2549 Cannolot Blvd, Port Charlotte, FL 33948
3 beds · 2 baths · 1,590 sqft
Under contract-accepting backup offers. Nestled on the tranquil Auburn Waterway, this waterfront home is a boater's dream and a fisherman's paradise. Offering direct access to the Gulf of Mexico, this property is situated along a saltwater canal, making it the ideal location for those who crave adventure on the water. With just three fixed bridges and approximately 30 minutes separating you from the expansive waters of Charlotte Harbor, Peace River, and the Myakka River, the possibilities for exploration and fishing are endless. The property comes equipped with a private boat dock featuring an electric 7,000 lb 20 AMP boat lift and a 120 AMP power source, ensuring that your boat is always ready for your next outing. Step inside this bright and open home, where the living room, dining area, and kitchen seamlessly flow together, creating a spacious and inviting environment. The open-concept layout allows for easy access to the screened lanai through sliding glass doors, making it perfect for indoor-outdoor living. Updated in 2021, the space boasts lighting with ceiling fans and tasteful wall molding, adding both style and functionality. The home also features a cozy family room with its own sliding door leading to the screened lanai and pool. The primary bedroom provides both comfort and space, complemented by an ensuite bathroom featuring a vanity upgraded in 2023. The two additional bedrooms are equally spacious and filled with natural light, ensuring a comfortable living experience for all. The true highlight of this property is the expansive screened lanai, complete with a heated pool finished with Pebble Tec and hot tub, offering indoor-outdoor living perfect for enjoying the Florida lifestyle year-round. The converted garage space, equipped with heating and cooling, offers versatile usage options and can easily be reverted to its original garage function. The home itself is filled with significant upgrades and features that enhance both its comfort and functionality. A Siemens electric panel was installed in 2021, ensuring modern electrical efficiency, while laminate flooring added in 2022 gives the home a fresh, contemporary feel. The interior was painted in 2023, offering a crisp and clean ambiance throughout. Practical improvements include a new hot water heater installed in 2020, double-pane windows for energy efficiency, and updated plumbing in the primary bathroom in 2024, and a new roof. The exterior of the home is equally impressive, with a fully fenced backyard that offers privacy and security, a hot tub for ultimate relaxation, and a pool with a new heater and pump installed in 2022. The sundeck, resurfaced in 2021, provides the perfect spot to soak up the Florida sunshine. Conveniently located just 2 miles from Port Charlotte Town Center, a variety of shops and restaurants are easily accessible. Schools are within 3 miles, making this an ideal home for families, and the Sarasota Memorial ER, a part of Sarasota Memorial Hospital at North Port is approximately 5 miles away, ensuring peace of mind. Whether you’re looking to embark on a boating adventure, catch fresh snook and mangrove snapper from your private dock, or simply enjoy a morning coffee on the sundeck surrounded by mango, banana, and macadamia nut trees, this home offers the perfect blend of tranquility and convenience. Don’t miss the chance to own this unique waterfront oasis, where every day feels like a vacation.
Source: STELLAR #n6134136
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #n6134136
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.