1 of 63
$725,000

128 Point View Ln, Longwood, FL 32779

4 beds · 3 baths · 2,476 sqft

Stunning move-in ready FOUR BEDROOM, THREE FULL BATH, SEMINOLE COUNTY POOL HOME in the coveted neighborhood of Springs Landing located off the Markham Woods Corridor. A rare find nestled on over a half an acre lot which features over six figures in floor-to-ceiling renovations. This split bedroom floorplan has updated light fixtures, plantation shutters, calming color scheme, & cohesive luxury flooring throughout which provides a fresh and modern feel. Formal dining room can easily hold your large family over the upcoming holidays! The versatile living room includes surround sound and can be used as a casual living room space, formal living room, or home office. The family room features a cozy wood burning fireplace with custom built ins, mantle & surround sound speakers. Beautifully UPDATED KITCHEN with Super Calcutta QUARTZ Countertops, STAINLESS-STEEL APPLIANCES, & KITCHEN ISLAND that opens to your family room area. The kitchen is truly the heart of this home and showcases plenty of cabinetry, timeless marble backsplash, recessed and pendant lighting, eat-in seating, oversized undermount sink, custom range hood, double oven, and pot filler over glass stovetop. The master bedroom features a large WALK-IN CLOSET with custom closet system and a LUXURIOUS spa-like master en-suite bathroom. The recently updated master bathroom features a spacious vanity area with plenty of storage, dual sinks, and OVERSIZED WALK-IN SHOWER and jacuzzi tub. Across the home, you will find the secondary bedrooms with plenty of dedicated closet space along with two beautifully renovated bathrooms all featuring new tubs, shower tile, & vanities with quartz countertops. The interior laundry room off the garage features stackable washer/dryer and dedicated laundry sink. Plenty of room in the oversized garage for bikes, toys, and tools. Screened enclosed patio features tongue and groove ceiling & small wet bar area with minifridge. Enjoy your oversized pool with the privacy of the conversation view in your backyard. Cannonballs in the pool, hopscotch on the long driveway, morning walks & bike rides down your CUL-DE-SAC street -- this Springs Landing gem will certainly win you over! Additional updates include: NEW ROOF (2018), NEW HVAC System (2018), New Hot Water Tank (2018), New Sliding Glass Doors (2018), New Pool Tile & PebbleTec Pool Finish (2023), replumbed, updated electrical, smart Irrigation System, & smart home pool timer. The neighborhood of Springs Landing features a community pool, clubhouse (available for private rental for residents), tennis courts, pickleball, basketball, relaxation pond, & access to the Little Wekiva River at $600/a year! Wow! Conveniently located to I-4; be at Disney, New Smyrna Beach, Orlando International Airport within 45 minutes / 20 minutes to Sanford International & downtown Orlando. Close to restaurants, shopping, hospitals, the Wekiva River, State Parks, and zoned for TOP RATED SEMINOLE COUNTY SCHOOLS! Owners are available for a QUICK CLOSE! It’s time to MAKE A MOVE to one of the most sought-after areas in Central Florida & call this place your new home!

Interest rate 3
4%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,522
With Roam
$2,040
Reduce your monthly payments by $517 when you assume this mortgage.
You also save $155,836 in total interest paid.

$435,925
Edit

You may be able to put down less than the total down payment amount of $435,925 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
2,476 sqft
Lot size
0.64 acres
Year built
1982
Type
Single Family Residence

Source: STELLAR #o6256068

Loan
Remaining term
25 years, 1 month
Rate
4%
Monthly P&I
$1,522
Remaining loan balance
$289,074

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.

How can you find assumable mortgage listings?

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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?

expand content

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.

View all FAQs
Last updated: Nov 23, 2024 09:44 am
Listing agent: Torey Eisenman (407) 952-0777
Listing provided courtesy of: BENCHMARK REAL ESTATE GRP INC (321) 422-4729
Details provided by STELLAR and may not match the public record.
MLS ID: #o6256068
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 30 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.
$1,522/mo
View details