4 Chartwell Ct Owings Mills, MD 21117
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About this home
Power is off. Photos shown are from prior to Owner moving out. Price to Sell! Under contract less than a year ago for $850,000 — now priced $130,000 less to move it quickly. (.) Potentially Assumable 2.6% FHA Financing in Place. This stunning Colonial sits at the end of a secluded cul-de-sac on a prime 1.3-acre lot surrounded by mature woodlands in the sought-after Caves Park neighborhood along the Greenspring Valley corridor. With spacious living areas, an easy flow between rooms, and thoughtful upgrades throughout, this home offers a perfect blend of comfort, style, and natural beauty. Over $200,000 in improvements were completed between 2021 and 2024. The exterior was professionally painted, a new roof was installed on the sunroom, and new hardwood flooring was added to the upper level. The main level features a real stone slab wall in the bonus room, new luxury vinyl plank flooring in the kitchen, half bath, and bonus room, plus tile installed on staircase risers. All lighting and fixtures were replaced, interior hallways freshly painted, and the basement ceiling replaced. The upper hall bath features new glass shower doors, vanity, and toilet. A new Bosch dishwasher, new water heater, new water filtration system, and new pump for washer/dryer were installed. The old oil tank was removed from the basement and a new oil tank and line were installed in the backyard. The home’s thoughtful layout includes distinct yet connected living spaces. The kitchen opens to multiple gathering areas, including a sunroom with French doors leading to the backyard patio and in-ground saltwater pool—ideal for entertaining or quiet evenings surrounded by lush greenery. Upstairs, the primary suite features a walk-in closet and en-suite bath, complemented by three additional bedrooms and two more baths. The large finished lower level offers versatile space for recreation, media, or fitness. With its prime location, extensive updates, and inviting indoor-outdoor flow, this home stands out as a rare opportunity. Property is priced to Sell As-Is. A credit will be considered for sliding glass doors and living room floors repair or replacement. Don’t Wait. Schedule your Tour Today!
Source: BRIGHT #MDBC2141730
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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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