656 S Pine St, New Smyrna Beach, FL 32169
2 beds · 1 baths · 1,072 sqft sqft
Buyer Financing fell through ! Welcome to your dream beach home! BLOCKS TO THE BEACH with Surfing, Sunbathing and Seashell hunting galore!! Priced below appraisal, this stunning property offers urban contemporary design with a warm, airy color palette. Completely rebuilt from the studs out finished in 2023 every detail has been meticulously considered. Featuring 2 bedrooms and 1 bath, this beachside retreat is perfect for weekends and vacations. Step inside to discover a modern kitchen with quartz countertops, a Dolomite island, and natural gas commercial-grade appliances. A dry bar with an ice machine and drink refrigerator adds convenience, while a cozy electric fireplace sets the mood. The custom television wall art piece adds a touch of elegance to the living space. Outside, enjoy lush Florida landscaping with tropical plants and a backyard oasis. RV hook-up is available in the rear, with plenty of parking for boat enthusiasts. Embrace the golf cart lifestyle, walking to the beach or nearby entertainment venues. Conveniently located on Central Island behind Norwood's Tree House and The Garlic, and just a paddleboard away from Calissa Park, this home offers easy access to the best of beachside living. Don't miss the Saturday farmer's market at 3rd Ave and S Peninsula in Norwood's parking lot. UPGRADES Include and are not limited to: Spray Insulation 2023, New Metal Roof 2023, AC 2017 with Microbial UV Light, All Exterior Doors in 2023, Interior Shaker Doors with contemporary hardware 2023, STUCCO/Shell Finish/and New Paint 2024, Carport Sealed and coated 2024, Driveway RE-SKIMMED and Finished 2024, Google Ac Monitor, AC VENTS Contemporary Design, New Plantation Style Closet Doors, Windows high Uv and Mirror tent 2024. For peace of mind, a pre-inspection report has been completed, and the new buyer will receive a transferrable wind mitigation and 4-point inspection for insurance. Additionally,Seller is providing a 13-month limited home warranty at closing. ALL INFORMATION AND MEASUREMENTS DEEMED ACCURATE. BUYER AND BUYER AGENT TO CONFIRM.
Source: STELLAR #o6182298
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6182298
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: #o6182298