19333 Leonard Rd, Lutz, FL 33558
5 beds · 5 baths · 3,976 sqft sqft
One or more photo(s) has been virtually staged. Discover luxury living in this nearly new 2020-built 2-story M/I Home, the Calcutta model. With 5 bedrooms, 4.5 bathrooms, a bonus room, and a 3-car garage, this stunning residence offers just under 4,000 sq.ft of sophisticated living space on a unique conservation lot with no rear or front neighbors, all located in the desirable Preserve at Long Lake Ranch. This home greets you with a charming pavered drive, exterior stone accents, window shutters, roof corbels, and a quaint front porch. Welcoming you inside is a grand 2-story entryway with wooden staircase and elegant plant tile floors flowing throughout the open living areas. At the heart of this home is a chef’s dream kitchen, featuring a massive island with a breakfast bar, 42” wood cabinetry with crown molding, stainless steel appliances, stainless hood, double wall ovens, glass tile backsplash, coffee bar, walk-in pantry, and an eating space that overlooks the living room and backyard. The cozy living room includes a built-in electric fireplace, custom wood shelving, and views of the lanai and rear yard. A formal dining and living room provide a perfect setting for gatherings and special occasions. The downstairs guest suite or office is conveniently located next to a full bath for added privacy. The downstairs laundry room includes built-in storage cabinetry and a stainless sink. There’s plenty of closet space and under-stair storage throughout the home. Upstairs, the primary suite is a true retreat, measuring 19ft x 19ft, with an en-suite bath that features dual vanities, a soaking tub, a tiled glass shower, and two full walk-in closets. The upper level also includes three guest bedrooms, one with an en-suite bath, and a bonus room. Step outside to enjoy your covered lanai, which overlooks a fully fenced yard, community conservation area, and lake. The Preserve at Long Lake Ranch amenities include a beautiful pool located just two houses down the street, along with a basketball court, tennis court, playground, walking paths, and fishing dock overlooking the picturesque lake. This home comes with a clean 4-point inspection, ensuring it's ready for you to move in. Conveniently located, don’t miss your chance to own this exquisite property in a prime location. Call today for your private showing!
Source: STELLAR #t3538714
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3538714
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: #t3538714
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.