10075 Bay Ave, Englewood, FL 34224
3 beds · 2 baths · 1,851 sqft
Immaculate UPDATED home seated on a DOUBLE LOT with TWO SHEDS, "X flood zone", located in Englewood with no deed restrictions or HOA fees. This home has ALL the upgrades including a new roof (2023) with TRANSFERABLE WARRANTY, HVAC (2019), freshly painted exterior, whole house water softener, hurricane protection, irrigation and SO much more! Well-manicured landscaping and rock curbing encompasses the home leading you to the screened front entry. Upon entering, the vaulted ceilings, coastal color scheme, crown molding, and diagonal tile flooring welcomes you into the spacious "great room". Enjoy the open floor plan making entertaining a breeze with a the large living room and dining area located just steps away from the updated kitchen-- there is even a pass through window from the living room to the kitchen-- that features dark granite countertops, wood cabinetry, quality black & stainless steel appliances, --the house is equipped with propane so you can have your choice of gas or electric range-- under cabinet lighting, lower pullout drawers, updated recessed lighting, and an eat-in space with a sliding glass door so you easily expand your living space outside to your private oasis of fun in the sun! Relax under the large covered lanai with ample room for seating and 3 fans, or cool off in your large SALTWATER, ELECTRIC HEATED pool with upgraded pebble tec finish, the pool pump was replaced in 2023, and a freshly painted lanai and pool deck. In the backyard enjoy a fire in your firepit on the cool evenings, the grass fenced-in area for your pets, and most importantly, all the EXTRA OUTDOOR STORAGE of the TWO sheds--one that is concrete block with an overhead door for your toys, golf cart, or lawnmower equipped with electric and seperate 50 amp breaker box and shingle roof--the second shed (20' x 10') with a metal roof and oversized door to exceed all of your storage needs! There is a (20' x 20') carport with a separate driveway where you can park your boat, jet skis, or your RV. There is plenty of space inside with a “split” bedroom plan offering privacy for all, the primary suite offers a spacious bedroom with new laminate plank flooring, a sizable walk-in closet with ample shelving, sliding glass doors to the lanai area, and barn door to the ensuite bathroom that has diagonal tile flooring, dual sinks with granite countertops and wood cabinetry, and a tiled shower with custom niches. On the opposite side of the home there are two additional bedrooms-- both spacious with the same easy to maintain laminate plank flooring, roomy closets, and ceiling fans, the second bedroom has a murphy bed & features direct access to the pool area and an additional room off the bedroom, perfect for an office or sitting area-- and the guest bathroom with a tiled shower, granite countertop and linen closet. Lets not forget the spacious laundry room providing ample cabinetry for storage and to the large two car garage with epoxy coated floor. Additional features of this home include: well-fed irrigation, a whole house Kinetico water softener, and a concrete sidewalk from the driveway to the back lanai. This home is a MUST SEE! Don't miss the opportunity to make this your Florida dream home!
Source: STELLAR #D6141120
Financials
Source: STELLAR #D6141120
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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