1318 San Jose Blvd Daytona Beach, FL 32117
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About this home
Welcome to your charming retreat in beautiful Daytona Beach! This updated bungalow perfectly blends modern comfort with classic Florida charm. Situated just minutes from the beach, shopping, dining, and major roadways, this property offers both convenience and style for full-time residents, seasonal living, or investors. Step inside the main home to find a bright and airy living space filled with natural light, updated flooring, and neutral paint. The open layout provides a seamless flow from the cozy living room to the dining area and kitchen, making entertaining easy. The kitchen has been tastefully renovated with modern cabinetry, granite countertops, and stainless steel appliances. Whether you’re preparing a quick breakfast or a full dinner, this space is as functional as it is beautiful. The main home features three comfortable bedrooms and 2 updated full bathroom with contemporary finishes and fixtures. Each room offers a peaceful space to relax after a day in the sun, and the thoughtful layout makes excellent use of the square footage. The third bedroom could easily be utilized as a sunroom or private living room. What truly sets this property apart is the detached studio apartment—perfect for guests, extended family, or rental income potential. This separate unit includes a private entrance, full kitchen, full bathroom, and open-concept sleeping/living area, all recently updated to match the style and quality of the main home. It's an ideal setup for Airbnb, long-term tenants, or a personal home office or art studio. Outside, enjoy the Florida lifestyle with a fenced backyard, perfect for pets, grilling, or simply enjoying the sunshine. There’s also off-street parking and low-maintenance landscaping for easy upkeep. Whether you're looking for a smart investment or a charming home with extra flexibility, this Daytona Beach bungalow checks every box. Updated, well-located, and featuring a bonus studio apartment, this is a rare opportunity you won’t want to miss!
Source: STELLAR #NS1085672
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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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