30049 Balsam Blvd Punta Gorda, FL 33982
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About this home
BACK ON THE MARKET, BUYER FINANCING FELL THROUGH - Country living with convenient access to town! This beautifully updated 3-bedroom, 2-bath home sits on two lots totaling just under half an acre in the peaceful, rural community of Ridge Harbor. Step inside to a thoughtfully designed open-concept living space where comfort meets style. The spacious great room features vaulted ceilings, modern recessed lighting, and a striking wood-blade ceiling fan that blends character with functionality. Anchored by a plush oversized rug, the cozy seating area creates the perfect spot for relaxing or entertaining. The bright, modern kitchen offers both elegance and convenience. Sleek white cabinetry pairs beautifully with granite countertops and a charming brick backsplash, creating a warm, inviting atmosphere. Modern appliances — including a French door refrigerator and statement range hood — add a refined touch. The generous breakfast bar, highlighted by pendant lighting, offers casual dining and a gathering space, while the open layout flows seamlessly to the living and dining areas. Natural light pours in through surrounding windows and sliding doors, enhancing the airy feel and providing effortless access to outdoor living. The primary suite features a spacious walk-in closet and an updated private en suite bathroom with a walk-in shower and a vanity with a lighted mirror. Two additional guest bedrooms feature new flooring, built-in closets, and share an updated full bathroom with a vanity and a tiled shower-tub combination. An attached, deep single-car garage includes a convenient laundry area, durable coated flooring, and plenty of storage space. A new water heater was installed in 2023 for peace of mind. Step outside to enjoy a private, fenced backyard designed for both relaxation and practicality. A charming stepping-stone pathway leads to a cozy fire pit, perfect for evening gatherings. An enclosed pen with a secure gate offers a safe space for dogs, complete with automatic waters. An expansive 75×135 fenced area with multiple gates provides ample space for small livestock or outdoor hobbies. Notable updates include a new septic system (2023), a new roof (2022), and a lush bamboo hedge for added privacy. Additional features include a water softener and central A/C. Ridge Harbor offers a voluntary HOA with low annual dues ($25 for individuals, $35 for families) and no deed restrictions, giving you the freedom to build your way. Residents enjoy access to a private community boat ramp on Shell Creek (just $10 for a marina key), connecting to the Peace River and Charlotte Harbor — a paradise for boating and fishing enthusiasts. Conveniently located near Punta Gorda Airport, I-75, shopping, dining, and beautiful beaches, this home offers the perfect blend of country charm, modern updates, and lifestyle opportunities. Don’t miss this exceptional opportunity — priced to sell! **PLEASE ENJOY THE 3D INTERACTIVE VIRTUAL TOUR ASSOCIATED WITH THIS LISTING**
Source: STELLAR #C7515547
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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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