1964 Colonial Dr Green Cove Springs, FL 32043
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About this home
One owner Magnolia Point pool home on a corner lot with a three-car garage (third car for storage). Upon entering the gated community of Magnolia Point Golf and Country Club, you will follow the beautiful tree lined streets to 1964 Colonial Drive. This home features a well-designed floor plan with 10-foot ceilings, wood floors, and an open concept in the main living areas, which creates a great space for entertaining. The main living areas flow effortlessly, giving you the freedom to define each space to suit your lifestyle—whether that means a formal dining room, a cozy reading nook, or an expanded gathering area. The kitchen will appeal to the family chef with an abundance of storage and cabinets, extended countertop space, bar seating and a breakfast nook. The custom built-ins in the living room add more storage and a place to showcase décor or treasured collections. The triple split plan strategically places two bedrooms and a shared bathroom on one corner of the house, the primary bedroom on another corner, and then a 4th bedroom with bathroom on the other side that would make a perfect guest retreat. The primary suite is customized with a wood feature wall, double tray ceiling and a bay window overlooking the pool. The ensuite bathroom includes a corner garden tub, separate sinks vanities, and two walk in closets. The fully fenced outdoor space has been planned with low maintenance and relaxation in mind. The 4-year-old saltwater pool can easily be maintained by the new owner if you choose, and the K-9 turf yard requires no mowing out back and comes with a transferrable lifetime warranty. Built in planters are ready for you to design - add some trees, an herb or butterfly garden, or whatever you dream up to accessorize your back yard. The owners have added many custom updates such as Philips Hue smart lighting, transfer switch for a generator and more. See Special Features list under documents. Magnolia Point is one of the most desirable communities in Green Cove Springs and features resort-style amenities including a junior Olympic sized pool and splash pad, golf course, tennis and pickleball courts, and an on-site restaurant with rave reviews. All of this in charming Green Cove Springs with a small-town feel, but convenient to shopping, dining, entertainment and more. Call today to schedule an appointment to tour this home.
Source: REALMLS #2115758
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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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