4827 Grand Banks Dr, Wimauma, FL 33598
3 beds · 3 baths · 2,275 sqft
This 2019 GL Homes built Palazzo features 2275SF under A/C with 3 bedrooms, 2.5 bathrooms, an office/den and a 2.5 car garage, and its NW water view affords magnificent sunset views. As you approach, you are greeted by finely manicured Florida-friendly gardens leading to a large screened-in Portico that welcomes all to your home. A spacious Foyer with a 10’-to-11’ tray-ceiling features crown molding and an elegant paint scheme that graces the entire home. Left of the Foyer is a wonderfully appointed Office with 2 large windows, 4 recessed lights, a lighted ceiling fan, and double French doors. To the right of the foyer are a 4-piece bathroom, two generously sized carpeted bedrooms with lighted ceiling fans, and a spacious laundry room, which features an LG Direct-Drive washer and Sensor-Dry dryer, a large cabinet utility sink and overhead cabinets. Adjacent to the foyer is the powder room and a built-in linen closet with abundant storage. Forward of the foyer is the Palazzo’s amazing open floorplan. The expansive Great Room with its 10’-to-11’ tray ceiling features a 72” lighted ceiling fan and 6 recessed LED lights, overlooks the Dining Room, Kitchen, Dinette, Lanai/Screen-room, and has an awe-inspiring water view. The Dining Room will comfortably host 8 persons, and here it has been re-purposed as a tranquil sitting room. The very well-appointed Kitchen features 42” solid maple chiffon white cabinetry with soft-close drawers and doors and over & under cabinet lighting, Zodiac Caraway quartz counters topped by a bronzed lavish glass-tile backsplash, stainless GE appliances and an externally vented microwave. The double basin sink features a Moen industrial-style faucet. The Dinette comfortably seats four persons providing a commanding view of the water and has a considerable 5-door cabinet pantry replete with sliding shelves. Floors throughout the common areas are SHAW Normandy 7”x22” ceramic tile in a waterfall offset vertical pattern. The roomy Master Bedroom features an expansive bay window to capture magnificent sunsets, a high tray-ceiling with a lighted ceiling fan, two walk-in closets, porcelain tile on the diagonal, and a very large Ensuite Bathroom. The Ensuite Bathroom has two separated vanities with quartz counters capped by wall-to-wall mirrors, a large walk-in shower and a Water-Closet for the Kohler Sterling luxury height commode. The immense 22’x29’ Lanai/Screen-room provides a uniquely private water view; its screens have additional privacy shades, and the Lanai has a Progressive Defender Magna Track Motorized Hurricane Screen providing Category 5 Hurricane Protection. Internally the home’s windows have Hunter-Douglas top-down/bottom-up shades, and the sliders have Hunter-Douglas motorized shades; externally, the home’s windows are protected by durable accordion shutters. The oversized garage will accommodate two automobiles and a golf cart, and it has pull-down stair access to attic storage with flooring. Environmental comforts are provided by a variable speed 3.5 Ton Heat Pump with humidity controls, Aquarius Water Softener System with additional whole house filtration (2024), an AO Smith 50-gallon water heater and an ADT monitored home security system with two control panels. This Palazzo is replete with custom finishes from front to back, and top to bottom. Seize the day and begin to live your idyllic life in this exceptional home located in Valencia Lakes, Tampa Bay’s premier 55+ Active Adult Community.
Source: STELLAR #tb8328705
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8328705
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: #tb8328705
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