4506 Grazing Way Upper Marlboro, MD 20772
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About this home
Have you ever imagined yourself living in a RESORT STYLED COMMUNITY? Well, welcome to Marlboro Ridge! This picturesque community has over 250 acres of natural green space. It is absolutely gorgeous, with rolling hills, an abundance of mature trees, and wide country-like streets, but surprisingly, it is only a few miles from the Beltway. Imagine after leaving the hustle and bustle of work and coming home to enjoy HORSEBACK RIDING IN THE COMMUNITY’S EQUESTRIAN CENTER that includes an arena and stables. So, whether you’re a novice to horseback riding or have always wanted to learn, you can get riding lessons. Or if you’re a horse owner, THERE ARE 22 STABLES that can be used for boarding. But wait, the good life doesn't stop there! If you want to work your way up to that lifestyle, make your way to the COUNTRY CLUB, where you may work out in the FITNESS CENTER, or you can host a luxurious affair in the beautifully DETAILED BANQUET ROOM. If swimming is your thing, during the summer season, you and your family can enjoy the beautiful Olympic-sized swimming pool. Other recreational amenities include tennis courts, a soccer field, a PAVILION for community or your private events, and over 10 miles of riding and walking trails, with many tot-lots throughout. Did I mention the community events? This community is known for its awesome community events! Some of the most memorable include Mardi Gras Karaoke Happy Hour, Cinco De Mayo, Spring Eggstravanza, Pool Party & Cookout, and those fabulous jazz Parties in the Park! So, now that you've envisioned all that Marlboro Ridge has to offer, imagine coming home to 4506 Grazing Way. This beautiful townhouse has been RECENTLY PAINTED and has 3,618 Total Sq Ft with 3 bedrooms, 2 full and 2 - ½ baths. This home was built by the renowned TOLL BROTHERS, so the floor plan is open with exquisite attention to detail and spacious, with several bump-outs. The living and dining rooms flow effortlessly into the upper-level family room. There is an ABUNDANCE OF NATURAL LIGHT that pours in through an array of windows and bounces off the gleaming hardwood floors. There you will find a fireplace, entrance to the deck, recessed/motion-sensored lighting, and it is adjacent to the gourmet kitchen. With an abundance of beautiful SOFT-CLOSE WOOD CABINETRY, a breakfast nook, and a spacious 4-5 chair barstool-height island, this is the heart of the home. The DOUBLE OVENS and stainless-steel appliances make this a cook’s dream come true. For your convenience, THE HOME HAS MOTION SENSORED LIGHTING THROUGHOUT – in the kitchen, the first-floor family room, both powder rooms, the upper-level hall bath, the primary bedroom, and the primary walk-in closet. The upper level offers the primary bedroom with a SITTING ROOM area, and an en suite bathroom with a soaking tub and a private water closet. The lower-level recreation room has a powder room, a bump-out, a sump pump, and built-in SURROUND SOUND. The walkout basement has a sliding glass door that leads to the backyard and the privacy fence. Last, but not least, COUNTRY CLUB LIVING MEANS SOMEONE ELSE CARES FOR YOUR LAWN. The garage has built-in oak shelves and 5 closet/storage spaces. This lovely community is also centrally located, which gives quick access to shopping, dining, and entertainment. Whether you’re going to the Capital Beltway (495), Route 4, or Route 301, this home offers fairly quick commuter access to Joint Base Andrews, downtown Washington, DC, and the Pentagon. Welcome to your new life!
Source: BRIGHT #MDPG2166976
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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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