9 STONE GATE S, Longwood, FL 32779
Stunning 4 bedroom, 2.5 bathroom pool home in the highly sought-after community of Ravensbrook! BRAND NEW ROOF (July 2024) and HVAC (July 2024), as well as a New Water Heater in 2024 also! This immaculate home boasts over 3,000 square feet of luxurious living space on just over three quarters of an acre highlighted by a beautifully landscaped, fenced backyard and a pristine heated saltwater pool under an expansive screened enclosure. Some of the outstanding features of the home include beautiful luxury vinyl plank floors spanning the main living areas and bedrooms, an inviting living room with a distinctive 3-sided, wood-burning fireplace, separate dining room, and a large bonus room that could be used as additional living space or a game room, featuring brand new skylights and French doors leading out to the pool. The modern kitchen features gorgeous granite countertops with a tile backsplash, stainless steel appliances, solid wood cabinetry, and barstool seating with accent tile under the kitchen bar maintaining a consistent look. Off the kitchen is another large living space showcasing a wall of windows overlooking the pool. Stepping outside through the sliding glass door, you’ll find a large paver stone pool deck with ample space for a barbecue grill and entertaining, and beautiful views of the backyard. The sparkling pool also offers a sun shelf, an elegant spillover spa, and a newer pool heater and saltwater pool system added in 2022. Back inside, the spacious owner’s suite is a true retreat, complete with high ceilings and large windows that fill the room with natural light. The ensuite bathroom is equally impressive, offering a vaulted ceiling, separate shower, garden tub, and a serene atmosphere for relaxation and unwinding. Two of the additional three bedrooms on the opposite side of the home share a spacious Jack and Jill bathroom with a double vanity and hallway access. An additional half bathroom added in 2020 with a marble countertop, subway tile backsplash, and decorative wainscoting, is down the hall next to another spacious bedroom for added convenience. Next to the half bathroom, a large laundry room leads out to the 2-car, side entry garage. A new attic ladder adds to the upgrades, and block construction enhances the durability of this exceptional home. Ravensbrook residents who pay the annual HOA fee also enjoy access to Rice Lake for added recreational activities (the HOA is Optional). Enjoy the lifestyle and all this wonderful neighborhood provides, while being conveniently located in the desirable Markham Woods Corridor close to I-4 for easy access to downtown Orlando, shopping and restaurants, and nearby access to the nearly 14 mile, paved Seminole Wekiva Trail, designated as one of Seminole County's Showcase Trails.
You may be able to put down less than the total down payment amount of $456,176 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #gc523382
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.