSE HUNTERS LOOKING FOR MOVE-IN READY! Perched on a ridge in Old Ellicott City, the historic “Robinson House,” featuring vernacular architecture, is an “important dated example of the taste of…artisans right after the Civil War,” according to the Maryland Historical Trust. Although tax records state that house as being built in 1900, the Maryland Historical Trust has traced the construction of this Folk Victorian to 1870 – noting that it is probably one of the first homes in Ellicott City to be built with central heating. The ornate radiators in home are considered to be original, as are the stringer stairs with split second story landing, the turned Greek Revival newel post, POCKET DOORS (who doesn’t love pocket doors) and possibly the jig-sawn gingerbread bargeboards with the drop pendants on the eaves. The house is 2 ½ stories above street grade, 3 bays wide; the rear of the house features a walk-out at grade basement. Front porch has a standing seam metal roof, front door with transom and sidelights. Numerous stone retaining walls are part of the architecture of the home, as well as a featured part of the outdoor living space. Completely renovated in 2015 with upscale materials and classic design: a chief’s kitchen with custom cabinets, some glass fronted, soft close drawers, granite counters, cup rail, plenty of pantry space, stainless steel appliances, gas range, and farm house sink, stylish bathrooms with classic tiling and 42" high vanities. Alarm system and sprinkler system. Home features 9' ceilings, 4-5 bedrooms, 2 full baths (one on main level, one on the second level), two front parlors (one of which qualifies as a main level bedroom), formal dining room and bright sunroom overlooking park-like setting with plenty of natural deer, fox and other wildlife. Original radiators still function, as they were NOT designed for "planned obsolescence" as are modern systems! Home does also feature central air conditioning. Easy stroll to all of old town Ellicott City’s fabulous restaurants and cafes, shops and boutiques, art galleries and pocket parks – plus free rides on the Old Ellicott City Trolley! Founded as a mill town in the late 1700s, Ellicott City became the first terminus of the B&O Railroad in 1830, so don’t forget to visit the B & O Railroad Museum: "Ellicott City Station" – the oldest surviving railroad station in America! Convenient to all major commuter routes (I-70, I-695, I-95, Routes 29 & 32), downtown Baltimore, BWI and straight shot to Columbia, Annapolis or Washington DC. Priced significantly below appraised value! Be sure to check out appraisal in the disclosures.
Source: BRIGHT #MDHW2060220
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.