12325 Mitchell Ter, Port Charlotte, FL 33981
4 beds · 3 baths · 2,144 sqft
Welcome to your slice of paradise in the peaceful waterfront community of Gulf Cove! This stunning Gulf access waterfront pool home offers the perfect blend of rustic charm and modern luxury. Situated on 1 1/2 lots with 120 feet of canal frontage, this spacious home boasts 4 bedrooms, 2.5 bathrooms, and a 2-car garage, all spread over 2100 square feet under air. The traditional floor plan features split bedrooms, providing privacy and convenience for you and your guests. Step inside to discover a beautifully remodeled kitchen, complete with KitchenAid cabinets featuring pullout shelves and soft-close drawers, stainless steel appliances including a gas (propane) range and double wall ovens, quartz countertops, a farmhouse sink, and a stylish tile backsplash. The large owner's suite offers breathtaking views of the pool and canal, along with a walk-in closet featuring a cedar organizer. The ensuite bathroom has been completely updated with a new vanity, dual vessel sinks, and a tiled walk-in shower adorned with river rock flooring and accents. The half bathroom is a true gem, boasting a beautiful cedar countertop with a 200-year-old pecan vessel sink. The guest bedrooms are spacious and inviting, perfect for family or visitors. The second bathroom also serves as a convenient pool bathroom. Step outside to the expansive covered lanai area and 1200 square feet pool deck, perfect for outdoor entertaining and enjoying the Florida sunshine. The pool has been upgraded to a salt system for easy maintenance and enjoyment. Additional features of this exceptional home include a metal roof, hurricane impact doors and windows, and a new A/C unit installed in 2020. In the backyard, you'll find a 24X12 air-conditioned shed, ideal for use as a man cave/she shed, along with a towering mango tree providing shade and tropical ambiance. The backyard is fenced in for privacy and security, with a paver walkway leading to the 43x10 Trex dock and boatlift. From here, you're just minutes away from the serene waters of the Myakka River, offering endless opportunities for boating, fishing, and enjoying the natural beauty of Southwest Florida. Don't miss your chance to own this exceptional Gulf access waterfront pool home in Gulf Cove – schedule your private showing today! Gulf Cove is a riverfront community and has a voluntary property owners association with a Private Boat ramp providing Gulf access and a Community Park on the MYAKKA RIVER. Myakka State Forrest is just around the corner as well with walking trails and camping. Located just minutes away from 776 and a short drive from Boca Grande, Englewood and Manasota Beaches, world class fishing, FIVE golf courses, TWO Spring Training baseball stadiums and variety of dining and shopping options! The Gulf Cove area is known for fishing, boating, golfing, and beautiful beaches! Gorgeous location near Cape Haze Pioneer Trail Park with biking & walking trails, picnic tables & a historic wood-framed rail workers building.
Source: STELLAR #d6138692
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #d6138692
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: #d6138692
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.