855 Quarry Rd Jamestown, OH 45335
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About this home
Lake life at its finest! Welcome to paradise. Located on Shawnee Lake in Jamestown and Greeneview Schools, this beautiful waterfront property boasts 4500 sq ft of living space including 5 bedrooms (plus an office/bonus room) 4 bathrooms and is situated on a spacious double lot. Outside enjoy the best views of the lake from one of the 2 decks overlooking the lake or the patio area. Down closer to the water you will find an awesome boathouse that has a woodburning fireplace, pool table, custom bar area and is attached to the covered dock, a perfect space for entertaining. This property has all of your boating needs covered with an electric boat lift, jet ski lift and storage shed for other water accessories. There are also 4 docks, all with composite decking to host the party after a long day on the water. Back inside on the first floor you will find a spacious, updated kitchen with granite countertops connected to a huge, open family room with acesss to the lower deck, also with new composite decking. There is also a 1/2 bathroom rounding out the first floor. Headed upstairs you will be greeted with the enormous master bedroom that offers an updated master bathroom and generously sized walk in closet. Other highlights of the 2nd level include 4 more bedrooms, all with an abundance of storage, access to the top deck, perfectly placed laundry room, an updated full bathroom and cozy study/office/bonus room. Back down to the walkout basement you'll find a family room, wet bar and the second half bathroom. Other highlights of the home include an oversized 3 car attached garage, fire pit and a lot of green space for kids/adults to play on. The sellers didn't hold back on any of the updates so this property is truly turn key. Don't miss your chance on this little slice of heaven. Schedule your private showing today!
Source: DAYTON #936694
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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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