1 of 33
$369,900

1235 Flowing Tide Dr, Orlando, FL 32828

3 beds · 3 baths · 1,451 sqft sqft

LOCATION!!! Welcome to this stunning and fully upgraded townhome in this tranquil and popular community of The Towns at Avalon Ridge. Blending both comfort and elegance to elevate your lifestyle. As you arrive at this amazing property, you'll be greeted by the beautiful curb appeal with the pavers driveway in front of the 1 car garage to allow added space and privacy for your vehicle, tools, and belongings. Once you enter the home, you'll be amazed with the gorgeous wood-like tile flooring boasting a desirable open layout floor plan with natural lighting and an extra guest bathroom. Enjoy your inner chef in the heart of the home to host and entertain guests in this gourmet kitchen equipped with plenty of cabinetry, a pantry, top of the line modern stainless steel appliances, granite countertops and an island for ample prep space. This townhome comes equipped with well thought-out details including modern light fixtures, energy efficient windows, and ceiling fans throughout the property to ensure comfort year-round with proper air circulation. Also enjoy 2 smart nest thermostats, both upstairs and downstairs for added convenience with eco friendly controls, PLUS the owners added a UV lighting to the HVAC system to prevent mold and bacteria growth. Rinse your produce, drink and bath in clean filtered water as an upgraded water softener and filtration system was installed covering the entire property. Step out back through your sliding glass doors for some fresh air onto your private patio to relax and read a book or for some outdoor dining. The second floor also offers a small loft area that can be used as an office space or a small play area. As you enter the PRIMARY SUITE master bedroom, you will be pleased to see how much space you'll have complete with a WALK-IN closet and your private upgraded en-suite master bathroom including dual vanities with matching granite countertops for extra comfort. The Towns at Avalon Ridge community is a quiet and gated neighborhood for extra peace of mind providing a lifestyle that will keep you and your guests entertained with nice amenities including a community pool, cabana, and a playground. Located near everything you need with close proximity to great schools, a variety of shopping, dining, and entertainment, hospitals, major highways 408, 528, and 417, Avalon Park, and Waterford Lakes. Additionally, just 15 minutes away from UCF, and 30 minutes from Cocoa Beach! A quiet neighborhood in the PERFECT location, reach out now to secure your DREAM home, this won't last long!!

Interest rate 3
3.6%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,133
With Roam
$1,514
Reduce your monthly payments by $381 when you assume this mortgage.
You also save $115,083 in total interest paid.

$145,063
Edit

You may be able to put down less than the total down payment amount of $145,063 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,451 sqft
Lot size
0.05 acres
Year built
2019
Type
Townhouse

Source: STELLAR #o6249660

Loan
Remaining term
25 years, 2 months
Rate
3.6%
Monthly P&I
$1,133
Remaining loan balance
$224,836

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 23, 2024 10:09 am
Listing agent: Veronica Figueroa (407) 519-3980
Listing provided courtesy of: EXP REALTY LLC (888) 883-8509
Details provided by STELLAR and may not match the public record.
MLS ID: #o6249660
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,133/mo
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