612 S MAIN AVE, Groveland, FL 34736
Under contract-accepting backup offers. BONUS ROOM! Welcome to your Lake David paradise with a brand NEW ROOF installed in January 2024. Enter through the oversized front screened porch, ideal for relaxing and watching Groveland’s annual holiday parade. The upgraded front door with beveled glass welcomes you into a home filled with special touches: upgraded light fixtures, down lighting, listello inlays, designer 3-panel doors, custom baseboards, and custom window treatments. This 3-bedroom plus BONUS ROOM home features 2 modernized bathrooms, high ceilings, designer flooring, a front coat closet, and a full chef’s kitchen with upgraded stainless steel appliances, custom built-in microwave, true VTR chef's hood, flat-top range, oven, dishwasher, side-by-side refrigerator, walk-in pantry, ceramic tile on diagonal, upgraded granite countertops, high-end wood cabinetry with crown molding, 42” uppers, masterfully crafted stone backsplash, large center island with double sink, and pendant lighting. A separate beverage bar includes a refrigerator, wine rack, and designer lighting accenting a designated dining area that overlooks your backyard oasis. The living room offers a TV mount, surround sound, ceiling treatment, remote ceiling fan, French doors with in-window blinds, designer wood-look tile, and an open floor plan perfect for entertaining. The private master suite features a tray ceiling, two walk-in closets, a relaxing soaking tub, a stand-in shower with designer Mohen pull-down shower seat, a private water closet, and two vanities. Natural light flows into the master en-suite, creating a welcoming space each morning. The secondary bedrooms, located just past the kitchen, include one with a walk-in closet, window treatments, and a common modernized bathroom with a linen closet and glass slider stand-in shower. Step into your backyard oasis through double French doors onto an oversized pavered screen lanai, complete with an outdoor kitchen, mini-fridge, TV mount, and gazebo hot tub. A SUNPRO mechanical awning provides extra shade or lighted ambiance for cool nights by the gas fire pit. The rear yard offers a partial view of Lake David, white fencing, and a cocktail fruit tree. The exterior features gray-tone paint, stone veneer accent, wood-trimmed windows, designer garage door, mature landscaping, sprinkler system, and gutters. The interior laundry room includes a washer, dryer, utility sink, storage cabinetry, HVAC closet, cable management box, and space for a clothing rack or folding table. The 2-car garage offers an automatic door opener, pull-down attic with ladder, wall-mounted TV, water softener, and additional storage space. Enjoy Lake David Park's events, markets, music, playgrounds, skatepark, walking trails, boardwalk, event pavilion, basketball court, volleyball court, splash pad, picnic pavilions, and small watercraft launch. Groveland, the Gem of Lake County, offers a thriving downtown area, proximity to Clermont's eateries Make it your next home! Ask about 100% USDA financing options and Hometown Heroes downpayment/closing cost assistance program available this coming July! American Home Shield warranty available on this listing. This home isn’t just a place to live—it’s a Florida lifestyle.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #w7864003