21434 Preservation Dr, Land O Lakes, FL 34638
4 beds · 3 baths · 2,389 sqft
Welcome to this beautiful, well-maintained 4-bedroom, 3-bathroom, 3-car garage pool home located in the desirable gated community of the Preserve at Lake Thomas in Land O Lakes. This 2,389-square-foot home is a must-see, offering a perfect blend of comfort and style. As you arrive, the welcoming front porch greets you warmly. Upon entering the home, your eyes are drawn to the conservation views through the sliders, showcasing the lush landscaping of the wetlands and lagoon just beyond the screened lanai. The versatile floor plan begins with a sitting room or den to the right and a formal dining room conveniently connected to the kitchen via a butler’s pantry featuring granite countertop and elegant glass-front shelving. The spacious kitchen boasts ample counter space, a raised breakfast bar, a closet pantry, a full appliance package, and both a dinette and eat-in breakfast nook. Open to the family room, the kitchen is ideal for entertaining, with sliders leading out to the screened lanai and pool area, where you can enjoy tranquil conservation views. The saltwater, heated pool and spa provide a private oasis for relaxation. The bright and airy master suite, located to the left of the home, offers direct access to the lanai. The en suite bathroom features a walk-in closet, Corian countertops, wood cabinets, dual sinks, a garden tub, and a separate walk-in shower. Ceramic tile flooring enhances the main living areas, while luxury vinyl plank adds warmth to the bedrooms. The secondary bedrooms are thoughtfully placed for added privacy and are conveniently located near the second and third full bathrooms. Recent updates include a new roof in 2021 and a new HVAC system in 2022. This home is hurricane-ready with a generator, transfer box, and shutters and neither the home nor the community experienced power outages or damage during Hurricanes Helene and Milton. The Preserve at Lake Thomas is a lakefront, gated community offering residents access to a boardwalk and gazebo overlooking tranquil Lake Thomas, perfect for fishing, kayaking, or paddle boarding. Conveniently located near US Highway 41, the Veterans Expressway, Suncoast Parkway, and I-75, this home is just a short drive to Tampa International Airport, downtown Tampa, the Ice Complex, shopping at Premium Outlets and Wiregrass Mall, dining, golf courses, and more. Schedule your private tour today to experience this exceptional home and community firsthand!
Source: STELLAR #tb8325743
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8325743
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: #tb8325743
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.