8500 Redwood Dr, Saint James City, FL 33956
4 beds · 3 baths · 2,632 sqft
This is the ONE!!! Paradise in paradise!!! A must see!!! Upper unit has 3 bedrooms and 2 bathrooms. Lower unit, fully equipped, with one bedroom one bath. Perfect as an in-law suite or as a rental. INVESTORS DREAM!!! LOWER UNIT: Kitchen featuring all smart appliances with stainless steel finishes, gray cabinets, dark hardwood / wood-style floors throughout, and light granite counters. Living area with ceiling fan and French doors with an abundance of natural light. Bathroom has tile floors, vanity, an enclosed shower and toilet. The bedroom has ample space with French doors and built in drawers with a counter and closet. There is also an additional room for the washer and dryer and a large walk-in closet. Front of property – Double carport and screened in sunroom with concrete floors and a wealth of natural light. To access the upper unit, you may take the stairs or use the convenience of an elevator. UPPER UNIT: As you enter you will find a spacious floor plan with open dining and living area, lofted ceilings, abundant lighting and ceiling fan. The kitchen features, all LG smart appliances with stainless steel finishes, gray, soft close cabinetry, tile plank flooring and light granite counters that also serve as backsplash. The ample counter space extends to create a peninsula, and a breakfast bar area with hanging light pendants. To continue with the smart technology, this home includes a NEST dual temperature thermostat and wave tech kitchen faucet. All fans throughout the home are also remote controlled. There is a huge pantry in the kitchen and another in the hallway that serves as additional storage. The guest bathroom features a washer and dryer, vanity, toilet and a large walk-in shower. The primary bedroom is luxurious with high ceilings and crown moldings. A sliding door opens to an amazing seating area with large windows for an awesome view of the pond out back. You could also use this room as an office. The primary bathroom has dual sinks separated by cabinets and a walk-in shower that comes equipped with a fold down seat. There are 2 storage units in the pillars under carport with a much larger and lockable storage room towards the back side of the house on the lower level for all your tools and outdoor equipment. Included is a Dual fuel XP12000EH generator with cord. You will find outlets for both the generator and for an RV at the side of the house near the AC units. Overlooking the pond, you will find a pier where you can enjoy endless moments watching the fish, turtles and many varieties of birds and other wildlife that visit frequently. You will have ample space on the 1.085 lot for all your toys, RV’s, boats or to add a pool. The possibilities are endless. And there was NO flooding during the last 3 substantial hurricanes.
Source: STELLAR #c7501578
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7501578
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.
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.
MLS ID: #c7501578
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