5902 Mount Eagle Dr Apt 1209 Unit 1209
Alexandria, VA 22303
2 beds · 2 baths · 1,120 sqft
$495,000
Get prequalified5902 Mount Eagle Dr Apt 1209 Unit 1209
Alexandria, VA 22303
2 beds · 2 baths · 1,120 sqft
$495,000
Get prequalified** Assumable VA loan opportunity with this property**! The sunset skies await you from this 12th floor unit overlooking the park! Welcome to your new Home at 5902 Mount Eagle Drive Unit 1209 at the Award -Winning Montebello Condominium's, a gated community in Alexandria. This condo offers the perfect blend of comfort and convenience in this high- rise building. *This spacious 2 bedroom/2bath condo conveys with one indoor parking space. * This desirable indoor parking space is a $30k+ added value. The floorplan in the D unit has over 1120 sq ft of living space and offers two - bedroom suites on opposite sides of the condo. Enjoy the beautiful vistas of nature from your private enclosed balcony with floor to ceiling sliding doors adding an additional 150 sq ft of space. As you enter this condo, the welcoming foyer opens to beautiful wood floors that run throughout the unit. It also features two large double door closets. *The spacious living area flows nicely into the large dining area, open kitchen concept and enclosed balcony. * The open kitchen is an updated remodeled feature of this unit and includes beautiful wood cabinetry, spacious countertops, stainless steel refrigerator with icemaker, microwave, stove, dishwasher, extra- large front -loading washer/dryer and lots of storage. *Easy access to the kitchen enhances the livability of this condo. The primary suite with private bath features great closet space and a large window. The second bedroom also has its own bathroom and is located on the opposite side of the condo for ultimate privacy. Additional perks of this condo include a temperature- controlled storage space on the lower level and the use of all of Montebello's amenities. *Enjoy the resort lifestyle at Montebello Condos known for its exceptional grounds which include an indoor and outdoor swimming pool, tennis courts, pickleball, basketball hoop, sauna, jacuzzi, billiards room and an updated four lane bowling alley. Drop the gym membership as the state -of the art fitness center/exercise room offers treadmills, ellipticals, cycles, rower, free weights and cardio and strength systems for your use. Do not feel like cooking? No worries there is a full- service on site restaurant and bar which is open for lunch and dinner and also delivers food to your front door. Relax and meet friends for a drink at the large modern indoor bar with patio. *The newly remodeled Community Center also offers a hair salon, dry cleaning services, convenience store, game room, lounge area, multipurpose room for meetings & dances. *One of the largest privately owned urban forests in Fairfax County Montebello has over 35 acres with a walking trail, multiple picnic and grill areas, beautiful landscaping and woodlands. *Looking for a pet friendly community ? Montebello has dog walks behind each building and a newly constructed on -site dog park! * Commuting is easy with the Metro within walking distance and a free shuttle bus to shopping and public transportation all included in your condo fee. *Other inclusions in the condo fee include your water, inspection two times a year of the HVAC system, impeccable maintenance of the common areas, full professional management staff and more. *Close to historic Oldtown Alexandria, the Potomac River, National Harbor, Reagan National airport and the Metro the location is unparalleled. Surrounded by an incredible array of shopping, dining and entertainment options you will love the convenience of this Montebello location. Modern amenities include EV charging stations and new sidewalks through -out the community. Montebello is unique in attracting a diverse group of residents from working couples, retirees, young families and professionals. This condominium complex is more than just a place to live it's a lifestyle offering the best of both world's ` privacy and lots of things to do if you choose. *Do not miss this opportunity to come live your best life right here at Montebello.
Source: BRIGHT #VAFX2248110
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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