1130 LORD ST, Englewood, FL 34223
One or more photo(s) has been virtually staged. Discover Your Private Oasis tucked away on a Tranquil Dead-End Street in the Bay Vista community. This Beautifully Updated 2-Bedroom, 2-Bathroom Split Floor Plan home offers the perfect blend of Modern Comfort and Natural Beauty. Imagine waking up to Stunning Water Views of a serene pond and making your way approximately 222ft from your property to the community entrance of the pet-friendly Lemon Bay Park, which offers nature trails for hiking, a Kayak/Canoe Launch on the Intracoastal Waterway, Fishing Pier, picnic facilities, and prime spots for wildlife & Bird Watching providing endless opportunities for Outdoor Adventures. The exterior of the home has been thoughtfully enhanced with a New Roof installed in 2023, ensuring years of protection from the elements. A Contemporary Horizontal Board Wood Fence, added in 2022, not only enhances backyard privacy but also adds a modern aesthetic. Front and Rear Landscaping has been Completely Updated in 2023/2024, refreshing the Curb Appeal with new plants and designs. The backyard is not just for show; it's a productive space with 3 Lemon Trees, 1 Key Lime Tree, and 1 Hass Avocado Tree, promising fresh produce right at your doorstep. Inside, the home boasts Significant Upgrades for comfort and efficiency. A New A/C System and Ductwork were installed in 2023, providing efficient cooling and improved air quality. The Kitchen Updated with Granite Countertops, is a chef's delight, combining functionality with elegance. The interior has been Freshly Painted, offering a clean, modern palette for your personal touch. The addition of 5-inch Baseboards throughout adds a touch of sophistication to every room, and the bedrooms now feature new carpeting installed in August 2024, offering ideal underfoot comfort. Functionality has not been overlooked; a Square-D 200 Amp Electrical Panel from 2019 supports all modern electrical needs, while an irrigation well pump from the same year ensures your garden remains lush with minimal effort. A Rheem water heater, installed in 2017, guarantees a steady supply of hot water. The Completely Remodeled Rear Screened-In Lanai serves as an ideal spot for morning coffee or evening relaxation, perfect for showcasing your shell collection or simply enjoying the serene backyard. This home in Bay Vista isn't just a residence; it's a lifestyle choice for those who cherish peace, privacy, and a connection with nature. The limited traffic due to the dead-end street adds to the serene ambiance, making this property a Rare Find in today's market. Notably, the home is Not in A Flood Zone, there's No Mandatory HOA, No CDD, and it features public water and along with sewer. Just minutes away to the Manasota Key Beaches, and Historic Downtown Dearborn St at Old Englewood Village. Live, work, play – schedule your showing today and step into your new life in this Updated Bay Vista Home!
You may be able to put down less than the total down payment amount of $44,351 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
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?
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.
MLS ID: #n6134292
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.