5332 Loughborough Avenue

About This Home

WOWZA!! Assumable FHA mortgage at 3.25% — a rare opportunity in today’s market*. This classic Princeton Heights brick bungalow offers a welcoming front porch perfect for relaxing and enjoying the neighborhood as neighbors stroll to nearby Willmore Park and Francis Park which offer playgrounds, pickleball and tennis courts, fishing lakes and ballfields. The vibrant Hampton Avenue business district and Macklind Avenue business district are within walking distance, offering local restaurants, shops, and neighborhood favorites. Inside, the home features spacious living and dining areas, two generous bedrooms, and a large full bath showcasing original tile. Hardwood floors run throughout the main level. The kitchen offers abundant oak cabinetry and ample counter space. A side door from the kitchen leads to the fenced backyard and detached two-car garage with new siding. Unfinished dry basement awaits your finishing touches. Major updates include a newer Trane HVAC system, newer water heater, copper plumbing, and PVC waste stacks. THe roof on house and garage replaced 2025. The detached two-car garage includes a newer door and access from a clean alley. A solid home in a highly walkable neighborhood — with the added advantage of an assumable low-rate mortgage. *Buyer must qualify with note holder NEWREZ the same as any lender. Current loan balance is approximately $178,500. To assume the loan, buyer needs to have the difference between contract sales price and loan balance as their cash down payment. Buyer is allowed to get a second mortgage for any of the $40k difference through a secondary source. Must owner-occupy the property. No investors can assume this mortgage. Allow up to 60 days for loan approval and closing. Closing costs could be up to $1800 with NewRez. Principal and Interest payment would be $777 plus taxes and insurance. You can't rent for that!!!!!!!

Property Details

Listing History