718 Helmsman Ln, Edgewater, FL 32141
3 beds · 2 baths · 1,730 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this newly renovated home in Edgewater Landing, situated on the ONLY lot in the community offering complete privacy, with no other houses visible from your backyard. Additionally, this property backs up to a restricted, undisturbed area, ensuring that no future construction will ever disrupt your serene experience. As you step inside, the open-air layout greets you with the perfect balance of warmth, comfort, and an inviting atmosphere—perfect for both relaxation and entertaining. The newly updated kitchen is a true highlight, featuring modern finishes, a large pantry, and appliances that blend seamlessly with the home’s design. The expansive family room is designed for comfort and energy efficiency, featuring double-paned tinted windows that minimize heat transfer and glare. Motorized, smart blackout shades provide precise light control and insulation, enhancing the room’s comfort throughout the year. This home features durable, eco-friendly bamboo flooring throughout the main living areas, creating a warm and natural ambiance. The primary bedroom boasts brand-new luxury flooring, adding a sleek, modern touch, while the guest bedrooms feature new carpeting, offering a cozy retreat. Additionally, the brand-new pebble flooring in the front entrance foyer provides a timeless and elegant first impression. For those who value space and storage, the oversized two-car garage and additional storage shed offers ample room for tools, outdoor gear, and more. Outside, the gorgeous landscaping creates a tranquil oasis. Whether you’re gathering around the fire table on the side porch or soaking in the serene views, you’ll feel like you’re in your own private paradise. Edgewater Landing is a resident-owned, 55+ community offering a variety of resort-style amenities. The clubhouse features a large waterfront party room, card and billiard rooms, arts and crafts facilities, a fitness center, and a complete woodworking shop. Outdoor amenities include a heated pool with a covered porch area, shuffleboard, tennis, pickleball, bocce courts, a fishing pier with a dock master, a gazebo, grill and picnic area. Low HOA which includes high speed internet, Cable TV with 2 channels dedicated to Edgewater Landing updates and event schedule. For boating enthusiasts, the community offers a private boat launch with kayak storage, as well as dry storage for boats. There is additional RV parking. The gorgeous fishing pier and grilling area are just steps away, providing the perfect spot to cook up your catch or unwind while enjoying the stunning views of the Indian River. Watch space shuttle launches, or take a short boat ride to BJ’s Fishcamp, Disappearing Island, or Ponce Inlet from your private community boat launch. (**SEE AGENT REMARKS FOR ADDITIONAL BOAT, DRY DOCK STORAGE & GOLF CART OPTIONS**) All this is just minutes from beautiful Florida beaches and the vibrant Flagler Avenue, known for its shops, restaurants, and nightlife, as well as historic Canal Street, offering a charming mix of boutiques, cafés, and local attractions. This rare find offers the perfect blend of modern living and resort-style amenities in a peaceful, nature-filled setting. Don’t miss your opportunity to own this truly exceptional home!
Source: STELLAR #NS1083919
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #NS1083919
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.