3845 Andrew Jackson Dr Milton, FL 32571
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About this home
Stunning renovated home on Andrew Jackson Drive, offering 150 feet of waterfront on Escambia Bay. Sitting on nearly an acre, this waterfront paradise features a gunite pool, spa, and a putting green. Enjoy breathtaking sunsets from this 4bedroom, 3bath residence, with water views captured from almost every room. While a portion of the lot is located in a flood zone, the home is not making flood insurance more affordable. Completely renovated down to the studs, interior is brand new in 2024. Step through the foyer into the spacious main living area on the first level, where panoramic water views greet you. The living room has a wood-burning fireplace and built-in floor-to-ceiling bookcases, ideal for displaying your favorite collections. The bright and airy kitchen and dining space are equipped with abundant cabinets, stone countertops, and a double oven. A large walk-in pantry offers ample storage and bar seating provides casual eating options. The primary suite is a retreat with gorgeous bay vistas, featuring a luxurious bathroom with a double vanity, built-in shelves, a soaking tub, and a large tiled shower. A generous walk-in closet ensures plenty of space for your wardrobe. Additional first-floor amenities include a bedroom, full bath, laundry room, and direct access to an open deck overlooking the bay. Downstairs, you'll find a spacious family room with a fireplace and built-in cabinetry, perfect for gatherings. This level also includes two more bedrooms with bay and pool views, a full bath, two versatile bonus rooms ideal for offices or guest suites, and additional storage closets. Enjoy outdoor living with a covered patio leading to the sparkling gunite pool, spa, and putting green.The backyard offers an expansive green space for entertaining, along with an observation/platform tree fort for the kids.This unique gem combines luxurious updates, breathtaking views, and outdoor fun—an exceptional waterfront lifestyle waiting to be discovered.
Source: PENSACOLA #668475
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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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