3016 Lake Butler Ct, Cape Coral, FL 33909
6 beds · 5 baths · 3,466 sqft sqft
***STOP SCROLLING!*** This is THE ONE! No Hurricane Damage Here! NOT IN A FLOOD ZONE! Experience luxury living in this sprawling 6-bedroom, 5-bathroom estate nestled within the exclusive gated community of Coral Lakes in vibrant Cape Coral, Florida. Spanning over 3400 sq ft of meticulously designed space with 3 master suites and a Jack and Jill bedroom/bathroom combo, this home boasts an array of upgrades and amenities tailored to elevate your lifestyle. For added savings this is NOT is a flood zone and includes a 1-year Home Warranty! Upon entering the grand foyer, you're greeted by soaring ceilings that create an immediate sense of spaciousness and warmth. The heart of this residence, a beautifully crafted kitchen, showcases UPDATED CABINETRY, high-end appliances, and a CUSTOM ISLAND COVERED WITH GORGEOUS GRANITE, perfect for culinary enthusiasts. Flowing seamlessly from the kitchen is a spacious open living area, complemented by a formal dining room, ideal for hosting gatherings and entertaining guests. The first floor features a private bedroom and bathroom, offering both convenience and privacy. Tray ceilings and crown molding throughout the main living areas add a touch of elegance, while a blend of tile and hardwood floors enhances both style and durability. Step outside to indulge in the quintessential Florida lifestyle with your own private pool overlooking a serene lake view, surrounded by an expansive lanai perfect for alfresco dining and relaxation. This home not only provides unparalleled comfort and style but also offers the security and exclusivity of Coral Lakes' coveted gated community. Recent updates, including a NEW TILE ROOF and newly replaced lanai screens, which further enhance the property's appeal and value. With its impressive size, abundant upgrades, and prime location, this property represents a rare opportunity to enjoy luxurious living at an exceptional value. Don't miss out—schedule your showing today and envision yourself embracing the finest in Florida living in this exceptional Coral Lakes home.
Source: FORTMYERS #224059155
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224059155
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #224059155
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.