507 Janneys Ln, Alexandria, VA 22302
4 beds · 2 baths · 2,016 sqft
*** OFFER DEADLINE SUN 6/15/25 AT 6:00 PM *** Welcome to 507 Janneys Lane, a beautifully updated 3-level Colonial, just a one mile walk from King Street Metro - or hop on the bus! You'll be captivated by this nostalgic neighborhood, with its tree-lined streets, so close to the Masonic Temple. Take the trolley to explore the restaurants, shops and waterfront of historic Old Town Alexandria. The main level features a fully remodeled gourmet kitchen outfitted with GE Café appliances, crisp white cabinets including two pantry units, white quartz countertops, a playful penny backsplash, and subway tile flooring. There's space for a bistro table or a moveable island - both functional and inviting. Adjacent to the kitchen, the dining room sparkles with natural light and a modern chandelier. A curved doorway introduces the expansive living room with a prominent fireplace and handsome hearth as a focal point. A versatile home office/sunroom exits to the backyard. Upstairs, you’ll find three bedrooms and full BA. The walk-out lower level has been thoughtfully designed as a full en-suite apartment, complete with a living and dining area, bedroom with a newly installed legal egress window, remodeled full bathroom, and its own laundry—ideal for guests, rental income, or multigenerational living. Just off the kitchen, a concrete patio provides a serene space for al fresco dining surrounded by a plush lawn and mature trees. Impeccably maintained since 2022, improvements include: * Exquisite Upper Bathroom Makeover, * New Roof, * Energy Saving Solar Panels & Attic Insulation, * LVP Flooring in basement, * EV Plug & Electrical Panel capacity to 200 Amps, * Relined Chimney, * Regraded Yard with external French Drain and Dry Well Drainage System, * Hot Water Heater and * a Brand New HVAC. Plus, refinished original hardwood floors and newer double-pane windows. The attic, already floored and used for storage, offers potential for expansion, as does the rear of the home—whether as a two-story addition, a suite over the office, or an extension into the backyard. With over 2,000 square feet of finished living space across three levels, this lovely home is ready to enjoy now with abounding future potential. Perfectly located for both work and play, you’ll enjoy a close-in quality of life that you deserve!
Source: BRIGHT #VAAX2041876
Source: BRIGHT #VAAX2041876
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.
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.
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.
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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.
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