1841 Palm Ln, Orlando, FL 32803
3 beds · 2 baths · 2,199 sqft
Welcome to this one-of-a-kind 1952 Mid-Century pool (saltwater) home! From the moment you arrive, you’ll notice what makes this home stand out. The large lot, circular driveway—one of the few in the area—and the charming red brick exterior with a welcoming front porch all speak to its unique character. Upon entering, you’re greeted by a spacious living room filled with natural light from numerous windows, offering stunning views of the pool and tropical landscaping. The vaulted ceilings, exposed beams, wood-burning fireplace, and original decorative metalwork in the ceiling add to the room’s charm. French doors lead to a patio area overlooking the pool and decking, creating an oasis getaway with lush palms and serene surroundings. To the left of the living room is a large dining room with more views of the pool and backyard. Adjacent to the dining room is a spacious kitchen featuring new countertops, a pantry, new stainless-steel appliances, refinished original wood cabinets, tongue and groove paneling, and a built-in China cabinet. Custom woodwork throughout the home adds a touch of elegance and craftsmanship. Off the kitchen, you’ll find an oversized one-car garage with room for storage or workspace. This mid-century floorplan offers a modern feel with a split layout. The primary suite, located just off the kitchen, boasts backyard and pool views, a walk-in closet, and a well-maintained bath with original tile work and a walk-in shower. Off the living room are two additional large bedrooms with plenty of closet space and a full bath featuring 1952 tile work, wood paneling, decorative accents, and ample storage. Recent updates include a new roof (2024) with a 25-year warranty, new flooring (2024), new AC inside and outside (2024), new French doors, fresh paint inside and out, a saltwater pool and pavers (5 years old), a pool heater (5 years old), a new garage door, and new lighting. Located on a quiet dead-end street, this home is zoned for the highly desirable Audubon Park School (K-8) and Winter Park High (9-12), both A-rated schools. The quaint neighborhood is walking distance to Leu Gardens, East End Market, independently owned shops and restaurants, Palmer’s Nursery, and entertainment. The only thing missing from this home is you!
Source: STELLAR #o6247167
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247167
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: #o6247167
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.