5023 Abaco Dr, Tavares, FL 32778
3 beds · 2 baths · 1,627 sqft sqft
Charming Home with Pond View in Groves at Bay Tree. Welcome to your dream home in the stunning Groves at Bay Tree! Nestled on an oversized lot with serene pond views, this exquisite three-bedroom, two-bathroom residence offers the perfect blend of comfort and luxury. As you enter, you'll be greeted by an open-concept layout that boasts high volume ceilings and elegant fixtures that elevate the space. Beautiful laminate flooring flows seamlessly throughout the living areas. The well-equipped kitchen is a culinary delight, featuring ample custom cabinetry and generous counter space, ideal for meal prep and entertaining. The breakfast bar adds a casual dining option, while a utility closet with room for a full-size washer and dryer enhances convenience. The kitchen overlooks an expansive living area that easily accommodates full-sized furniture, making it a perfect spot for gatherings with friends and family. Sliding glass doors lead you to a screened and covered lanai, where you can enjoy stunning views of your large backyard while sipping your morning coffee or hosting weekend barbecues.Retreat to the spacious master bedroom, which comfortably fits a king-sized bedroom set and features a magnificent bay window that provides beautiful views of the backyard. The master bathroom is complete with a dual sink vanity, a large walk-in closet, and an oversized step-in shower. On the opposite side of the home, two more generously sized bedrooms share a second bath, ensuring ample space for family or guests. One of the standout features of this property is the dedicated greenbelt behind the home, ensuring you’ll enjoy privacy and tranquility without any rear neighbors. The Groves at Bay Tree community is brimming with amenities just seconds away. Enjoy the resort-style pool, playground, full-size gym, and dedicated workout room. An indoor basketball court and multiple parks, nature trails, a skate park, and recreation center with baseball and football fields provide endless opportunities for outdoor activities and relaxation. Convenience is key, with Publix, shopping malls, and restaurants just a few minute’s drive away, along with easy access to the turnpike and major interstates for a smooth commute. Plus, the recent introduction of the Lake Tech College Aeronautical School adds to the community’s appeal, catering to your educational and career aspirations. This remarkable home truly has everything you’re looking for! Don't miss out on this incredible opportunity – schedule your showing today!
Source: STELLAR #tb8310986
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8310986
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.
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: #tb8310986