Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 96
$2,688,000

25602 Grandview Pointe, Sorrento, FL 32776

5 beds · 8 baths · 7,942 sqft

This spectacular, custom-built flagship estate, meticulously crafted by the renowned MJS Designer Group for a professional athlete, exemplifies the pinnacle of luxury living and unparalleled craftsmanship. At the end of a private cul-de-sac in the esteemed Heathrow Country Estate Homes, this inspirational custom home is a testament to refined living. Embracing panoramic views of the fourth and 10th holes of the renowned Red Tail Golf Course, along with captivating water vistas and breathtaking sunsets, this setting is unparalleled. Spanning an impressive 7,942 square feet, this masterpiece offers five bedrooms and 6.2 baths, ensuring ample space and privacy for residents and guests. Stone and wood flooring grace every corner, guiding you through rooms adorned with coffered wood beam ceilings, oversized arched windows and custom-designed plantation shutters. At the heart of this estate lies a grand chef's kitchen, featuring top-tier commercial-grade appliances, including a dreamy commercial-sized gas range, also a reverse osmosis system to secure you high-quality clean water. A hidden pantry leads to a well-appointed laundry room, showcasing meticulous attention to detail that elevates everyday living. The main floor boasts a grand primary suite and an additional guest suite, epitomizing convenience and comfort. An executive custom office, complete with a discreet hideaway room that caters to the demands of modern executive living. An intimate basement wine cellar with a tasting bar and seating offers the ideal Tuscan-inspired enclave for wine connoisseurs. Take a few minutes a day to detox and relax in your own sauna. The opulence continues as you ascend to the upper levels. Whether by elevator or stairs, the second-floor hosts two grand bedrooms, an expansive open game room with a full wet bar, a theater room complete with its own bath and closet, and a guest suite that anticipates every need. A second-floor wrap-around patio that is massive in size, and with grand views of water and golf course. A gem awaits on the third floor, a constellation room, ideal as an art studio or private sanctuary, limited only by your imagination. Luxury extends outdoors with over 4,000 square feet of covered patio space, featuring a full outdoor kitchen, gas fireplace, cascading waterfalls, and a tranquil infinity pool and spa. The exterior is a symphony of architectural grandeur, while the interior seamlessly marries elegance with functionality. Your private oasis sprawls across more than half an acre of meticulously landscaped grounds, providing ample space for relaxation and recreation. Electric car charger included, as well as owned solar panels, and a tankless energy efficient water heater ensures a continuous supply of hot water throughout the home. This property stands as a singular marvel, where architectural prowess and natural beauty unite in harmony. This flagship home gave the inspiration to name the street Grandview. With the completion of the 429 expressway that is less than 2 miles from the front and back security gate allows access anywhere around the Orlando area quickly and stress-free. All amenities are close by, and the community is between the quaint city of Mount Dora, and the Lake Mary area. Country living minutes from the city.

Estimated
Seller's interest rate
2.5%
7%
Estimated
Principal & interest
$5,470/mo.
$8,758
You may also save up to $1,032,601 in total interest paid.
Listing price
$2,688,000

Your cash down payment
$1,428,209
Seller’s estimated current equity is $1,428,209
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $5,470 monthly payment

Financed
$1,259,790
Assumed mortgage 2.5% • Seller's rate
$1,259,790
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
7,942 sqft
Lot size
0.51 acres
Year built
2009
Type
Single Family Residence

Source: STELLAR #o6245898

Loan
Remaining term
26 years, 2 months
Rate
2.5%
Monthly P&I
$5,470
Remaining loan balance
$1,259,790

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 30, 2024 09:49 am
Listing agent: Deborah Brunton (321) 277-9628
Listing provided courtesy of: PREMIER SOTHEBYS INT'L REALTY (407) 333-1900
Details provided by STELLAR and may not match the public record.
MLS ID: #o6245898
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$5,470/mo
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