4744 Towne Park Rd Suitland, MD 20746
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About this home
Modern 5-Year-Old End-Unit Townhouse Just Minutes from DC! PRICE ADJUSTMENT! Welcome to this stunning 3-bedroom, 2.5-bath end-unit townhouse located in the heart of Suitland, MD. Built just five years ago, this move-in ready home offers the perfect blend of modern design, comfort, and unbeatable convenience—just steps from the Green Line Metro Station, the U.S. Census Bureau, and the Suitland Federal Center, and only minutes from downtown Washington, DC and all major thoroughfares. Inside, you’ll find a bright and open floor plan freshly updated with new paint, new plush carpeting, and new luxury vinyl flooring. The spacious kitchen is a showstopper, featuring stainless steel appliances, granite countertops, dual pantries, an extended island, recessed lighting, a built-in coffee bar, and a custom wine rack. Just off the kitchen, enjoy your private balcony, ideal for morning coffee or winding down in the evening. The upper level boasts a generous primary suite with a walk-in closet and a spa-like oversized shower with dual shower heads and a resting bench for extra relaxation. Two additional bedrooms with modern ceiling fans, a full hall bath, and a convenient upper-level washer and dryer offer comfort and functionality. Throughout the home, custom window shades add a modern, finished touch. The lower level features a fully finished walkout basement that opens to a beautifully landscaped, fenced backyard—a perfect space for entertaining, gardening, or relaxing outdoors. Additional highlights include a two-car garage with epoxy flooring wired for an electric vehicle charger, abundant natural light from three sides, a high-efficiency tankless instant hot water heater. The home is located near newly built schools, shopping, and the Suitland Performing Arts Center, providing everything you need within close reach. Community amenities include a sand volleyball court, outdoor exercise equipment, horseshoe pit for entertaining, playground, dog park and benches throughout to relax and enjoy the scenery. The HOA fee includes Verizon Fios internet, cable and landline, delivering both value and connectivity. Best of all, assumable VA loan at 2.25% for qualified buyers! This is a rare opportunity to own a stylish, energy-efficient, and well-located home just outside the city. Schedule your private tour today!
Source: BRIGHT #MDPG2161154
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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.