244 ADELAIDE ST, Debary, FL 32713
WELCOME HOME to 244 Adelaide St. Reduced Price. Great Opportunity to own this beautiful home. If you are looking for a low maintenance home, then look no further. Sitting on the 13th hole of Glen Abbey golf course, this brick home has leaf guards on gutters (2021) roof replaced, (2022) attic insulation (2022), two HVAC units (2023), completely refurbished inground pool and spa (2024), pool pump (2024), plus refurbished deck with 4 new ceiling fans (2024) to stay cool during those hot times outside. Fireplaces and dryer vents cleaned (2024). All the big-ticket items have been replaced. This is a well-maintained home, needs no updates, unless you want changes. Although not an open concept home, as you walk in, the spiral staircase, marble floors, with the glass chandelier are beautiful and make you think of a colonial home. Downstairs is a separate room for an office, library or kids’ playroom with wood floors. Large living room has an amazing, raised rock fireplace that goes up to the 13 ft ceilings with two double doors leading to the patio. Kitchen is unique with a double oven, lots of storage space and room for a breakfast table. The dining room is large enough for a table, buffet and China cabinet also with wood floors. There is a large panty and laundry room with storage galore. Spacious 3 car garage (2 cars and a golf cart), plus extended work area with window a/c for those hot summer days. Storage shed out back of house for those seasonal items and extra lawn supplies. Irrigation system for yard. Backyard is fenced for your fur babies. There are doggie doors that can be replaced, if not needed, by sellers. The master bedroom downstairs has a fireplace, with an ensuite. Nice garden tub and separate shower in the ensuite. Plus, there are double doors to the patio. Upstairs there are 3 bedrooms. One bedroom has an ensuite with shower. Closets have built- ins. The other two bedrooms are divided (Jack and Jill) and share a bathroom with a garden tub/shower. Come see this move in ready stellar home and make it your own.
You may be able to put down less than the total down payment amount of $268,824 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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: #o6221555
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.