5249 Turkeyfoot Lake St Waldorf, MD 20602
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About this home
Welcome to this stunning, modern home where style and elegance meet exceptional comfort. From the moment you step through the front door, you'll be captivated by its thoughtfully designed layout and upscale finishes. The spacious residence features 4 generously sized bedrooms, 4.5 updated bathrooms, a recently renovated gourmet kitchen that is sure to impress, finished basement, large deck, spacious backyard, 4 fireplaces, inground sprinkler system, and a whole house Generac generator. Upon entering the foyer, you will be greeted by an elegantly updated staircase and wide, faux wood beam cased openings leading into both the living and dining rooms. The very recently renovated gourmet kitchen is outfitted with custom cabinetry, quartz countertops, large kitchen island, farmhouse sink, wine cooler, walk-in pantry, and premium Samsung Bespoke kitchen appliances. The upper level has 4 bedrooms and 3 full bathrooms including TWO master bedroom suites with attached en-suite bathrooms containing dual vanities, smart mirrors, soaking tubs, and walk-in showers. Both master bedrooms have plenty of closet space and custom-built media walls with integrated fireplaces for added comfort and style. The laundry room has a new Samsung Bespoke washer and ventless dryer. The home features new premium luxury vinyl plank flooring throughout. The fully finished walk-out basement is perfect for entertaining or working from home. The basement has a private office with a custom-built bookcase and desk, recently updated full bathroom, dry bar with beverage cooler, and theater room platform. The outdoor living space is just as impressive. If you like to entertain and spend time outdoors with friends and family, the home has a large deck, paver patio with paver benches, fire pit, and a 6-foot privacy fence. The home has curb appeal. The yard is nicely landscaped and has an inground sprinkler system which the owners can control using a cell phone App. The two-car garage has epoxy flooring, a mini-split for heating and cooling, and plenty of storage cabinets. The HVAC was replaced approximately 7 years ago, and the home has a new tankless water heater. This home is truly unique in design style and featured offerings. This one-of-a-kind home seamlessly combines modern design with luxurious living—don’t miss the opportunity to make it yours! Located in the desirable Gleneagles community, residents also enjoy access to a community center and pool through the HOA. The neighborhood is near walking trails, parks, and the White Plains golf course. All information provided is deemed reliable but not guaranteed. Buyers are encouraged to independently verify all details. Please view and share the Matterport 3D Tour. https://my.matterport.com/show/?m=87dRopd6hhJ
Source: BRIGHT #MDCH2047312
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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.