3947 Blackstone Ave Gurnee, IL 60031
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About this home
Welcome to 3947 Blackstone Ave - East Side Duplex in Gurnee! This spacious 3-bedroom, 3-bathroom duplex offers comfort, convenience, and a layout perfect for today's lifestyle. Featuring a 2-car garage with a concrete driveway, this home has everything you need in a prime Gurnee location. Step inside to find hardwood floors throughout the main level (with the exception of the bedrooms and laundry room). The first-floor primary suite includes a private full bathroom ensuite and walk-in closet, while a second bedroom and an additional full bathroom are also located on the main level for easy accessibility. The bright living room with a cozy fireplace flows seamlessly into the dining room, which opens to the deck and backyard-ideal for entertaining or enjoying peaceful evenings outdoors. The kitchen provides ample cabinets and countertop space, plus a convenient first-floor laundry room nearby. Upstairs, you'll find a large family room overlooking the main level, offering extra living or entertaining space. The third bedroom includes its own ensuite full bathroom and walk-in closet, creating the perfect guest suite or private retreat. A full unfinished basement adds plenty of storage and future potential. The backyard is a dream-ready for gatherings, play, or relaxation. Located close to schools, shopping, restaurants, highways, and the park, this home is the total package. Schedule a showing today!
Source: MRED #12461197
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.