4850 Eisenhower Ave Unit 203 Unit 203 Alexandria, VA 22304
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About this home
Discover the perfect blend of comfort and convenience in Alexandria at 4850 Eisenhower Ave #203. This beautifully maintained condo offers modern style, fresh updates, and an unbeatable location just under a mile from the Van Dorn Metro station, making commuting to Old Town Alexandria, Washington DC, the Pentagon, Amazon HQ2, and National Airport a breeze. Inside, you’ll find freshly painted interiors, soaring nine-foot ceilings, and brand new hardwood floors in the primary bedroom. This spacious two-bedroom, two-bathroom home is filled with natural light and designed for both relaxation and entertaining. The gourmet kitchen features granite countertops, stainless steel appliances, a gas range, tile floors, and generous cabinet space. The open-concept living and dining areas are accented with crown molding and hardwood floors, creating a warm and inviting atmosphere. Large windows frame serene courtyard views, which can also be enjoyed from your private patio. The courtyard itself is a peaceful retreat, complete with benches, sitting areas, and grills for outdoor gatherings. For added convenience, this home includes two designated garage parking spaces, two guest parking passes, a utility closet off the patio, and an in-unit washer and dryer. Residents of the Exchange at Van Dorn community enjoy a resort-style lifestyle with access to a large swimming pool, a fitness center, a basketball court, a business center, and a clubhouse featuring a great room with a cozy fireplace and a community room with a pool table. The community is pet-friendly and close to shopping, dining, and trails for biking and walking, with easy access to I-495 and major commuter routes. Don’t miss your chance to call this stunning condo home. Schedule your private showing today and experience the best of Alexandria living.
Source: BRIGHT #VAAX2049894
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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.