4515 March Terrace Ln, Valrico, FL 33596
5 beds · 4 baths · 3,911 sqft
Homes by WestBay – Artisan Series Key Largo II Model. Experience luxury living in this award-winning Key Largo plan, a masterpiece of design and craftsmanship. Nestled on a picturesque tree-lined street within the prestigious gated community of Ridgewood Estates, this west-facing home offers stunning views of a lush community green space. Step inside this nearly 4,000 sq. ft. residence and be captivated by its spacious elegance and modern comfort. Featuring 5 bedrooms, 4 baths, a home office, two bonus rooms, and a 3-car garage, this home is designed for both grandeur and everyday living. From the moment you arrive, the impressive curb appeal draws you in with a handsome elevation, lush landscaping, and brick paver driveway. Enter through the soaring grand foyer, where your eyes are immediately drawn to the picturesque backyard and the 16 ft. sliding glass doors leading to the private lanai and resort-style pool. The open-concept gourmet kitchen is a chef’s dream, boasting quartz countertops, high-end appliances, a spacious island with storage, and custom wood ceiling beams in the adjacent great room. The luxurious first-floor primary suite is a private retreat, while the generously sized secondary bedrooms ensure comfort for family and guests. A hidden bookcase door leads to the mancave/bonus room, adding a unique touch of character. Upstairs, discover a large bonus room, a full 5th bedroom, and an additional bath—perfect for guests or multigenerational living. Beyond the pool, the spacious fenced backyard provides endless possibilities for outdoor enjoyment. Additional upgrades include PAID OFF solar panels (NO electric bill!), a generator transfer switch, and an optional private well. Located just minutes from top-rated schools, premium shopping, dining, and major expressways, this home offers unparalleled convenience. Enjoy easy access to Sprouts, Whole Foods (coming soon), Publix, Gulf beaches, Tampa, Orlando, MacDill AFB, Golf Courses and more. With NO CDD fees, oversized homesites, private access, Ridgewood Estates is one of the area’s most sought-after communities. Schedule your private tour today—this exceptional home won’t last long!
Source: STELLAR #TB8362834
Financials
Source: STELLAR #TB8362834
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.