19116 Forrest Dr Odessa, FL 33556
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About this home
**Take a VIRTUAL VIDEO TOUR of this home now at www.19116Forrest.com** Get ready to enjoy the Odessa lake life in your beautifully updated pool home. Situated under mature Oak trees and on a tranquil, nearly half-acre lakefront, non-flood zone lot, this home is zoned for one of Hillsborough County’s premier school districts – all A-rated schools (Hammond/Martinez/Steinbrenner)! With nearly, 2,300sqft of living space, this home features 4 bedrooms, 2 baths and an oversized 2-car carport. With no HOA or CDD restrictions, you can bring all of your toys and enjoy your large, lakefront lot. As you arrive, you’ll find a large front yard and two majestic Oak trees that perfectly frame your newly painted ranch home. A brand-new dimensional shingle roof was just installed, along with a new front door. There’s plenty of parking on the long driveway along with additional storage under carport that can be easily converted into a 2-car garage. Upon entering, you’ll find hardwood floors and an open-concept floor plan with a combined living and dining room. The living room features a beautiful wood-burning fireplace flanked by custom built-in, lighted shelves. The dining room offers plenty of space for sharing meals with family and friends. Beyond the living room is the kitchen that includes thick granite counters, a complete set of updated Kitchen-Aid stainless appliances and loads of cabinets for storage. The split-bedroom floor plan provides privacy for the residents. The primary suite includes luxury vinyl plank floors, a ceiling fan, large primary bath and walk-in closet with custom shelving. The primary bath includes a new vanity, granite counters, dual sinks, updated fixtures, an oversized garden tub and separate shower. On the opposite side of the home, the 2nd and 3rd bedrooms are spacious and share an updated full bath, complete with granite counters, dual sinks and a tub/shower combo. A spacious utility room offers cabinet storage and a tankless water heater for unlimited hot water. Beyond the kitchen is a large family room with dual French doors that open to your private pool. Adjacent is the 4th bedroom that also has French doors that open to the pool and it would make for a perfect home office space. As you step outside, you’ll find a large, freshly re-screened, 1,000sqft enclosed lanai. A freshly updated pool deck sparkles in the Florida sun and you’ll enjoy preparing meals in your outdoor kitchen with granite counters. The private pool includes a gas-heated spillover spa. Step outside to your large, fully-fenced backyard that includes a separate storage shed and lakeside fire pit. The private dock has been recently replaced and includes a separate detachable floating dock that you can bring out to the middle of the 18-acre Lake Wood for boating, swimming and fishing fun. Don’t wait to make this your new lakefront oasis today!
Source: STELLAR #TB8431640
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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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