4225 Ulman Ave North Port, FL 34286
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About this home
$250,000 Price Improvement! Rare Lakefront Estate on 3 Acres — Plus 3 More Acres Available Separately! This is your chance to own one of North Port’s most private and versatile estates — now listed at $1,249,990, a $250K price improvement from its original $1,499,990! Offered on 3 serene lakefront acres, this property is tucked behind a Wi-Fi controlled gated entry and custom roadside black cross-fencing, as well as surrounded by mature picturesque oak trees, delivering the ultimate in space and tranquility. Here’s what makes this property even more rare: an additional 3 cleared, buildable acres (with its own deed) is available separately, right next door — giving you the opportunity to expand with a guest house, barn, or future family compound. Georgia clay fill dirt is already on-site and ready to go! Take advantage of this flexibility while it’s still available. The main home offers over 2,600 sq ft of updated living space, featuring 3 bedrooms, 2 full bathrooms, rich Chicago brick accents, granite countertops, plantation shutters, and warm, timeless finishes. Step outside to a resort-style pool with rock waterfalls, a water slide, and a large patio space perfect for entertaining or relaxing under the Florida sun. Enjoy direct access to a 21-acre spring-fed lake with your very own Trex-built dock — perfect for kayaking, fishing, or soaking in the view. Watching the Bald Eagles dive for dinner, or the occasional flock of docks doing a fly-by as the sun sets never gets old! And for hobbyists, business owners, or creatives — there’s a 2,400 sq ft two-story block & stucco constructed workshop with 375 sq ft of air-conditioned living/office space with its own bathroom, plus an additional 375 sq ft of finished space upstairs — ideal for hands-on work, storage, a private studio or convert into an extra bedroom! Opportunities like this don’t come around often — especially not with this much land, flexibility, and lifestyle, all in one package. Schedule your tour today before it’s gone!
Source: STELLAR #A4652338
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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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