1948 Spruce Creek Lndg, Port Orange, FL 32128
5 beds · 4 baths · 3,787 sqft sqft
Welcome to 1948 Spruce Creek Landing, a stunning estate nestled in the esteemed, 24-hour gated Spruce Creek Fly-In, a Florida coastal aviation community that redefines luxury living. From the moment you walk in, the high vaulted ceilings create an airy and spacious ambiance, making the home feel even more expansive. Inside is filled with custom features, from the sleek and charming modern fireplace, designer cabinetry, showers, vanities, sinks, water & lighting fixtures, to tailor-made built-ins and venetian plaster accents. Showcasing a 156" HD projection TV for a truly immersive cinematic experience from the comforts of home. Large master bath suite complete with Full Wet Room featuring a Large Soaking Tub & Multi-spray shower system is complimented well by the smart bidet/toilet. Boasting over 6,000 sqft this residence, with 3,787 sqft under air, is one of the largest in the area and features a coveted, fully air-conditioned RV garage—a rare find in this subdivision—complete with a workshop and 2-tier loft storage space. Constructed with solid concrete block, adorned with a stucco and brick exterior, this home is built to impress. Step outside to your private oasis, featuring a screened-in pool and a spacious shaded outdoor entertainment area. An outdoor fire pit, complete with a built-in blower, guarantees cozy gatherings under the stars. Plus, the owned solar electric system ensures economical and eco-friendly living to assist with modern energy demands. Residents of this exclusive neighborhood can indulge in a plethora of activities and amenities, including access to private airports & hangers, 14 miles of biking and hiking trails, limousine services, tennis courts, and 36 hole golf course. The community comes alive with parades, parties, and celebrations, ensuring there's never a dull moment at Spruce Creek Fly-In. This home is a true masterpiece, blending coastal elegance, functionality, and a vibrant community lifestyle.
Source: STELLAR #ns1082504
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082504
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.
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: #ns1082504
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.