252 Majorca Rd, Saint Augustine, FL 32080
3 beds · 2 baths · 1,404 sqft sqft
Amazing MARSH VIEWS at 252 Majorca Rd! NEVER FLOODED! This 2017 manufactured home is a slice of beachy paradise, featuring 3 bedrooms, each with a walk-in closet. This residence invites you to review its extensive feature list that showcases its exceptional attributes. Available documentation includes a features sheet, seller's disclosure, survey, elevation certificate, floor plan, and a map of how to access the beach! To gain access, please contact us or your real estate professional. Set against serene marshlands, imagine starting your days with breathtaking sunrises over Frank Butler County Park West and its vibrant nature preserve. The local fauna enhances the area's charm, while high tide provides perfect opportunities for paddleboarding and kayaking directly from your backyard. As dusk falls, the skies transform into a spectacle of colors, setting a picturesque scene each evening. This private retreat offers more than just a homeit promises a lifestyle. With a community beach walkover, you have direct access to the unspoiled sands of Butler Beach. Enjoy close proximity to excellent dining at places like Back 40 A1A, Violas, and Elkhouse Eatery, all ideal for relaxed outings. The community's voluntary HOA enhances this idyllic setting, making it a charming place to live or an attractive option for a profitable vacation rental. Elevated at 10.5 feet above Sea Level, the home ensures safety from the elements and boasts a well-built structure with a spacious interior, a screened porch, a fire pit, and a deck overlooking the marsh, encapsulating the ultimate coastal lifestyle. Don't miss out on owning this delightful coastal property!
Source: REALMLS #1252269
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #1252269
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.
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: #1252269
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