2800 S ELSTON DR, Deltona, FL 32738
Welcome to your DREAM LAKEFRONT RETREAT! Situated on a spacious 0.86-acre DOUBLE LOT, this stunning Executive Lakehouse with a HEATED SALTWATER POOL home offers the perfect blend of luxury, comfort, and convenience. Whether you're seeking a PRIVATE AND PEACEFUL GETAWAY or a PROFITABLE INCOME MACHINE, this property offers it all. Consider splitting the double lot and building a guest home next door! Outdoor enthusiasts will delight in the captivating features of this home and the ability to park multiple RVs, Boats, and recreational vehicles in a nicely fenced-in portion of the side-yard. Imagine LOUNGING POOLSIDE overlooking the beautiful lake, surrounded by lush landscape and scenic views. Entertain your guests in style with the CUSTOME BBQ AREA or unwind in the charming gazebo overlooking the lake and abundant wildlife. Step inside and discover the many upgrades and modern amenities offered here. Attractive and resilient luxury vinyl floors flow throughout, complemented by EXOTIC GRANITE accents and CUSTOM CLOSETS. No wire shelving here! Natural light floods the open layout, highlighting the incredible kitchen equipped with high-end stainless-steel appliances, a propane stove, and a designer backsplash. The owner's suite is a true oasis, boasting an en-suite bathroom with double sinks, a walk-in shower, and two CUSTOME WALK-IN CLOSETS. Three more spacious bedrooms offer versatility and comfort for all. The fourth bedroom would also make a fantastic office or flex room! Energy-saving solar features, including SOLAR ROOF PANELS to lower your power bills, SOLAR TUBES to add more natural light, and a SOLAR POOL HEATING SYSTEM to lengthen the swim season, ensure eco-friendly living year-round and vastly REDUCED UTILITY COSTS. The VINYL-FENCED property provides TONS OF PRIVACY AND SECURITY, while the WHOLE-HOUSE GENERATOR guarantees uninterrupted comfort during storms. This home offers the ultimate Florida lifestyle, located a short drive from the BEAUTIFUL ATLANTIC BEACHES and many of the ORLANDO AREA THEME PARKS. With NO HOA restrictions, it presents a LUCRATIVE OPPORTUNITY to generate a huge bit of income from short-term rentals (AIRBNB) guests, currently boasting 100+ 5-star guest reviews. Don't miss your chance to own this LUXURIOUS LAKEFRONT RETREAT. Call today to schedule your private tour and experience this home for yourself!
You may be able to put down less than the total down payment amount of $281,113 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: #o6194188