20979 Cornell Ave, Port Charlotte, FL 33952
3 beds · 2 baths · 1,649 sqft
BEST PRICED POOL HOME IN THE AREA! FEMA X ZONE No Flood Insurance Required. Welcome to this Charming Tropical Oasis ~ a thoughtfully designed split 3-Bedroom 2 Bath POOL Home in the highly sought-after part of Port Charlotte with BRAND NEW ROOF (2023) and BRAND NEW Garage Door Opener July 2024, and NEW Laundry Tub August 2024 and fresh paint in the main living room! Enjoy the convenience and privacy of this split-bedroom floor plan, ideal for families or guests, with 3 full closets, 1 Walk In Closet, and additional storage closets! From the moment you enter, you'll love the natural light and volume ceilings. The Foyer opens to the Family Room with Wall Mount TV, and the oversized Dining Room is large enough to serve as Dining & Living Room with Decorative Fireplace. The galley Kitchen serves as the heart of this home, offers easy access to the Laundry Room, and storage areas. With Pool Views from nearly every room, you will love living in your own tropical paradise, with naturalistic gardens, Florida native plantings and a NEW Privacy Fence out back! Your Covered Lanai, large Patio Area and full Screen Enclosure will enhance the enjoyment of your outdoor living spaces. The Primary Suite offers a LARGE WALK IN CLOSET, plus TWO standard closets, Sliders to Pool area, dog door to the backyard, and private bath with Dual Sinks, Vanity counter with Mirror, Tiled Shower and Pocket Door. Both Guestrooms are partitioned from the Main Living areas, and share a Full Bathroom with access to Lanai. Other features include Fresh Exterior paint (2024) ReRoof (2023) Rescreen panels as needed in (2023) Water Heater (2019) HVAC System (2015) Septic system (2015) plus a 2 Car Garage with a BONUS GARAGE SPACE with Natural Light perfect for a WORKSHOP, Bikes, Motorcycles or Golf Cart, PLUS Exterior Service Door! This property offers a Prime Location, with NO HOA and is Situated high and dry on an X ZONE lot, so it does not require flood insurance offering peace of mind and $$$ savings. This property offers easy access to world-class fishing and boating opportunities, SunSeekers Resort, downtown Punta Gorda, as well as close proximity to Venice, fast growing North Port and I-75. Start Living the SW Florida lifestyle. Please take our 3D Tour and call for your showing today!
Source: STELLAR #d6136817
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #d6136817
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: #d6136817
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.