1508 N Arcadia Ave Arcadia, FL 34266
Your savings
About this home
AS-IS ESTATE HOME SALE! BEST OPPORTUNITY FOR A FABULOUS PROPERTY! PRICED TO SALE! A RARE FIND! A MUST SEE! FABULOUS PHOTOS COMING SOON!!!! Location location location!!!! Old Florida Gem on Over 1 Acre – Room for Everything! Absolutely Stunning Arcadia Home! Welcome to this beautifully crafted single-story residence offering incredible space and a true open-concept design. The chef’s kitchen is a dream with gas cooking, elegant cabinetry, and neutral tones of throughout. Updated bathrooms, custom barn doors, and stylish lighting add to the modern charm. Character and warmth abound with Chicago brick accents, a welcoming private front porch, and a cozy fireplace framed by built-in bookshelves in soft blue-gray tones. Every detail has been thoughtfully designed to combine style, comfort, and function. This 3-bedroom, 3-bathroom home sits on a sprawling 1.22-acre corner lot, providing ample space for gardening, fruit trees, boats, RVs, and more. With 2,719 sq. ft. under air, a split floor plan, and central air, it’s perfect for families seeking both comfort and versatility. Imagine building a pool, adding an expansion, or simply relaxing on your porch or patio beneath majestic oak trees draped in hanging moss. Zoned R-1A with no HOA and public sewer utilities, this property offers freedom and flexibility. Located on one of Arcadia’s most charming streets, just minutes from historic downtown with antiques, shops, and wonderful restaurants. This rare find is easy to show, priced to sell, and ready for its next family to call it home. Don’t miss this outstanding opportunity because homes like this don’t last long! Easy to show! Make it your dream home! Lets make a deal! Call today.
Source: STELLAR #G5101755
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.