4197 GLADE WOOD LOOP, New Port Richey, FL 34655
Unique Opportunity! With the Sellers embarking on their next adventure, this home is poised for it's new owner to experience the lifestyle of their dreams. Nestled within the sought-after Woodlands at Longleaf, and embraced by the quaint Starkey Ranch Community, this exquisite residence was crafted in 2020 by WestBay. The Key West I model exudes sophistication and charm. This sprawling one-level Home boasts a thoughtfully designed split floor plan, ensuring both privacy and convenience. Adorned with over $300,000 in exquisite upgrades, this home is a testament to unparalleled elegance. Enter through the expansive foyer and be greeted by the spacious interior adorned with 12-foot ceilings, opulent luxury vinyl floors, and Plantation Shutters throughout. The home's expansive 4,491 total sqft. features 3 bedrooms, and 3 quartz/tile bathrooms, alongside an additional versatile room perfect for an office, library, gym, nursery, or playroom. Indulge in resort-style amenities with a heated saltwater pool and spa surrounded by pavers, enclosed within an outdoor lanai equipped with natural gas piping for grilling or the future addition of an outdoor kitchen. Enhanced with color-changing LED lighting and outdoor speakers, this oasis offers the ideal setting for relaxation and entertainment, overlooking picturesque pond views and breathtaking sunsets. The culinary enthusiast's dream kitchen is outfitted with GE Café appliances, including a double oven, separate convection microwave, and café professional gas cooktop w/ custom paneled range hood, complemented by Cambria Britannica quartz countertops, lighted cabinetry, and a spacious walk-in pantry. Retreat to the lavish primary suite featuring an en suite bathroom with separate his and hers quartz-top vanities, an oversized walk-in shower with a rain head, a standalone garden tub, and a private commode with a bidet. The expansive custom walk-in closet with glass doors offers ample space for the finest of wardrobes. Additional bedrooms are generously sized and feature custom closets, while the living room showcases exposed wooden ceiling beams a cozy gas fireplace surrounded by brick and live edge shelving and custom motorized blinds that effortlessly dress the sliding glass doors, creating an ambiance of elegance and privacy. The dining area boasts elegant wainscoting and a wall-mounted dry bar with enchanting lighting, perfect for hosting memorable gatherings. The home is equipped with modern conveniences, including a Central Vacuum, Vivint security system, smart home features, hurricane shutters/door protection. Enjoy the convenience of a 3-car garage with professionally epoxied floors and additional ceiling storage. Off the garage find the expansive laundry room with an abundance of cabinetry, sink, and stone countertops. Let's not forget the Large Custom Storage/Utility Closet. With a 6-year home warranty remaining, this exquisite residence offers a lifestyle of unparalleled luxury and comfort, where every detail has been meticulously curated for the most discerning homeowner. NO FLOOD INSURANCE!! Enjoy the community amenities such as pool, and playground. Minutes away from dining, shopping, farmers market, entertainment, parks, and the breathtaking Gulf Coast .
You may be able to put down less than the total down payment amount of $248,139 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: #u8238899
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.