2501 Sawgrass Lake Ct Cape Coral, FL 33909
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About this home
Vibrant and full of life—this home is a reflection of the joyful energy its owner brought to every room. Located in the gated community of Coral Lakes, this residence is in like-new condition and shows true pride of ownership. Built by Lennar, the popular Trevi model is a favorite floorplan for its four spacious bedrooms—including two en-suite bedrooms—and a wide-open great room layout designed for everyday living and entertaining. Many thoughtful updates have been made in the short time this owner has lived here, including all new kitchen appliances, a farmhouse sink with a pot filler faucet, custom backsplash and built-in wine rack. The laundry room also features newer appliances. Throughout the home, you’ll find updated light fixtures, ceiling fans and fresh interior and exterior paint. The guest bathroom was tastefully updated in 2024, adding to the home’s move-in-ready appeal. Other great features include a large kitchen prep island, walk-in pantry and an abundance of cabinet storage. The biggest investment? A brand new custom saltwater pool, completed less than a year ago. This showstopper includes a sunshelf with bubbler, an electric pool heater and a generous 5’9” depth at the deep end—perfect for cooling off, relaxing, or entertaining in style. Built with solid concrete block construction, a tile roof, and hurricane shutters, this home is storm season ready and built to last! BONUS, this home is NOT located in a flood zone and experienced no flooding during any hurricanes. This desirable lot is tucked away near the end of a quiet cul-de-sac and backs up to a serene private preserve. The preserve area is owned and maintained by the Coral Lakes HOA—offering peaceful views and added privacy with no neighbors behind you. This great location is an EASY walk to the resort style clubhouse and amenity center. Coral Lakes is a gated, well-maintained, resort-style community where neighbors stroll past colorful landscaping and sparkling lakes. Amenities include a clubhouse, fitness center, resort style pool and spa, volleyball, tennis, pickleball and basketball courts—something for everyone! The clubhouse is perfect for hosting parties and events and includes a kitchen area as well. LOW HOA fees of $288/month include WIFI, lawn care, yard trimming and exterior pest control. Convenient and up and coming area of Cape Coral. Minutes to big box stores for all your home improvement projects too! Cape Coral is consistently touted as the best place to work, to retire, for safety and so much more! With 400 miles of canals we are a top boating and fishing destination too! You are always minutes away from world famous beaches, island hopping, and RSW international airport. Easy day trips to Disney, Busch Gardens, Florida Keys and so many destinations we are blessed to have near by! If you’re looking for a home that stands out from the ordinary, this one is ready to welcome you with warmth and personality. ASSUMABLE 6.125% VA MORTGAGE TO THOSE WHO QUALIFY.
Source: FORTMYERS #2025002493
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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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