5 Old Barn Ln Earleville, MD 21919
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About this home
Exquisite Custom-Built home in Bay View Estates Welcome to this stunning 4-bedroom, 3-bath custom-built ranch, built in 2021, offering over 5,000 square feet of luxurious space in the popular Bay View Estates neighborhood. Every detail of this home has been thoughtfully designed to blend modern elegance, comfort, and relaxing Chesapeake Bay views. The main level features 2 bedrooms and 2 full baths, including a spacious primary suite with a luxurious en-suite bath and soaking tub, perfect for relaxation. The open-concept layout showcases a gourmet custom kitchen with top-of-the-line finishes, electric blinds, and UV-protective windows throughout. A dedicated home office and an all-season room capture Bay views, offering ideal spaces to work, unwind, or entertain. The finished basement offers incredible flexibility and style, featuring an additional two bedrooms, a full bath, a gym/exercise room, and a spacious living area that is ideal for a home theater or entertainment space. There’s also a large area for storage and electric and water hookups for a possible future kitchenette, offering exceptional functionality for guests or extended family. Outside, enjoy a beautifully manicured corner lot on .71 acres, offering plenty of space for outdoor living, entertaining, or simply taking in the peaceful surroundings. Relax on the large deck equipped with electric retractable awnings, ideal for enjoying the outdoors in comfort. The lot includes a large driveway with ample space for parking a boat or recreational watercraft. An optional adjacent lot is available for purchase separately. Additional highlights include a Generac whole-house generator, a three-car garage, and custom upgrades throughout that elevate this home to a true showpiece. Located in the sought-after Bay View Estates community, residents enjoy exclusive access to a private beach, boat ramp, and pier, providing the ultimate Eastern Shore lifestyle. A rare opportunity to own a one-of-a-kind custom-built home that is move-in ready—every detail reflects unmatched quality, luxury, and sophistication.
Source: BRIGHT #MDCC2019358
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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.