4850 Eisenhower Ave Unit 427 Unit 427 Alexandria, VA 22304
Your savings
About this home
Welcome home to this bright, well-kept top-floor 2BR/2BA at The Exchange at Van Dorn. Enjoy the quietness of the TOP FLOOR LIVING - with no one above you. The community amenities include: clubhouse with fitness/weight rooms, billiards, and sport court, plus pool, dog park, BBQ areas, and tot lot. Minutes to I-495 with quick access to Van Dorn and Eisenhower Metro. If you’re shopping the Alexandria-Arlington corridors for a 2BR condo with parking for under $400K, compare #427: quiet top-floor, balcony PRIVACY on the fourth floor facing the road and NOT facing any other units, two garage spaces, and convenient access to the Blue/Yellow Lines at Van Dorn & Eisenhower—often at a lower monthly payment than similar Arlington options. Highlights you'll love: **Top-Floor Condo with 2 Garage Spaces + Buyer Incentive! Discover this bright and beautifully maintained 2-bed, 2-bath home at The Exchange at Van Dorn. Unit #427 stands out with abundant natural light, a private balcony, and two assigned garage parking spaces—a rare and valuable find in this community. ** Split floor plan that features a spacious living room with a cozy gas fireplace, a dedicated dining area, and a modern kitchen with granite counters, stainless steel appliances, and generous cabinet space. The large primary bedroom includes a walk-in closet and en-suite bath, while the second bedroom on the opposite side of the unit works perfectly for guests, a home office, or flex space. Convenience perks include in-unit laundry, a smart lock. **Assumable VA loan eligibility (for qualified buyers). **Community amenities include a resort-style pool, fitness center, clubhouse, basketball court, billiards room, dog park, and a free shuttle to the Van Dorn Metro. Easy access to I-495, Old Town, and DC makes this the perfect blend of comfort and commute. Don’t miss this rare combination of top-floor privacy, two garage spaces, and a flexible buyer incentive. Schedule your showing today.
Source: BRIGHT #VAAX2047198
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.