701 S Durand St Jackson, MI 49203
Your savings
About this home
STATELY COLONIAL HOME FOR SALE IN JACKSON, MI, OFFERING SPACIOUS, ELEGANT LIVING NEAR PARKS, TRAILS, AND THE HEART OF THE CITY!PROPERTY OVERVIEWWelcome to your dream home! This impressive colonial residence is situated in the vibrant city of Jackson, Michigan. Ideally located, the property offers convenient access to beautiful parks and scenic trails, perfect for outdoor enthusiasts and families alike. Just minutes away, you'll find a variety of shopping and dining options, as well as the central business district, ensuring you're always close to everything the city has to offer.HOME FEATURESSize: Nearly 4,000 square feet of finished living space, providing ample room for relaxation, entertaining, and everyday living.Bedrooms: Four spacious bedrooms, including a luxurious primary suite.Bathrooms: Five bathrooms in total--three full bathrooms on bedroom level, offering privacy and convenience for everyone. Guest baths on main level and in finished basement....." Primary Suite: The expansive primary suite features a private bathroom, creating a perfect retreat at the end of the day. " Basement: Enjoy a finished basement, ideal for a home theater, gym, playroom, or additional entertaining space. " Outdoor Space: Relax and unwind in your private backyard, a peaceful haven for family gatherings, gardening, or simply enjoying the outdoors. LOCATION BENEFITS This property boasts a prime location close to: " Parks and recreational trails " Shopping centers and local boutiques " Diverse dining options " The heart of Jackson's central business district PRICE This stately colonial home is priced to sell at $300,000. Don't miss the opportunity to own a spacious, elegant residence in one of Jackson's most desirable neighborhoods. SELLER HAS AN ASSUMABLE MORTAGE AVAIALABLE AT +/- 2.25%. Seller will also consider a LAND CONTRACT sale. SCHEDULE A TOUR Contact REALTOR today to schedule a private tour and experience all this beautiful home has to offer!
Source: REALCOMP #55025052497
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.