16461 Chicopee Ave, Port Charlotte, FL 33954
3 beds · 3 baths · 2,258 sqft
"Country living on the coast." This one-of-a-kind modern farmhouse on nearly AN ACRE was custom built, then lovingly maintained and improved in one of the best locations on the west coast of Florida. Canopies of towering, mature oaks greet you as you drive down the quiet street of Chicopee, and the home itself is packed full of charm. There are 3 bedrooms and 2.5 bathrooms, as well as a flex space (formerly used as an office space) AND a huge den enclosed with French doors. The den is so large that it could also make a fantastic fourth bedroom. The primary bedroom is located on the main floor, with a custom shelved walk-in closet, an ensuite bathroom with an incredible claw foot tub, remodeled tiled shower, and dual sinks. Upstairs, there are two additional bedrooms and full remodeled bathroom. On the main floor, the living room has a beautiful fireplace, custom built-in shelving/cabinetry, and slider access to the lanai. The dining room opens into the kitchen, which has undergone a renovation. Quartz countertops, shaker cabinetry, a pot-filler faucet over a rare GAS STOVE, plantation shutters, pantry, and more. Get ready, we are now going to the outside features, where there is an expansive custom deck built from durable marine wood, backyard fencing, a newly built fire pit, TWO storage sheds, a chicken coop and chicken run, shell driveway, and more, lit up by thoughtfully placed strings of Edison lights. Picture the many happy memories to be made in this space! The chicken coop, and the mini-pig, Albert, can be included with the sale if so desired by the buyer. This property has also had many practical improvements, including impact windows for front of house (2020), brand new, top of the line a/c system (2023), a whole house dehumidifier (2023), mini-split a/c system in garage (2020), interior fans (2023), garage floor epoxy (2021), gutters (2023), landscaping and sod in backyard (2023). Roof, impact garage door, toilets, sinks, kitchen appliances, propane tank for stove, water heater, kitchen cabinets, bathroom vanities, all flooring, laundry room cabinets, outside and inside paint (2015). Clean inspection report for roof and septic available!
Source: STELLAR #c7493831
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7493831
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #c7493831
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.