3450 Bay Ridge Way Port Charlotte, FL 33953
Your savings
About this home
RARE COASTAL GEM! Enjoy a "one-of-a-kind" view, breathtaking Florida sunsets, and cheerful natural light throughout this inviting, spacious 3-Bedroom, 2-Bath Bay Ridge Neighborhood Home in Riverwood located a short distance to the Community Resort Style Pool and Amenities. HUGE ADDED BONUS: A HIGHLY COVETED RIVERWOOD PRIVATE BEACH CLUB MEMBERSHIP ON MANASOTA KEY IS TRANSFERABLE WITH THE HOME PURCHASE Attractive curb appeal greets you with a decorative engraved driveway, lanai, graceful front arches and a side-entry garage, all set on a beautiful premium lot with scenic water views. The desirable open floor plan with high-volume ceilings showcases numerous interior and exterior upgrades, including a new 2023 tile roof, updates to the kitchen and bathrooms, impact windows at the rear of the home, rainforest-bamboo–style granite kitchen countertops, updated flooring in the Great Room and Primary Bedroom, freshly painted interior, and so much more! Beach Club membership and some furnishings are available—ask the agent for details. In addition to owning this spectacular home, residents enjoy Riverwood’s lush tree-lined streets, a renovated activity center with a variety of social events, a sparkling lap pool and resort-style pool, plus a state-of-the-art fitness center and an array of tennis, pickleball, and bocce courts, croquet, and both small and large dog parks. Riverwood is an Audubon Green Community Award winner, celebrated for preserving Florida's wildlife habitats. Optional amenities include the Riverwood Golf Club with its par-72 championship course and a private Beach Club on Manasota Key. Ideally located between Sarasota and Fort Myers on Florida’s West Coast, this home is close to boating, cultural events, dining, shopping, and the stunning beaches of Southwest Florida. ACT FAST! Don’t let this magnificent home slip away. Schedule a showing today and experience a level of luxury and serenity that is simply unmatched.
Source: STELLAR #D6143889
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.