1589 SE 44TH PL, Bushnell, FL 33513
There are many beautiful homes to choose from; but it's rare to find a home that exudes this kind of character. This is a home with distinct qualities that separates it from other beautiful homes... a “Trophy” home. Designed with immense love and attention to detail by an architect and interior designer as their personal dream home... a Mediterranean Villa and Equestrian Estate. There are many interesting elements to this home, for instance the metal work was salvaged and restored, a nearby mill produced the wood floors from local cypress trees. The porch beams and details were also locally cut and detailed at the same local mill. The tile is hand painted, the metal work below the kitchen marble bar is custom crafted, the kitchen ceiling is hand painted, the outdoor fireplace has imported European tile. The tile above the window arches coordinates with the pool tile. So much thought and love was put into this home. You have a 48 ft pool that leads you to the barn that becomes an extension of the home, also built in the same Mediterranean style. Let's jump to the alter ego of this property – The ten acres of no climb and board on board fencing, 5 paddocks (all have shade trees), concrete block barn with five 12x12 stalls (2 having run outs), cross ties, large covered wash area, 13x14 tack room fully finished, sink, washer and dryer hookups and half bath and a feed room. You have plenty of room for a Dressage arena, Hunter Jumper, Roping or pleasure riding the quiet rural area. There is a second pole barn for equipment, more stalls or other livestock. You have freedom to raise goats, cows, sheep, chickens and vegetable garden – let your imagination run wild. If you are not a horse person, the barn can be converted to office, or storage for cars, motorcycles, workshop... whatever you desire. This is the best of both worlds, you get to live in a work of art, then step outside to immerse yourself in nature. If you work from home don't miss this one.You can have an office upstairs or in the second owner's suite as it already has a built in desk and storage, on beautiful days work on the back porch. You are 54 minutes to Tampa, 43 minutes to Ocala and 59 minutes to Orlando. This is truly a rare “Trophy” property, you will be grateful that it is yours.
You may be able to put down less than the total down payment amount of $798,440 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: #o6235087
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.