84 Sprague Rd Berea, OH 44017
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About this home
Prepare to be moved! Welcome to 84 Sprague Rd – a spacious 3-bedroom, 1.5-bath ranch home in the heart of Berea, offering over 1,900 square feet of living space and full of opportunity to make it your own. Step into a bright, light-filled living room – the perfect gathering place for family or friends – that flows seamlessly into a formal dining room. A large picture window in the dining area overlooks the expansive, fully fenced backyard. The eat-in kitchen offers generous functionality with oak-colored cabinetry, stainless steel appliances, a pantry area, and a large breakfast nook – providing plenty of room to personalize your dream kitchen. Three comfortable bedrooms and a centrally located full bath round out the main level, offering a practical and spacious layout. The finished basement with Nature Stone floors adds incredible flexibility with a half bathroom, laundry area, and plenty of space for a recreation room, home gym, workshop, or additional storage – ideal for expanding your lifestyle needs. Enjoy outdoor living on the covered patio, perfect for entertaining or relaxing, with room for outdoor dining and grill space. A detached 2-car garage adds convenience and extra storage, and the large fenced-in backyard is ready to be transformed into your own private retreat. Conveniently located near major highways, shopping and dining in Middleburg Heights, and the scenic Mill Stream Run Reservation of the Metroparks, this home offers the perfect blend of accessibility and comfort. With solid structure, generous square footage, and a flexible layout, it’s an ideal canvas for your personal touch. Whether you're looking to move right in or take on a thoughtful renovation, 84 Sprague Rd is full of potential and ready for its next chapter.
Source: MLSNOW #5164839
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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.
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