830 Cr 457, Lake Panasoffkee, FL 33538
2 beds · 1 baths · 1,700 sqft
Experience Lakefront Living at Its Finest – Your Dream Home Awaits! Imagine waking up to the stunning beauty of Lake Panasoffkee every day! This exceptional 2-bedroom, 1-bathroom pool home in the coveted Tracy’s Point Community offers breathtaking panoramic lakefront views from nearly every room. Recently remodeled and move-in ready, this concrete block home blends modern comfort with lakeside charm.The heart of this home is its gourmet kitchen, featuring sleek stainless steel appliances, granite countertops, and elegant tile floors. Whether you're cooking a family meal or entertaining friends, this kitchen will impress! From the kitchen, step into the expansive family room where a wood-burning fireplace invites cozy evenings, while the endless lake views will keep you captivated year-round. Step outside and enter your own personal oasis. The home boasts fenced-in in-ground pool, perfect for year-round relaxation, or soak in the hot tub as you watch the sunset over the water. For water enthusiasts, the property includes two lots on the lake, offering a massive 320 feet of water frontage, and a canal with a float-on boat port — your direct access to endless outdoor adventures! The pristine lakefront is lined with a NEW durable seawall, ensuring your views and property remain protected for years to come. The second lot is already platted and ready to build, offering a fantastic opportunity to expand or create your dream getaway. You'll never have to worry about high utility bills, as the attic has been newly spray-foamed for superior energy efficiency—keeping you cool in the summer and warm in the winter.With a community boat ramp providing access to both Lake Panasoffkee and the Withlacoochee River, you'll have endless opportunities for fishing, boating, and exploring the waterways. The peaceful location offers a relaxing escape from the hustle and bustle, yet is just a short drive from town for all your shopping and dining needs.This is more than a home; it’s a lifestyle. Don't miss your chance to live on one of Florida’s most desirable lakes – where adventure, tranquility, and stunning views await. Schedule your private tour today and make this dream home yours!
Source: STELLAR #TB8358316
Financials
Source: STELLAR #TB8358316
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.