9318 Atlantic Ave North Beach, MD 20714
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About this home
Perched on three expansive lots with prime frontage, this North Beach home offers breathtaking water views from nearly every window and multiple decks overlooking the Chesapeake Bay. Refinished hardwood floors in a light tone with both warm and cool graining complement the freshly painted interiors, while design-inspired tile and finishes elevate every renovated bathroom. Modern updates include recessed lighting throughout, new ceiling fans in all bedrooms, replaced light fixtures, a refaced fireplace, and a new heat pump, alongside thoughtful structural improvements such as the removal of a wall to open the staircases on the second and third floors. Recently featured in the Washingtonian June 2024 "Water's Edge" article, this home radiates sophistication and coastal charm. The recently updated kitchen shines with quartz countertops, a glass tile backsplash, stainless steel appliances, a gas range, and built-in speakers. The open-concept main level flows effortlessly, with a large kitchen bar providing additional seating ideal for entertaining. In the living room, expansive Chesapeake Bay vistas lead to a deck perfect for enjoying the water views and the soothing sound of waves lapping against the rocks, while the dining area enjoys the same scenery, anchored by an elevated peninsula gas fireplace shared with the living room and kitchen. Step outside from the spacious family room, where vaulted ceilings and walls of glass-paneled doors with sidelights fill the space with abundant natural light and lead to a deck with views over the wetlands, complete with surround sound speakers. The main level also includes a generously sized laundry room with coordinated floor and wall tile, and a versatile space that can serve as a water-view office or bedroom, featuring a full bath, and walk-in closet. Upstairs, the primary suite impresses with a cathedral ceiling, panoramic water views, a walk-in closet, and a private balcony. The en suite bath offers a soaking tub, double vanity, and a tiled shower, with water views appreciated from the bathroom itself. Two additional bedrooms with walk-in closets share a full bath with a double sink vanity. On the third floor, a spacious bedroom enjoys water views from every window and a window seat, accompanied by another dual-entry full bath and a sixth bedroom overlooking the wetlands. Outside, a generous fenced yard with a back gate provides direct access to kayak launching spots. Parking is abundant, with a four-car tandem garage and a concrete fenced driveway accommodating two more vehicles for a total of six spaces. Located in the heart of North Beach, residents have easy access to shops, restaurants, and community events, including farmer’s markets and concerts, as well as the boardwalk, pier, and sandy beach just steps from home. Whether seeking a year-round residence or a coastal getaway, this retreat, only 45 minutes from DC, offers the perfect blend of comfort and convenience. Park your boat at Herrington Harbor Marina or Rod & Reel Resort. Experience a vibrant coastal lifestyle with a charming boardwalk, seasonal farmers market, Bayside History Museum, parks and nature preserves, a brand-new library, cultural events, and welcoming gathering spaces. This North Beach home captures the essence of small-town charm while offering the modern comforts and breathtaking views of the Chesapeake Bay.
Source: BRIGHT #MDCA2022066
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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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