130 S Oleander Ave Daytona Beach, FL 32118
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About this home
Short Sale. Short Sale! Investor Alert! Spectacular beachside home so close to the ocean for beautiful sunrises and then the Intracoastal for gorgeous sunsets. Charming 1915 Coastal Cottage Steps from the Beach! Welcome to this beautifully maintained 1915-built home that blends historic charm with thoughtful modern upgrades. Located in an X flood zone, this property offers peace of mind along with unbeatable convenience—just minutes from the beach, Main Street, local attractions, and annual festivities. Situated on a quiet block with the police department nearby and fire department close on the beach side, this home is ideal for those seeking location, comfort, and character. Step inside to discover a bright and updated interior featuring a granite kitchen, tile backsplash, and Samsung stainless steel appliances. The IKEA kitchen cabinets and light fixtures were updated just 4 years ago, and the master bathroom boasts a new vanity and a walk-in shower, while the second bathroom offers a relaxing tub. Enjoy peace of mind with a 9-year-old architectural shingle roof, new front and east-facing windows (2022), tankless water heater, and solar panels to help with energy efficiency. The home has vinyl siding, PVC backyard fencing, gutters, and a convenient crawl space for easy maintenance. Outdoor features include a long driveway, 1-car garage, on-site private parking, backyard shed, and a survey on file. The property also benefits from an easement and enjoys easy access to all the local events and amenities. Don't miss your chance to own a slice of coastal history with modern flair—schedule your private showing today! You may know Daytona Beach for famous beaches, world class Daytona International Speedway racing activities or main events like Bike Week or Jeep Beach, but the Daytona Beach region also has Clearly More amazing places, outdoor adventures and attractions that makes it a perfect place to live, work and play. Only an hour away from Orlando attractions, Kennedy Space Center and less than an hour from historical St. Augustine Florida. (US oldest city) Please note: Washer/dryer and freezer are not included. Window units and portable ACs will not convey.
Source: STELLAR #O6330924
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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.