1703 SW 6TH AVE, Cape Coral, FL 33991
SELLER MOTIVATED AND LOOKING AT ALL REASONABLE OFFERS PRICED BELOW THE CURRENT APPRAISAL Imagine waking up each morning to the sight of a shimmering lake right outside your window, with the promise of endless boating adventures just steps away. This stunning 3-bedroom + den/office (easily convertible to a 4th bedroom), 2-bathroom home offers nearly 2,500 sq ft of luxurious living space, all centered around that breathtaking lakefront view. From the moment you walk through the door, you’ll be captivated by the expansive, open floor plan and the abundance of natural light. The heart of this home is the beautifully updated kitchen, featuring a sprawling island counter, custom cabinetry, granite countertops, stainless steel appliances, a pantry, and a cozy breakfast nook overlooking the lake and pool. Entertain in style with a formal dining area and a large family room/game room, added in 2009, offering even more stunning lake views through French doors leading to the lanai. The elegant master retreat boasts a tray ceiling, sliders to the lanai, and an updated master bath with double vanities, a striking shower, a large soaking tub, and two spacious walk-in closets. The bright and airy office/den can easily serve as a 4th bedroom, while the sizable guest bedrooms and beautiful guest bath ensure comfort for family and friends. Convenience is key with an inside laundry room and an extra-deep, OVERSIZED garage. Step outside to your own private oasis. The huge brick paver lanai features a beautiful pool with a high cage, a large covered area with a stone accent wall, and plenty of room for an outdoor kitchen. The expanded patio leads to a concrete dock with a jet ski floating dock, perfect for launching your lake adventures. Weatherly Lake connects to a chain of eight other lakes, offering endless boating and recreational opportunities. Enjoy the serenity of gorgeous sunrises and cool sunsets from your backyard, where every day feels like a vacation. This home is not just about the stunning views and luxurious amenities; it's about a lifestyle. With no HOA, you have the freedom to truly make this home your own. Whether you’re entertaining friends, enjoying family time, or simply relaxing and taking in the beauty of the lake, this home has it all. Don't miss out on this rare opportunity to own a piece of paradise. Come and experience the magic of lakefront living today!
You may be able to put down less than the total down payment amount of $154,993 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: #224051535
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.