2706 S Atlantic Ave, New Smyrna Beach, FL 32169
4 beds · 4 baths · 2,418 sqft sqft
Welcome to your coastal retreat! This newly built custom home in the short term rental zone just across from the beach walkover offers many possibilities. The main home features 3 bedrooms and 2.5 baths with spacious master suite on the first level. The separate guest quarters is located above the oversized 2 car garage and features another bedroom and bath, plus a comfortable family room with kitchenette. High-end kitchen upgrades include Fulgor 6 burner gas range with pot filler and quartz island. The living room has high ceilings, electronic blinds and home theatre with surround sound. High end marble or granite counters in both kitchens and all baths. Don’t miss the amazing custom tile work and designs on back splashes and shower walls or the custom window treatments in most rooms. There’s natural gas for the salt pool and 6 person hot-tub, the tankless water heater, the dryer and the whole house generator which serves both the house and the guest apartment. There are impact windows throughout including a peekaboo oceanview in upstairs bedroom. The newly installed outdoor kitchen features a Blaze grill, gas fireplace and surround sound. Professionally landscaped with tropical palms, irrigation and lighting, the yard is surrounded by fencing with electronic gate. Check out the oversized 2 car garage with metallic epoxy flooring. There’s room for a golf cart or motorcycle in addition to 2 cars. Whole house water filtration system with reverse osmosis in the kitchen. There are 3 HVAC units. This is a Smart home with WAPs throughout the property. Furnishings and décor are negotiable. Please note that seller put approximately $200k in luxurious upgrades after purchase. Great location less than 2 miles to Flagler Avenue, this is an ideal investment opportunity offering a blend of luxury, comfort and convenience to guests and owners alike. A qualified veteran can assume the existing VA mortgage of appx $610k at 3.375%!
Source: STELLAR #ns1080544
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1080544
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: #ns1080544