163 LINDEN RD, Saint Augustine, FL 32086
**Priced to Sell at $17,000 Under Last Appraisal!** Experience the essence of coastal living in this charming St. Augustine home, with *no HOA* and located in a *non-flood zone (Zone X)*. Built with durable block construction and topped with a metal roof installed in 2016, this home offers style, durability, and peace of mind—just blocks from the Intracoastal Waterway. Step inside to find a beautifully maintained interior with modern upgrades and coastal-inspired design elements. The spacious living area features ceramic plank tile flooring, creating a seamless flow through the home's inviting spaces. The gourmet kitchen, updated in 2019, boasts quartz countertops, stainless steel appliances, and ample cabinet space. Just outside, a covered BBQ area offers the perfect setting for outdoor dining and year-round entertaining. The backyard oasis includes a sparkling poolperfect for cooling off on hot summer days. The property also features a well with a new pump for cost-effective irrigation. Outdoor enthusiasts will love the RV/Boat pad with a 30-amp outlet, a storage shed, and a large workshop. Plus, with two neighborhood boat ramps, you'll have easy access to the water for boating and fishing adventures. Located just minutes from historic downtown St. Augustine and the beautiful Atlantic beaches, 163 Linden Rd blends coastal living with urban convenience. Recent upgrades, including a new septic system and re-plumbing in 2018, make this home move-in ready. Don't miss out on this rare opportunity to own your slice of coastal paradise!
You may be able to put down less than the total down payment amount of $46,384 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: #2011902
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.