3011 Garcon Point Rd Milton, FL 32583
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About this home
SELLER TO CONTRIBUTE $25,000.00 TOWARDS BUYER CLOSING COST/RATE BUY DOWN.NEW ROOF to be installed prior to closing. Sale includes 40K worth of TK kennels. If you're a horse lover, dog trainer, or passionate about wildlife, your search for a peaceful country haven ends here! Enjoy the best of both worlds with this beautiful 9.996 acre property located just 20 minutes from shopping and stunning beaches. Welcome to this 2,284 sq. ft. home featuring 3 bedrooms and 3.5 bathrooms. ALL BEDROOMS EQUIPPED WITH PRIVATE FULL BATHROOM. The cozy 2 sided wood-burning fireplace can be enjoyed from both the living room and the kitchen. Spacious primary suite offers its own wood-burning fireplace, a large custom closet and an en suite bathroom featuring a separate tub and shower with double vanity and tile flooring. Step outside to enjoy the one-acre pond, perfect for leisurely strolls or simply soaking in breathtaking sunsets. This property is equipped with a private well with a water filtration system and 2 septic tanks, helping maintain lower utility bills. You'll also appreciate the three-car garage and ample outdoor parking/storage. The property features 3 metal carports , one being 30x60 with 14-foot ceilings - perfect for RV parking. A 30'x50' barn that can be converted back to its original equestrian use. Impressive 40'x60' insulated metal building with roll down door and 1/2 bath offering versatile options for your hobbies or business needs. Both barn and the large metal shop are equipped with separate utility poles. With so much to offer, this country retreat perfectly balances spacious living and outdoor enjoyment, all while being zoned for agriculture. This means you can pursue your passion for farming or equestrian activities right from your doorstep. Don't miss the opportunity to make this tranquil haven your forever home!
Source: EMERALDCOAST #983569
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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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