VA loan
1 of 39
VA loan
$1,900,000

1041 Cottontail Ln, Maitland, FL 32751

5 beds · 5 baths · 4,735 sqft sqft

Welcome to a slice of paradise tucked away among the trees in the heart of Maitland! Thoughtfully designed and CUSTOM BUILT in 2017, this David Konkel home has every luxury you could dream of while still having all the quiet comforts of a home. No detail was missed and every inch crafted to the highest standards, this spacious home sits on a sprawling 1.35 ACRES of land next to Lake Lily surrounded by mature trees for a WOODED VIEW. The ideal split bedroom floor plan delivers a tranquil retreat in the MAIN FLOOR PRIMARY SUITE complete with an OVERSIZED WALK-IN CLOSET with dual sides, a spa-like en-suite bath boasting ITALIAN MARBLE FLOORS, dual sink vanity, large SOAKING TUB in front of a stone feature wall and a massive WALK-IN SHOWER with a rain shower head, body jets and bench seating. You will also find a junior suite on the second floor if you prefer. The living room offers a custom experience with beautiful coffered ceilings, two sets of Pella French doors out to the lanai and a DOUBLE-SIDED GAS FIREPLACE that serves at the center piece with built-in shelving on either side. A formal dining room allows you to host family or entertain friends with ease overlooking the luxurious eat-in kitchen. Gourmet doesn’t begin to cover the high end items designed into this kitchen; there is a gas CAPITAL GAS COOKTOP with 4-burners and a flat-top griddle, stainless hood, side by side LIEBHERR fridge/freezer that blends into the cabinetry and a large GALLEY STAINLESS STEEL SINK with a full prep system to make any chef’s life a dream with a standard sink on the opposite site. The BUILT-IN OVENS are a top of the line Italian manufacturer - BERTAZZONI with the top being a STEAM OVEN and the bottom a full CONVECTION OVEN. Off the kitchen there is also an OVERSIZED PANTRY with custom built-ins for all your storage needs! The half bath features a custom copper sink and the laundry room is a must see with all the cabinet storage and counter space you could ask for. We’re not done yet - this home also boasts a side entrance and hall where you will find a step down WINE CELLAR, perfect for the wine connoisseur! Also noteworthy; all of the HARDWOOD FLOORS you will see throughout the home are WALNUT, the movie room on the second floor can easily be used as a 5th bedroom or third en-suite as the expansive closet is already plumbed for a bathroom should you need it. The attention to detail continues outside where the expansive lanai offers electric roller shades, gas coach lights and an outdoor BLAZE KITCHEN. The detached garage has 3 oversized bays, 1 of which is built to accommodate a full car lift system with 25’ ceilings - there is a full attic and it is equipped with 100 amp service for the car enthusiasts or your workshop needs! This home has a FULL SOLAR SYSTEM to keep energy costs low or at zero and there are 2 TANKLESS GAS WATER HEATERS, a 100-gallon buried propane tank and full irrigation throughout the property. Take a stroll on the boardwalk to Lake Lily and the shops and restaurants beyond, plus you are zoned for sought-after Orange County schools. Don’t let this stunning home slip through your fingers, call today for more information and fall in love with the GEM of Cottontail Lane!

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,698
With Roam
$2,539
Reduce your monthly payments by $840 when you assume this mortgage.
You also save $270,789 in total interest paid.

$1,513,541
Edit

You may be able to put down less than the total down payment amount of $1,513,541 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
4,735 sqft
Lot size
1.35 acres
Year built
2017
Type
Single Family Residence

Source: STELLAR #o6245849

Loan
Remaining term
26 years, 10 months
Rate
2.75%
Monthly P&I
$1,698
Remaining loan balance
$386,458

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 22, 2024 08:20 am
Listing agent: Jenny Wemert (407) 809-1193
Listing provided courtesy of: WEMERT GROUP REALTY LLC (407) 743-8356
Details provided by STELLAR and may not match the public record.
MLS ID: #o6245849
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,698/mo
View details