21654 Draycott Way, Land O Lakes, FL 34637
5 beds · 4 baths · 3,875 sqft
Extraordinary Beach Entry POOL and SPA DREAM HOME mansion nestled on a lush .37 acre conservation culdesac lot in the GATED Lakewood Retreat subdivision in the heart of the AWARD WINNING WILDERNESS LAKE PRESERVE, featuring rare privacy with a pond view in front and no neighboring home on the southern side and nothing but wildlife preserve beyond the expansive backyard! Picturesque curb appeal with an oversized brick paver driveway and beautiful landscaping combined with stunning architecture! BRAND NEW ROOF to be installed APRIL 7th. This Amazing home has the grandeur and comfortable living you’ve been waiting for featuring 5 Bedrooms, 4 FULL Bathrooms including a POOL BATH, PLUS tri-level Home Theater Room, PLUS a BONUS Room that could be used as a home gym, PODCAST STUDIO, or simply a storage room. The luxurious Primary suite is situated on the 1st floor with sweeping views of the tropical oasis pool deck and wildlife preserve beyond. It includes a huge bedchamber, large walk-in closets and a complete ensuite with dual vanities, garden tub, water closet and sunken shower. A secondary suite is located on the opposite side of the house with its own ensuite perfect. A dazzling gourmet kitchen is at the heart with glistening quartz countertops, gas stovetop, 42 inch wood cabinets, expansive breakfast bar, stainless steel appliances, built-in wall oven and dining nook. Stylish design throughout including soaring coffered ceilings, crown molding, hand-scraped wood flooring, porcelain tiles, towering fireplace and an elegant formal living and dining room. Solid systems run this MARVELOUS HOME, three PRISTINE TRANE Air Conditioners, water treatment, whole house-in-wall vacuum, upgraded water heater, NEW ROOF and more! The office could be used as a 5th bedroom. The 2nd story has the BONUS Storage Room, Movie Theater Room, Loft Recreation Room, Bedroom and full bathroom. Epic outdoor living with a huge, covered lanai opening to an enormous screen enclosed pool deck with views of the perfectly manicured backyard lawn and Wildlife Preserve. Nearly 4000 Square Feet of Luxurious Living and an ultra rare .37 acre ultra private homesite! WLP is set within a preserve. The Clubhouse Recreation Center is a timber lodge lakeside complex with a lake fishing dock and also kayaks and canoes for residents. A world class fitness center looks out over the lake and Lagoon Resort Pool, it even has a whole line of Petaton Bikes and a huge, well-equipped gym including locker rooms with his/hers cedar saunas. The Water Park features a lakeside lagoon pool that also borders a butterfly garden, HUGE outdoor heated SPA and Olympic Sized heated lap pool, plus charcoal barbeques and gazebos. Bleacher seating, remote control ball machine and night lights at the world-class tennis and pickleball courts. An Epic three story high treehouse playground set amidst tall oaks. There is also a Movie Theater and library of all the blockbuster movies perfect for rainy days. And there is so much more: a party room, picnic room, Nature Center home to little critters, basketball court, sand-volleyball court and multiple parks and playgrounds. A main lodge room with free coffee, full-time 7 day a week staff and planned events! Land O’Lakes is well known for its rural hometown feel, excellent schools, great recreation facilities, 30-minute commute to Tampa and low crime. This is truly the perfect dream home in the perfect community! Better buy it before someone else does!
Source: STELLAR #TB8366924
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8366924
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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