1099 Cimarron Dr, Punta Gorda, FL 33950
3 beds · 2 baths · 2,029 sqft sqft
This optionally furnished waterfront dream home in the Punta Gorda Isles has everything you could possibly think of! THE ONLY MODERN & UPDATED LISTING OF ITS KIND...This is for the next Floridian dreaming of living water front or someone looking to start an airbnb. Property is airbnb ready! Right on the canal system of Charlotte Harbor just minutes away on the backyard canal or enjoy the sunset from your screened in saltwater pool. As you enter the home, the first feature you will notice is the pocket sliders that allow for a true indoor/outdoor living experience that also crosses into the master suite. The home boasts 3 huge bedrooms all featuring walk-in custom closets with tailored living, 2 full bathrooms with new fixtures and finishes, and 2625 sqft of living space + the lanai space out back and front. The master suite was created to feel like a luxury resort hotel room, with a stunning spa shower and large bath. Besides the home being new, built in 2019, these homeowners have thought of everything as they carefully crafted this home to feel custom and add to a quality, healthy, waterfront lifestyle all within the last 6-12 months- to include- new carpet in all rooms (they don't wear shoes!) water purification system, new back lanai screening rated for cat 5 & warrantied, new front screened in patio to add to outdoor living also with high grade screening, air quality system including UV light, new central AC unit well maintained, all new appliances, central garage AC system 30 days ago to keep the home gym crisp and cool in the summer months, salt water softener system, salt water system for pool, pool heater up to 105 degrees, Custom closets, new washer and dryer 2024 rose gold trend, home completely remodeled and updated with all new light fixtures, door knobs, faucets to show off one of the only elevated and modern designs in PGI. The home includes a home gym in the 3 car garage valuing over 45k complete with high end Rogue and Peleton equipment. The owner worked with an Interior designer for a full Reno in 2023 with thoughtful design on furnishings, lighting, fixtures and details. You have the option to purchase this home fully furnished with luxury pieces from boutiques such as antrhopologie, modern living, sleep number, pottery barn, and many others. Everything was custom measured and installed for this home, so it is being listed as is, so the next owner can enjoy a custom design.. Pictures don't do this immaculate home justice, come see for yourself! *NOTE* Because of this homes thoughtful elevated build and stem walls in the canal, this home did not suffer storm damage, unlike many others surrounding the home. This will be PERFECT for the Floridian that wants to be waterfront without the fear of flooding.
Source: STELLAR #tb8313299
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8313299
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #tb8313299
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.