5512 Tropic Dr, New Port Richey, FL 34653
3 beds · 2 baths · 1,474 sqft
Welcome to this stunning single-family home in the heart of New Port Richey! This beautifully renovated 3-bedroom, 2-bathroom home has been completely transformed down to the studs with no expense spared. Light and bright decor will greet you as you step inside with soft wood tone lighting fixtures and elegant ceramic tile flooring throughout. The attention to detail is evident with single panel doors and chic door hardware that add a modern touch. The all-new kitchen is a chef’s dream, featuring sleek quartz countertops, a charming farm sink, and custom cabinetry. The kitchen also boasts a custom-built dry bar complete with a wine fridge, glass and wine rack, a pull-out trash receptacle, and a spacious wall pantry. Adjacent to the kitchen, the dining area offers delightful views of the pool and canal, creating a perfect setting for family meals and entertaining guests. The primary suite is a true retreat with vaulted ceilings, a planters ledge, and an oversized walk-in closet. French doors lead directly to the gorgeous pool and patio area. The primary bathroom is equally impressive with an oversized walk-in shower, split vanities, and lighted vanity mirrors for a spa-like experience. This home also features two additional bedrooms and a hall bathroom with a shower/tub combination and a lighted vanity mirror. Step outside to your personal oasis where a new saltwater pool awaits, added just one year ago. The pool area is designed for relaxation and fun, featuring a tanning ledge with two detachable loungers, a side table with a hidden ice bucket for summer drinks, an umbrella stand, a spa hot tub, and additional water features. Located in the charming City of New Port Richey, this home is just minutes from the Historic Downtown area, known for its vibrant restaurants, breweries, wine bars, tea rooms, boutiques, and more. It’s also close to parks, schools, shopping, and only 50 minutes from Tampa International Airport. Don’t miss the opportunity to own this meticulously renovated home that blends modern luxury with comfortable living. Additional features: heated pool, hurricane windows, doors and garage door, coated garage floor, new AC & duct work (2023). Motivated Seller.
Source: STELLAR #w7867308
Source: STELLAR #w7867308
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: #w7867308
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.