840 Kenilworth Ter, Orlando, FL 32803
5 beds · 5 baths · 5,100 sqft
This exceptional downtown home, spanning over 5,000 square feet, is a rare find and a true gem. Fully updated and modernized, it features a complete, finished basement and is ideally located in the highly desired Lake Highland Prep neighborhood, one of Central Florida's top-ranked areas. Just a short 5-minute drive from downtown Orlando, this residence offers the perfect blend of timeless elegance and modern contemporary comfort. Situated in the vibrant cultural arts district, it’s surrounded by an array of restaurants and amenities. From the moment you step inside, you'll notice the impeccable craftsmanship and attention to detail throughout. The main living areas are adorned with beautiful hardwood floors, creating a warm, inviting atmosphere. The open-concept floor plan effortlessly connects the living spaces, perfect for both family living and entertaining. At the heart of the home is the chef-inspired kitchen, complete with 42-inch cabinetry, sparkling quartz countertops, a gas range, and double ovens. A wrap-around eat-in bar and cozy dining area overlook the family room, ensuring the chef is always part of the action. This home offers two expansive primary suites, each providing a peaceful retreat. The upstairs suite is a luxurious haven with two large walk-in closets featuring custom organizers and a dedicated dressing/vanity area. The downstairs suite also includes an en-suite bath with a walk-in shower and organized closets for added convenience. The main level welcomes you with a charming entrance and a stunning fireplace, perfect for cozy evenings. Natural gas powers the range, two fireplaces (in the living room and primary bedroom), and a tankless water heater. The home also boasts a screened-in porch for outdoor entertaining and grilling. Access to the upper floor is enhanced by a breathtaking stained-glass window that adds character and charm. The upper floor features three spacious bedrooms, each with its own full bath and walk-in closet. One of the bedrooms includes a private balcony overlooking Kenilworth Terrace, providing a serene spot to unwind. One of the home’s most distinctive features is the expansive 1,500-square-foot basement in-law suite, ideal for multi-generational living, rental income, or an Airbnb. This suite includes a large primary bedroom, living room/man cave, kitchen with a bar top, and a full bathroom. With both interior and exterior access, this versatile space offers endless possibilities. The basement also has a sizable storage room, which could be transformed into a wine cellar for enthusiasts. Situated between downtown Orlando and Winter Park, this home offers an unbeatable location and unique features. Buyers should verify all measurements. One or more photo(s) has been virtually staged.
Source: STELLAR #O6210779
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Unlock down payments as low as 5% – only with Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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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 #O6210779
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.