16308 Colwood Dr, Odessa, FL 33556
4 beds · 3 baths · 2,815 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Stunning Arthur Rutenberg Home in Prestwick Village at The Eagles Welcome to this exquisite single-story Arthur Rutenberg home, nestled on a quiet street in the highly sought-after Prestwick Village within The Eagles. Boasting soaring 12-foot ceilings throughout, this 4-bedroom, 3-bathroom residence with a 3-car garage and private pool offers the perfect combination of elegance, functionality, and privacy. Set on an oversized lot that backs up to a serene pond, this home provides a peaceful retreat with breathtaking sunset views. The impressive paver driveway, framed by lush landscaping, sets the tone for the sophistication within. Step through custom double oak leaded-glass doors and be greeted by an inviting open floor plan with stunning views of the expansive and screened-in paver pool area—perfect for soaking up the Florida sunshine year-round. To the right, the formal dining room provides an ideal space for gatherings, while the spacious living room sits to the left. The spacious kitchen is open and features granite countertops, ample workspace, and a cozy breakfast nook, all seamlessly opening to the family room—perfect for both everyday living and entertaining. Designed with privacy in mind, this popular Bimini model features a triple-split floor plan. The expansive primary suite offers a generously sized ensuite bathroom with a garden tub, a large walk-in shower, and dual granite sinks. There is direct access to a huge walk-in closet off the ensuite. Bedrooms two and three are conveniently located off the kitchen, sharing a well-appointed bathroom, while the fourth bedroom at the rear of the home is adjacent to the third bathroom, which also serves as a pool bath—ideal for guests. Recent updates ensure modern convenience and efficiency, including a NEWER ROOF (2018) and AC system (2018), a new washer (2021), a pool filter and motor (2022), a pool pump (2021), and exterior paint (2018). Washer and dryer both convey with purchase. The AC system also features a new hard start capacitor and dual compressor to enhance comfort and performance. Located within The Eagles, a premier gated golf community, residents enjoy 24/7 security, two championship golf courses, a clubhouse, a playground, basketball courts, tennis and pickleball courts, and an on-site restaurant. The community hosts events at the clubhouse, festive golf cart parades for Halloween and the holiday season, and an annual garage sale. With low HOA fees of just $114/month and no CDD fees, The Eagles offers exceptional value. This home is also zoned for top-rated schools, including Mary Bryant Elementary, Farnell Middle, and Sickles High, and is just minutes from Nine Eagles Drive, Racetrack Road, Tampa International Airport, and world-renowned beaches. Don’t miss this opportunity to own a stunning home in one of Tampa’s most desirable communities—schedule your private showing today!
Source: STELLAR #TB8343602
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8343602
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.