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2 Fairchild Ln, Palm Coast, FL 32137

4 beds · 4 baths · 2,787 sqft

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. A Rare find! A large (almost 2,800 sq ft.) immaculate home with an OVERSIZED Pool on an OVERSIZED corner lot. It has an IN-LAW suite with its own entrance and a separate driveway. Thanks to the fully paid-off Solar panels, you can enjoy enormous energy savings: the current owner pays on average $25 each month!!! NO HOA, NO CDD, NO Short-Term-Rental Restrictions, which provides an amazing Airbnb investment potential. Approaching the house one is drawn in by the immaculate landscape and well-established palm trees, a true Florida stable and even two(!) driveways. Walking inside, you will be greeted by an abundance of natural light, vaulted ceilings, space and a perfect mix of modern luxury with a rustic feel. The open-concept design is accented by the exceptional, remodeled kitchen, with ample cabinet space, new granite countertops, all stainless steel appliances, wine rack and even a breakfast bar. Enjoy true Florida living thanks to your very own, fully screened-in, large (33' x 14') POOL - with brand new (2024) multi-colored lights! The pool has been freshly resurfaced in 2024 and comes with a newer pool pump (2020) as well as a fresh pool filter (2022). This home is perfect for luxury, living, comfort, style entertainment and relaxation in your own private oasis. The new owner can enjoy great peace of mind, thanks to numerous upgrades from recent years: new gutters (2024); new entrance doors (2024), new floors (2024) in the bedrooms, a newer roof (2018), fresh hot water tank (2020), and a comprehensive whole-house water filtration and softening system (2020) and finally a newer (2022) HVAC system with UV technology in the main building! Solar panels installed in 2020 and cost over $40,000. The home also offers its own well as well as a sprinkler system. This home offers a private entrance to a mother-in-law suite, which offers their own bedroom, bathroom and even living room making it a perfect place for your out-of-town guests or multigenerational living. Nestled in the highly desirable Palm Harbor neighborhood, this home offers convenient access to all the best attractions, shopping, and dining options Palm Coast has to offer. The charming European Village is just a 7-minute drive away, and you're only 12 minutes from the pristine beaches, where you can enjoy over 19 miles of uncrowded coastline. Palm Coast is a paradise for outdoor enthusiasts, boasting 125 miles of hiking and biking trails, 15 beautiful parks, world-class golfing and tennis facilities, as well as excellent fishing and boating opportunities. Plus, you’re just a short drive from the historic city of St. Augustine and the world-renowned Daytona Beach. Enjoy the best of Florida living in this perfect location!

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
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Details
Home
Size
2,787 sqft
Price per sq ft
$138
Lot size
0.32 acres
Year built
1987
Type
Single Family Residence

Source: STELLAR #fc303432

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Oct 08, 2024 08:25 am
Listing agent: Dominik Karnas (904) 907-0212
Listing provided courtesy of: FLORIDA HOMES REALTY & MORTGAGE (904) 996-9115
Details provided by STELLAR and may not match the public record.
MLS ID: #fc303432
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.