851 Marllo Rd, Kissimmee, FL 34744
5 beds · 3 baths · 3,167 sqft
Step into your dream home nestled on an expansive 4.95-acre fully fenced and freshly cleared, tilled, & graded corner lot, offering privacy and space in a highly sought-after location with seamless access to the Florida Turnpike and Highway 417. This magnificent property has been meticulously renovated to provide an unparalleled living experience, combining modern amenities with ample outdoor space for endless possibilities. Breathtaking Outdoor Features Embrace the Florida lifestyle with all-new hurricane-rated windows and doors, complemented by hurricane shutters for added peace of mind. A sleek new concrete driveway welcomes you, leading to a charming home surrounded by newly installed concrete landscaping planters and fresh landscaping that beautifully frames the property. Enjoy the outdoors with spacious new patios at the front, side, and rear of the home, perfect for entertaining or simply relaxing in your private oasis. A colossal pole barn equipped with working electrical and fans, alongside a generously sized storage shed, provides abundant space for projects, storage, or hobbies. Modern and Comfortable Interior Enhancements Inside, the home has been thoughtfully expanded, enhancing the overall square footage under air. The owner suite boasts an expanded layout with a luxurious primary bath, ensuring comfort and elegance. The kitchen is a chef’s delight, featuring brand-new cabinets, sleek quartz countertops, state-of-the-art appliances, and stylish tile flooring. Each bathroom has been transformed with new vanities, toilets, showers, updated plumbing, tile flooring, and quartz countertops. The main living areas shine with new recessed lighting and exquisite wood luxury vinyl plank flooring, creating a warm and inviting atmosphere. State-of-the-Art Systems and Upgrades This property is equipped with a new HVAC systems (2020 & 2024) ensuring year-round comfort, a newly expanded septic drainfield, and all-new updated electrical systems complete with safety outlets for utmost safety and convenience. Enjoy pure and soft water with the latest water softener and filtration system. Unmatched Location and Opportunity Located in a prime area with easy access to major highways, this property offers the perfect blend of country serenity and city convenience. Whether you’re looking for a private retreat or a place to host family and friends, this home provides an extraordinary setting to create lasting memories. Not to mention the 5th bedroom sits just off what was once a secondary kitchen, this area could easily be turned into a full mother in-law suite with complete kitchen full bath and a great size room with its own entry through the garage if you are looking to keep a family member close and independent or just potential secure some additional income. Don’t miss out on this unique opportunity to own a beautifully renovated and spacious property in a fantastic location. Your dream lifestyle awaits!
Source: STELLAR #O6272069
Financials
Source: Public records
Source: STELLAR #O6272069
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.