2640 NE 74th Ave High Springs, FL 32643
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About this home
PRICE Improvement!! This amazing property and home has so many special features, you have to come and see it! Completed in 2019 this family retreat is set on 5 wooded acres in the Gilchrist County side of High Springs and offers 4 bedrooms, 3 bathrooms, 2 separate ADU’s perfect for a She Shed and Man Cave, or as extra guest quarters, or even potential short-term rentals for visitors to the famous Springs that are only minutes away. Spend time enjoying the wildlife from the 16’x30’ wood deck that overlooks the fenced yard area, it’s a great spot for a large garden, or a great space to add a pool. There is tons of storage with a new shed on a concrete pad, a huge, detached metal construction 900sq ft. workshop/ garage/ mechanics dream that includes a 9000 lb. hydraulic car lift and a tall roll up door on one side. The other side is already framed out for a second roll up door so you could store your boat inside too. Adjacent to the workshop is a covered RV pad with 50-amp, and 35-amp connections, and water connection. The main home has a newer AC (2024), septic recently pumped and inspected (2025) for stress free move in. No HOA, and a large, recently renovated chicken coop is ready for you to collect fresh eggs. The home has a large kitchen with center island and a big walk-in pantry. The utility room with washer and dryer are just off the kitchen with more storage. The primary bedroom boasts a bathroom that has a soaker tub, walk-in shower, double vanity and a great walk-in closet. The split floor plan has 3 additional bedrooms, 2 share a jack and jill bathroom, and the third bathroom is next to the 4th bedroom. The dining area has room for a large family dining table, hutch and more. This open floorplan is perfect for your family to gather together and still have space to spread out in. The property has acres of woods to explore or to build additional homes on, and is high and dry. All of this and only 10 minutes to downtown High Springs, and only 30 minutes to Gainesville or Lake City, this is a must see!
Source: STELLAR #GC530557
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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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