7149 DILLY LAKE AVE, Groveland, FL 34736
Trinity Lakes is a “Lake Access Resort Style Community” that sits on the shores of Lake Lucy. Part of the North Chain, this body of water could be part of the Clermont “South” Chain, separated only by the Cherry Lake dam. Enjoy picnics and fishing off the dock just a short bike ride from your front door! Afterwards cool off in the amazing pool and splash pad! This playful community has family friendly events year-round as well as a clubhouse, fitness center, playground and dog park! Truly the most amenities, square footage and perks for the price point!!!!! Built in 2022, this thoughtful one-story design named the “Newcastle” has 4 bedrooms and 3 full baths. All centered around a massive great room where the formal dining room, kitchen, dinette and covered lanai have a cohesive flow. An ideal place for entertaining with high ceilings and plenty of elbow room! Large glass sliders and multiple windows peer out towards the fenced backyard and the hilly terrain of the Cherry Lake Tree Farm! You’ll absolutely love the crisp white kitchen with tons of storage, a huge island and breakfast bar. The gray quartz countertops are the perfect pairing and look fantastic with the neutral wood look tile. The primary bath has a lovely walk-in shower, dual sinks, private lavatory and his and hers closets, always a plus! The home is a 3 way split with 2 bedrooms sharing a bath just off the foyer and another sizable room with ensuite bath and walk-in closet! Both bathrooms have pretty vanities and shower/tub combos! Guests have access to 2 of the 3 baths without walking through a bedroom. The long foyer adds privacy upon entering and is a great spot for all your treasured photos and artwork. Another nice aspect about newer construction is that all the components are practically new, the energy-efficient aspects of construction from roof, to walls and windows! Home was equipped with solar from day one, assuming this is just $65 a month and the owners have had power bills between $100-$150 in the hotter months! There's also plenty of storage between multiple linen closets, old fashioned coat closet and 3 car garage! Let’s talk a bit more about location! Named “The City with Natural Charm”, Groveland is known for its vast acres of ranch land, true country living and quaint neighborhoods with a low key, hometown feel. Located just minutes from Florida’s Turnpike with easy access to Orlando and surrounding cities! Also located off Hwy 19 is the public boat launch just off Lake Lucy, the perfect lake to enjoy fireworks from Clermont, Groveland and Mascotte, not to mention the gorgeous unobstructed starry nights! No bright lights here, you can truly get away from the hustle and bustle of city life AND be close enough to all of life’s conveniences and resources! Groveland was nationally recognized as a “Dark City”…meaning they are one of the top cities in America with low “light pollution” at night! Guessing Vegas is on the other list!!! Speaking of Vegas, you can bet you’ll be pleased with your choice to live here! Don’t “dilly dally” and schedule a showing! Oh! If you need an office, consider using the intended space for the dining table and add french doors to the existing dining room! Wa la!
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: #o6209688
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.