3100 Gerber Dairy Rd, Winter Haven, FL 33880
5 beds · 3 baths · 2,318 sqft
SITTING ON THE FENCE? This home is below market value based on a recently sold home in the neighborhood. Welcome to your slice of country paradise! This wonderful home offers serene country living with modern comforts and ample space for your family and furry friends. Bring your horses and farm animals to this expansive property where the possibilities are endless. This spacious home boasts over 3000 sqft of living space and features a versatile layout perfect for accommodating various living arrangements. With NO HOA restrictions, you have the freedom to customize this property to suit your needs. Whether you desire a 5-bedroom, 3-bathroom home or prefer a 3-bedroom, 2-bathroom main dwelling with a separate 2-bedroom, 1-bathroom mother-in-law suite, the choice is yours. Numerous updates have been made to enhance the functionality and appeal of this charming residence. Step outside to discover extensive landscaping surrounding the house, providing a tranquil setting for outdoor enjoyment. The front lawn area is equipped with new piping for a front well that is used for irrigation (in need of repair) on a separate circuit breaker, offering convenience and potential for further improvement. Additional features include an outside electric plug for a generator, perfect for added peace of mind during power outages. As well, a circuit breaker and power pole has been installed for a backyard pool. A NEW METAL ROOF installed in 2018 ensures durability and longevity, while new trees contribute to the property's natural beauty. Inside, updates such as a NEW Water Heater (2021), NEW A/C (2022) on the main side and NEW exterior doors (2022) all around ensure comfort and efficiency year-round. The house is serviced by well water, with a NEW water Filtration system and R/O element installed under the main sink in 2021, providing clean and refreshing water for your household needs. Enjoy the convenience of NEW exterior and interior paint (2020) and NEW water-resistant wood flooring (2022), adding a touch of modern elegance to the home's aesthetic. Outdoor amenities include a spacious 16x28ft back porch area, perfect for entertaining or simply relaxing amidst the tranquil surroundings. Although the flat roof has been stripped and resurfaced, it may still experience leaks during heavy rains. However, the potential for outdoor enjoyment is limitless with the addition of a gate entrance and fencing to the rear area in 2020. The in-law suite offers a private entrance and the opportunity for parents or rental opportunities. Septic has 2 pumps and a double tank and was pumped in 2022, ensuring proper functionality. Don't miss this unique opportunity to own your piece of country paradise! Schedule a showing today with pre-approval in hand and start envisioning the endless possibilities of this property. The dishwasher top rack does not clean properly --manufacture defect. The seller is willing to contribute $500 towards a new dishwasher. The Outside shed took on storm damage. Will give a $2500 credit. The riding lawnmower with 54" deck and 3 sets of blades (only 3 years old and just has a full service) is negotiable.
Source: STELLAR #p4929551
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4929551
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: #p4929551
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