262 Servia Dr, Saint Johns, FL 32259
3 beds · 3 baths · 1,795 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming End-Unit Townhome with Immediate Income Potential in Palisades at Durbin Crossing!! Welcome to 262 Servia Drive, a beautifully maintained end-unit townhome nestled in the highly sought-after Palisades at Durbin Crossing community. This 3-bedroom, 2.5-bathroom residence offers 1,795 sq. ft. of comfortable living space with pond views, making it an ideal choice for homeowners and investors alike. Key Features: Spacious Layout: Enjoy an open-concept floor plan that seamlessly connects the living, dining, and kitchen areas, perfect for entertaining and everyday living. Modern Kitchen: The well-appointed kitchen features sleek countertops, ample cabinetry, and contemporary appliances to cater to all your culinary needs. Private Outdoor Space: As an end-unit, benefit from additional privacy and outdoor space, pond view, ideal for relaxation or outdoor activities. Community Amenities: Residents have access to Durbin Crossing's resort-style amenities, including two pools, waterslides, tennis and basketball courts, fitness centers, playgrounds, and a dog park. Top-Rated Schools: Located within the St. Johns County School District, renowned for its A-rated schools, ensuring excellent educational opportunities. Investment Opportunity: This property is currently tenant-occupied through May 1st, 2025, providing an immediate income stream for investors or flexibility for future homeowners not ready to move in immediately. Prime Location: Situated in St. Johns, FL, this townhome offers convenient access to major highways, shopping centers, dining establishments, and entertainment options. Enjoy proximity to the Durbin Pavilion Shopping Center and easy commutes to both Jacksonville and St. Augustine. Don't miss out on this exceptional opportunity to own a versatile property in one of Florida's most desirable communities. Schedule your private showing today!
Source: REALMLS #2077860
Source: REALMLS #2077860
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.
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