10532 94th Pl, Seminole, FL 33772
4 beds · 3 baths · 2,534 sqft
JUST REDUCED.....STUNNING LAKEFRONT OASIS ON LAKE SEMINOLE– Your Ideal Investment or Personal Retreat! Welcome to a rare gem on Lake Seminole, where opportunity meets tranquility! This exceptional lakefront property, boasting an impressive 200 feet of pristine water frontage, presents the perfect canvas for a lucrative Airbnb investment or a serene personal escape. With no minimum rental restrictions, this property is an ideal candidate for the short-term rental market. Imagine maximizing your income with guests drawn to the natural beauty and recreational opportunities Lake Seminole offers! As you enter, you'll be greeted by sweeping panoramic views of the lake that set an inviting and serene tone. The open-concept living area seamlessly connects with the outdoors, creating an atmosphere perfect for entertaining friends or unwinding in solitude. Enjoy unparalleled privacy and picturesque views over Lake Seminole, waking up to the breathtaking sunrises at Seminole Park. The property features a covered boat dock with a lift—newly outfitted with a dock roof to protect your boat. Experience world-class fishing right from your backyard or conveniently access the Gulf of Mexico via the nearby boat ramp at Lake Seminole Park. This nearly 3,000 sq ft home offers 4 generous bedrooms and 3.5 bathrooms, thoughtfully designed for comfort and relaxation. The spacious primary suite invites you in with charming beamed ceilings, elegant barn doors, and a cozy working fireplace, creating a perfect retreat at the end of the day. Multiple sets of sliding glass doors usher in abundant natural light and frame stunning lake views from almost every room. This home has been meticulously maintained and updated to ensure your peace of mind. Highlights include a new roof (2023), modern A/C system (2014), a freshly installed dock roof (2024), and stylish luxury vinyl plank flooring (2024), all contributing to a chic, contemporary feel that beautifully complements the surrounding natural landscape. Rest easy knowing this property did not flood during recent storms – and with the Lake Seminole dam repairs completed, the lake is naturally returning to its full splendor, ensuring a worry-free experience for years to come. Living on Lake Seminole is more than just owning a home; it’s embracing a lifestyle filled with adventure, serenity, and joy. Don't miss your chance to explore this one-of-a-kind lakefront property in person. Arrange a live walkthrough today, and discover the magic that awaits you in this incredible home! Whether you're dreaming of a profitable rental venture or a peaceful lakeside sanctuary, this stunning property has it all! Secure your slice of paradise on Lake Seminole now! * We want to inform potential buyers that the weeds growing in the water near the sea wall are scheduled to be cut down. This maintenance will ensure that these weeds will not be visible as the water level rises to its full capacity. We have contracted Gator’s Lakefront Clearing for this service, and we are committed to maintaining the beauty of the property.* Please note that updated pictures will be provided once the clearing is completed, showcasing the improved view and enhanced waterfront experience.
Source: STELLAR #TB8346540
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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
Source: STELLAR #TB8346540
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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.