5016 Palangos Dr, Punta Gorda, FL 33982
4 beds · 2 baths · 2,167 sqft sqft
LOCATED IN FLOOD ZONE X, NO DAMAGE TO THE HOUSE, BARN ,FROM RECENT HURRICANES, MOVE IN READY!! Discover Your Dream Home in the Beautiful Countryside of Punta Gorda: A Serene and Spacious 4-Bedroom, 2 Bath Oasis. Welcome to your idyllic retreat nestled on a sprawling 5-acre lot in the picturesque Punta Gorda countryside. This breathtakingly updated property offers you the perfect blend of peace, privacy, and space. Step inside your dream home and be welcomed by the cozy ambiance of the living room, where the gas fireplace, meticulously modeled with 100-year-old barn wood creates a warm and inviting atmosphere. The open-concept kitchen, with its sleek, newly updated cabinets and stylish backsplash is truly the heart of the home. Take advantage of the stainless steel appliances as you cook up delicious meals for your family and friends. This home boasts updated impact windows, a split bedroom concept, with the primary bedroom separated from the 3 other bedrooms and the large laundry/bonus room for your privacy. Your primary bedroom features dual closets for ample storage and a beautiful ensuite bathroom with a tranquil garden bath, a walk-in shower, and two vanities. Enjoy the calming sounds of nature as you sip coffee in the mornings on the screened and covered lanai looking out on your own private pond, and end your day with a glass of wine, watching the sunset on the covered front porch. You will never have to worry about going without power as the home boasts a whole-home generator and gas appliances. Not only does this property have a 2-car attached garage, but for additional vehicle storage you will have a fully insulated outbuilding with zone-controlled AC, pull-through garage doors, running water both inside and outside, and a 50 amp RV hookup outside. Situated at the end of a secluded road, this exquisite retreat offers unparalleled privacy and a home security surveillance system. . A fenced-back yard adorned with beautiful landscaping, and mature trees across the property provides a perfect setting for outdoor activities, and entertaining guests and even has the potential to be a wonderful horse property. Tranquil living is within your grasp, with shopping, dining, and entertainment a mere 15 minutes away in downtown Punta Gora. Don't miss out on this incredible opportunity to call this stunning property your own! Contact us today to schedule a private viewing and start living the peaceful life that you deserve.
Source: STELLAR #a4616549
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4616549
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: #a4616549
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.