10498 Bay State Dr, Port Charlotte, FL 33981
4 beds · 3 baths · 2,685 sqft
Welcome to 10498 Bay State, a Well-Designed 4-Bedroom 3-Bath 3-Car Garage Home with Private Home office, Workshop in Garage and HEATED POOL on a DOUBLE X ZONE LOT in the highly desired Gulf Access community, South Gulf Cove! This property is located on a rare double lot that backs to a greenbelt, offers sunrise views from your Lanai, and offers unobstructed views of the Santa Cruz Waterway from your pool and backyard. With nearly 2,700 square feet of living space, this home offers plenty of room for family and guests, and a possible in-law suite for those looking for multi-generational home options. The foyer is welcoming, with ample space for a book nook or console table and leads to 2 Guest Rooms that share a Full Bath and Linen Closet. Across the hall, you’ll be pleasantly surprised to find a very large Laundry Room with Cabinets and Storage, adjacent to an En-Suite / In-Law Suite with Full Bath and Walk In Closet. Proceed to the main living spaces, your Kitchen features a large island with Bar Height seating, lots of cabinets, farmhouse sink, and built in shelving in the WALK-IN Pantry. The Living Room and Dining Room flank the Kitchen and Breakfast nook, maintaining a seamless flow for conversations and natural light. But wait, there’s more! The frosted glass French Doors open to a Home Office / Study, with quick access through the living rooms sliders to the Lanai and Pool Deck. The Primary Bedroom is generous in size and offers a complete En Suite with Dual Sinks, Garden Tub, and large Walk In Closet. The home boasts a host of recent updates, including a new roof and new HVAC system, providing peace of mind and energy efficiency. The property is also located in an X Flood Zone, meaning no flood insurance is required! For those with furry friends, the fenced dog run offers a safe and secure space to play. The 3-car garage is a true standout, featuring mini split AC system, workbench, overhead lighting and retractable extension cord, as well as built-in storage components – making it an ideal space for projects and hobbies. This property is ideally situated just minutes from several public boat ramps, providing easy access to the community’s waterways, the Intracoastal Waterway, and the Gulf. Whether you’re an avid boater or just love coastal living, you’ll find everything you need right at your doorstep. You’re only 15 minutes drive to Gulf Beaches, world-class fishing, 99 holes of golf, shopping, dining, and the Tampa Bay Rays' Spring training facility! Enjoy the benefits of an optional HOA at just $120 per year, minimal deed restrictions, and several pocket parks and walking paths, providing flexibility while still enjoying the community’s perks. Whether you’re seeking a peaceful retreat, investment property or a home with room to grow, this property has it all. Don’t miss out – schedule your showing today and make this paradise yours!
Source: STELLAR #D6141174
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #D6141174
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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 committed to and abides by the Fair Housing Act of Equal Opportunity Act.