325 Pelham Park Dr Deland, FL 32720
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About this home
325 Pelham Park St, Deland, FL Discover Your Dream Home in DeLand's Thriving Pelham Park! Welcome to 325 Pelham Park Street, a stunning 5-bedroom, 3-bathroom home that perfectly blends modern comfort with the charm of DeLand's rapidly growing community. Built in 2023 within the desirable Pelham Park by D.R. Horton, this residence offers an exceptional opportunity to invest in one of Central Florida's most dynamic and up-and-coming areas. Step inside and be greeted by an abundance of natural light illuminating the open-concept first floor. The heart of this home is its well-appointed kitchen, featuring elegant granite countertops and sleek stainless-steel appliances, seamlessly overlooking the spacious living and dining areas – ideal for entertaining and everyday living. A convenient singular downstairs bedroom and a full bathroom provide flexibility and comfort for guests or multi-generational living. Ascend to the second floor, where a versatile loft space awaits, perfect for a home office, play area, or additional family room. The serene primary bedroom, a true retreat, is thoughtfully situated off the loft. It boasts a generous walk-in closet and a private en-suite bathroom with a double vanity, offering a spa-like experience. Location, Location, Location: The DeLand Advantage This home's prime location is truly its greatest asset. Pelham Park is strategically positioned just minutes from I-4, providing effortless commutes to Orlando, Daytona Beach, and beyond. You'll also enjoy unparalleled access to historic Downtown DeLand, a vibrant hub consistently recognized for its award-winning main street, eclectic boutiques, diverse dining scene, and lively cultural events. With Stetson University nearby, the area maintains a youthful energy and a strong sense of community. DeLand is experiencing significant growth and development, making it an attractive market for both residents and investors. The city's commitment to well-planned economic and community development ensures a high quality of life and sustained appreciation. New communities like Pelham Park are a testament to DeLand's expansion, offering modern homes and amenities while preserving the city's unique character. Outdoor Oasis and Community Perks The backyard of this property offers a private sanctuary, enhanced by upgraded vinyl fencing and no rear neighbors, ensuring peace and privacy. As part of the Pelham Park community, residents benefit from a thoughtfully designed neighborhood with various floorplans and a welcoming atmosphere. This home is more than just a residence; it's an invitation to embrace the DeLand lifestyle – a blend of historic charm, modern convenience, and promising future growth. Don’t miss your chance to own a piece of this thriving community. Schedule your private tour today and discover why 325 Pelham Park Street is a must-see for buyers seeking charm, space, and an unbeatable location in an area on the rise! Don't miss your chance to own a piece of this thriving community. Schedule your private tour today!
Source: STELLAR #O6334516
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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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