376 Chelsea Place Ave, Ormond Beach, FL 32174
4 beds · 3 baths · 2,534 sqft
Nestled in a serene cul-de-sac in the highly desirable Chelsea Place subdivision, this stunning 4-bedroom, 3-bathroom home offers everything you need for a comfortable and stylish lifestyle. With a BRAND NEW ROOF and immaculate finishes, this home is ready to welcome you! Being one of the only homes with water views and no rear neighbors, LOCATION, LOCATIO, LOCATION! The moment you step inside, you’ll be captivated by the soaring vaulted ceilings, accentuated with beautiful wood beams, creating a warm and inviting atmosphere throughout the spacious living areas. Living / Kitchen / Dining combo .. what more do you need to create that true home feeling? The Master Suite is quite the size for a King / Queen. En suite master bathroom offers dual closets, dual vanities, soaking tub, walk in shower and so much room for you to unwind. Bedrooms 2/3 embody the split floorplan spirits. Bedroom 4 or family loft resides upstairs. Full bathroom, abundance of closet/storage space & a 23 x 20 ft room to accommodate so much. Enjoy peace and privacy in your fully screened-in patio, overlooking a lush, green space with no rear neighbors and purchased as a premium lot! Upgrades of an outdoor kitchen has been done as well. Whether you're enjoying morning coffee or hosting an evening gathering, this outdoor retreat offers the perfect place to relax and unwind in complete serenity. The home's layout is thoughtfully designed, providing ample space for the whole family, with generous bedrooms and bathrooms that cater to your every need. Chelsea Place community offers an exceptional quality of life with its wide range of community amenities. Residents have access to a well-maintained playground, resort style beach entry swimming pool, clubhouse and more perfect for kiddos and families. The gated entrance ensures privacy and security for the entire neighborhood, providing peace of mind. The community’s prime location allows for easy access to Ormond Beach’s beautiful, historic coastline, as well as excellent local shopping, dining, and top-rated schools. This is a rare opportunity to own a beautiful home in a highly sought-after community. Whether you're looking for a peaceful retreat or a place to entertain, 376 Chelsea Place Avenue offers it all. Don't wait—schedule your showing today and make this incredible home yours before it's gone!
Source: STELLAR #V4941447
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #V4941447
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.