1025 SE 5th Ave Crystal River, FL 34429
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About this home
Waterfront TREAT on 5th Street. Have you wanted to live on a perfectly, CRYSTAL CLEAR canal, in Crystal River? Now is your chance to transform this house into an amazing waterfront home. Inside you will find an open living room with the large kitchen tucked into the corner. There is also a formal dining room that has been used as a an office (among other things). Just down the hall you will find 4 of the 5 bedrooms and 3 bathrooms. The final bedroom is swept up as an in-law suite or guest suite off of the pool. The 2 car garage was set up and wired as a craftsman’s shop. The previous owner had a knack for woodturning and built his garage out as such. Power, water and sewage are all on. The house absolutely needs work and the price reflects the buyers opportunity to purchase, rebuild, and move in with equity. Outside you will find an old oak tree draping across the yard. In the back they have a massive deck and boat dock for you to enjoy! There are many trails, boarding and training locations all around. There are some awesome local fishing spots to explore, great biking trails and bird watching sanctuaries near by. Don't miss scallop season. Some of the best fishing in the world can be found in our rivers, lakes and bays. you can catch a bass, crappie, trout, red fish, snook, grouper, mackerel, black sea bass and scallops.... all on the same trip. Bring your pole, goggles, scallop bag and more to stay busy year round. There are plenty of fantastic options when it comes locally owned cuisine and shops that are sprinkled throughout the area. Citrus County will be a joy to visit and certainly worth a second look! Also, the centralized location makes for a short trip to Ocala (HORSE CAPITAL OF THE WORLD), Gainesville, Tampa, St.Pete, Orlando and the rest of the beauty that Central Florida has to offer. Citrus County has 9 public and 5 private golf courses for your playing pleasure. Among those courses is the world renowned Black Diamond and the recently built Cabot Farms. All courses are a short drive away. (*Exact room dimensions unknown. Buyer(s) to confirm dimensions*)
Source: STELLAR #TB8410859
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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