8870 SW 115th St, Ocala, FL 34481
2 beds · 2 baths · 1,480 sqft sqft
Meticulously kept and move-in ready, --YOUR DREAM HOME IN OAK RUN IS HERE!-- YOU MUST SEE THIS 2 bedroom/ 2 bath, 1,480 square foot Jamestown model which offers easy Florida living just for you! Roof (2022), 200 AMP Electrical Panel (2022), HVAC (2018), and brand new full-home windows (2024) make this property the perfect find! The entry glass door offers lovely natural light which spills onto the full home wood-like tile flooring which was JUST resurfaced- no carpet in this home to fuss over. The 22x16 foot living room provides for plenty of space for entertaining, and the high ceilings create an airy atmosphere. The updated kitchen offers a beautiful selection of granite for countertops, a tile backsplash, garden sink, white Samsung appliances and plantation shutters overlooking the peaceful backyard. The coffee bar to the right of the refrigerator is a great feature. French doors lead to a bonus room/ office/ Florida room just off of the kitchen, and offers backyard access. This home has been updated with STORAGE in mind! Two closets sit on either side of the hallway, and ample storage can be found in each room. The two bedrooms are actually 2 primary bedroom suites- both spaces have walk-in closets, the bedroom to your left offering multiple closets. The first primary suite connects to an en suite bathroom with granite vanity and BRAND NEW low-profile, walk-in shower and toilet. The second bedroom has backyard access- walk through the en suite to a large closet on your left as well as full bathroom with modern white vanity and step-in shower for ease of use. Enjoy indoor laundry with even more built-in storage. Energy efficient SOLAR operating lights with battery backup illuminate your space in the evening hours. Head outside to a magical backyard- this space offers a screened enclosed porch with new waterproof awning which matches the retractable awning and outdoor umbrella. The fully fenced backyard is a great space for entertaining and for your pets to enjoy. The custom wood pergola and swing are truly charming, the best spot to enjoy a peaceful morning or happy hour! This property sits on a concrete slab and was upgraded with 3/4 inch plywood around its exterior. Thoughtfully designed flower beds and gutters show a keen eye to care. The 17x14 ft. 1.5 car garage can fit a vehicle plus golf cart and is built out with shelving for tools and more. The white screened enclosure over the garage door is a great feature! Oak Run is a 55+ community located just off of W. Hwy 200, outside city limits which boasts a natural wildlife preserve. The monthly amenities fee covers weekly trash and yard waste pick-up, 24-hour security, basic cable TV, community Channel-12 TV, use of all facilities, and the maintenance of all recreational and common areas including the dog park. Amenities include access to 6 pools, 5 hot tubs, golf course, restaurant, two fitness centers, library, billiards, card and craft room, tennis and pickleball, horseshoes, volleyball, and more. This is the Florida lifestyle that you've been dreaming about- there is a club for any interest that you may have (gardening, motorcycle, cards, social clubs, dances, and many many more)!- so close to hospitals, great dining, activities, and business opportunities. Let's get you moved into this gorgeous home before the holidays!
Source: STELLAR #om684688
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om684688
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: #om684688
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.