2585 SHAMROCK ST, Tavares, FL 32778
Seller offering up to 10k towards buyers closing costs. Welcome to Tavares, America’s Seaplane City! Less than an hour from the attractions of Orlando, Tavares offers a completely unique taste of Central Florida. Nestled in the charming Avalon Park community, this stunning 4-bedroom, 2.5-bathroom home, built in 2022, provides modern living in a family-friendly setting. The DR Horton Elston model boasts all-concrete block construction, combining style and durability. As you step inside, you’ll be greeted by an inviting foyer leading to a spacious, open-concept kitchen and great room—perfect for both relaxing and entertaining. The kitchen features a large island with bar seating, stainless steel appliances, ample cabinet space, and a walk-in pantry. The great room offers flexibility to create your perfect living area. The first floor also includes extra storage space and a convenient powder room. Upstairs, the cozy loft area is ideal for a second living space or home office. The primary suite offers a spacious walk-in closet and an ensuite bathroom with double vanities. Three additional bedrooms share a full bathroom, providing plenty of space for family or guests. The second-floor laundry room adds to the home's convenience. Step outside and enjoy Avalon Park’s top-notch amenities, including a resort-style pool with cabanas and scenic views of Lake Hermosa. The home also features the Home is Connected smart technology package, allowing you to control your home from anywhere. Beyond the home, Downtown Tavares offers a lively entertainment district with bars, restaurants, and music venues. Explore Wooton Park, home to the Tavares Seaplane Base, Splash Park, and over 16 major community events each year. Whether you’re seeking outdoor adventures like seaplane rides, ghost tours, or fishing on local lakes, or prefer more laid-back activities like visiting garden shops, pet boutiques, or bowling, Tavares has something for everyone!
You may be able to put down less than the total down payment amount of $72,661 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: #g5086805