17429 Cobblestone Ln, Clermont, FL 34711
4 beds · 3 baths · 3,674 sqft
Ideally located in the sought-after 24/7 GUARD GATED LAKEFRONT COMMUNITY of MAGNOLIA POINTE and behind a secondary gated division within the community for added exclusivity, this stunning custom home has 4-bedrooms and 3-bathrooms with an abundance of curb appeal. Sitting on a HALF-ACRE lot, the property has an enviable FENCED-IN LANDSCAPED YARD and PRIVATE SIZABLE OASIS OUTDOOR AREA with newly re-surfaced POOL and OUTDOOR KITCHEN as well as an air-conditioned CABANA. Upon arrival, an impressive entryway with double front doors opens to a welcoming foyer which allows for plenty of natural light to flood into the residence. The floorplan is well designed lending itself to a spacious feel whilst providing plenty of functional, relaxing as well as entertainment areas. To the left of the foyer is the home office (or bedroom), with custom cabinetry (including an in-built Murphy bed), wood floor and feature tray ceiling. Straight ahead is the great room with stunning gas fireplace, wet bar area and glass sliding doors framing picture perfect views of the pool area. The formal dining area with accented tray ceiling has beautiful views over the yard. At the heart of the home is a chef’s dream GOURMET KITCHEN with high-end stainless-steel appliances, heating drawer, ample cabinetry & workspaces. The sprawling central island has COUNTERTOP SEATING and opens-up to a well-proportioned family room with NEWLY UPGRADED focal tv & contemporary fireplace. The primary suite also overlooks the pool area and has a sitting area with separate patio access. This owner retreat is an expansive space with large dual entrance walk-in closet and full ensuite bathroom featuring separate vanities, a walk-in shower and whirlpool tub. There are two well-appointed bedrooms with wood floors and sizeable closet spaces. Upstairs the BONUS ROOM is a versatile space which can function as a home theater, entertainment space, dedicated playroom or even a 5th bedroom. The laundry room is generously sized and leads to the 3-CAR GARAGE with side entry and ample DRIVEWAY SPACE for cars and even your boats/jet skis to use in nearby JOHN’S LAKE. Enjoy Florida living at its finest under the covered lanai with plentiful lounge/dining space or cool down with a swim in the screened-in SPARKLING POOL (also has a pool heater). In addition to the covered full outdoor kitchen with high top seating is the CABANA which also provides a secondary living air-conditioned FLEX SPACE with a private screened-in patio area – ideal as a gym or home office! Recent notable UPGRADES INCLUDE: roof (2016), 2 new Trane HVAC units and ducting (2022), new pool heater (2022), new induction stovetop (2023), new exterior painting (2024), new pool resurfacing and tile work (2024), pool filter system (2024). With a sprinkler system, 2 ring cameras, smart lighting and set up with a security system, this property has it all! MAGNOLIA POINTE community amenities include a boat ramp to John’s Lake, fishing pier, lighted tennis/basketball courts and playground. In close proximity to major highways, Orlando International Airport, local shopping & malls and entertainment from theme parks to nature trails and golf courses, don’t miss out on this exquisite gem, BOOK YOUR VIEWING TODAY!
Source: STELLAR #O6259208
Financials
Source: STELLAR #O6259208
Source: Public records
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%. 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.
Other resourcesWhat 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.
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