1099 Cimarron Dr Punta Gorda, FL 33950
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About this home
Modern luxury and practical design in this exceptional waterfront home located in the coveted Punta Gorda Isles! Minutes to Charlotte Harbor, this remarkable property is ideal for those seeking the ultimate waterfront lifestyle or a ready investment opportunity. With direct water access and proximity to the harbor, it's a boater's dream come true, while the screened-in saltwater pool offers a tranquil setting perfect for enjoying sunsets. Constructed in 2019, this residence features 3 generously sized bedrooms with custom walk-in closets and 2 elegantly updated bathrooms with premium finishes. Encompassing 2,029 square feet of expertly crafted living space, the open floor plan effortlessly connects the indoor and outdoor areas through pocket sliders that lead to a spacious lanai. The master suite is a deluxe, complete with a spacious spa shower, soaking tub, and refined details throughout. Recent upgrades include new carpeting throughout, maintaining a shoe-free environment, a cutting-edge water purification system, and a UV air filtration system for superior air quality. The back lanai features high-grade Cat 5 hurricane-rated screening, complementing the front screened-in patio for enhanced outdoor living. Additional improvements include new appliances, a saltwater softener system, a heated saltwater pool system for year-round use, and a newly installed central AC system, along with a cooling unit in the three-car garage. Every element of this property has custom lighting, door hardware, faucets, and fixtures, ensuring both style and functionality. Its contemporary design stands out in the area for its storm resilience, elevated construction, stem walls along the canal, and hurricane-rated windows, doors, and pool screens. This home is a true masterpiece with its flawless craftsmanship, prime location, and grand finishes. Whether you're in search of a permanent Florida sanctuary or a high-end investment property, this home offers everything you desire. Don't miss this opportunity! Schedule your private showing today!
Source: STELLAR #C7513825
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.