418 Riggs Cir, Davenport, FL 33897
5 beds · 3 baths · 2,269 sqft
Under contract-accepting backup offers. Discover luxury living with this meticulously upgraded 5-bedroom, 3-bathroom energy-efficient home in the heart of the popular sought-after “Four Corners” area of Davenport, Florida. With over $120,000 in recent improvements, this residence offers unparalleled comfort & convenience, making it a dream for any buyer or investor. The open floor plan is perfect for entertaining & family gatherings. While out back you can enjoy your very own private oasis with a screened-in pool area surrounded by tall privacy trees & a fence. The backyard features 31 Areca Palms creating pool privacy & fruit trees including Lemon, Mango, Key Lime, & Mandarin Oranges. The front yard is enhanced with tropical landscaping, up lights, St. Augustine sod, & a well-maintained sprinkler system. In Oct 2019, a new 5-ton variable-speed AC with a carbon electrical charged filter & UV air sanitizer was added. The attic was insulated with 14 inches of R-28 insulation & equipped with two solar-powered attic ventilation fans for energy efficiency. All new doors & windows were added as of Jan 2019 with a 30-year warranty, impact resistance, heat shield, & tint. The entire house features ceramic tile downstairs & laminate flooring in the 3 bedrooms upstairs. Four of the bedrooms were upgraded with new remote-controlled Fanamation fans with adjustable lighting. A new large 6-speed Fanamation fan was also installed in the Living Room. The Kitchen was upgraded with a Frigidaire appliance set including a new microwave & garbage disposal. The large master Bedroom also has a spacious en suite bathroom, walk-in shower, & garden tub. The downstairs Master bedroom has sliding doors leading to the pool. And, it has its own energy-saving heating & cooling system by Diamond Air for optimal temp control in sleeping conditions within the master suite. The 2-car garage features smart technology including remote access for package deliveries & a garage camera system. This dream home also provides the perfect work-from-home opportunity with fiber optic high-speed internet. The home includes an updated Vivint smart home security panel with (3) smart door locks, a smart video doorbell & a host of specialty system functions & numerous door codes for family members & visitors. A Nest smart home thermostat keeps your home comfortable while you are home & with smartphone geofencing will automatically adjust your thermostat to your desired away temperature. 7 Google Nest cameras will capture all activity within your property on all four sides of the home with cloud storage for playback or saving clips of activity. The 2 front-facing cameras include facial recognition. A new roof was installed in 2018, complemented by 62 solar panels (100 kW system) resulting in very minimal energy grid costs. The built-in Taexx in-wall pest control system ensures pest-free living. The prime location is conveniently close to major roads, highways, & Interstate I-4, offering easy access to entertainment, shopping, restaurants, & commuting routes, & sitting high up at 190 feet in elevation, this home’s location gives buyers peace of mind. In addition to being an amazing family home, this property is ideally located for short-term rental opportunities. With its proximity to the popular Florida theme parks, & especially being less than 20 minutes from Disney property, it presents an excellent investment opportunity for those looking to capitalize on the thriving vacation rental market in Central Florida.
Source: STELLAR #o6218120
Source: STELLAR #o6218120
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: #o6218120
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.