583 Andora Dr, Punta Gorda, FL 33950
3 beds · 2 baths · 2,054 sqft
ASSUMABLE MORTGAGE, 2.625% INTEREST RATE. SOUTHERN EXPOSURE...Experience the finest in Florida living with this custom-built waterfront pool home, located on an oversized corner lot in the desirable Burnt Store Isles golf community. With sailboat access (no bridges out) to Charlotte Harbor and the Gulf, this superbly crafted 2011 home offers 3 bedrooms, 2 bathrooms, a spacious 3-car garage, and 2,054 square feet of open, tiled living space. From the moment you arrive, you'll be captivated by the elegant landscaping, outdoor lighting, and brick paver driveway and pathways. Step through the etched glass double doors into a grand Great Room, featuring a soaring 14' lighted double tray ceiling and disappearing pocket sliding doors that reveal an inviting lanai and pool area. The thoughtfully designed Great Room also includes a dining area and deluxe kitchen, complete with high-end granite countertops, matching backsplash, stainless steel appliances, an extended breakfast bar, and a dinette with serene views of the outdoors. The master suite is a true retreat, offering private access to the pool, a walk-in closet, an additional large closet, and an en-suite bathroom featuring a jetted soaking tub, his-and-her granite vanities, a walk-in tiled shower, and a private toilet room. The split floor plan provides guests with two private bedrooms and a full guest bathroom, ensuring comfort and privacy for family and friends. Step outside through the 8' glass sliders to relax on the oversized lanai and enjoy the heated pool with built-in seating and table, a large covered lanai with storm shutters, and a sun deck area. This waterfront property includes a seawall, a concrete dock, and a 10,000 lb. boat lift for easy sailboat access to the Gulf. Additional features include an oversized 3-car garage, a laundry room with a granite countertop sink and pantry, irrigation system, security system, crown molding, designer tray ceilings, Accordion shutters on lanai, NEW METAL TILE ROOF 2024 and so much more. Burnt Store Isles (BSI) is a deed-restricted, waterfront and golfing community, with Twin Isles Country Club located right in the center of the neighborhood. Conveniently located close to I-75, US-41, Fishermen’s Village, and downtown Punta Gorda's shops, dining, and entertainment, this home is spotless and move-in ready. Come enjoy the Florida lifestyle at its finest in this impressive Burnt Store Isles residence!
Source: STELLAR #c7499571
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7499571
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: #c7499571
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.