424 N Carolina Ave Palm Harbor, FL 34683
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About this home
Welcome to your dream home in the heart of Ozona, the golf cart friendly, highly sought-after coastal community in Palm Harbor! This 3 bedroom, 3 bath home with a bonus room, man shed/office and additional bath SUFFERED NO DAMAGE from the hurricanes, giving homeowners valuable peace of mind in a coastal setting! The updated kitchen features a butcher block island, newer appliances and plenty of storage with upper cabinets to the ceiling. This home also includes updated bathrooms, a laundry room, an updated fireplace, an open family room/dining room/kitchen combo and luxury vinyl tile throughout. Step outside to the large, screened Florida room that overlooks the private, tropical backyard which is home to nine different types of palm trees. A fence encloses the property which includes a swim spa, and a finished shed with a bath that can be used as a pool shed, office or man cave. There is also an additional shed for storage along one side of the home as well as a storage area in the garage. The backyard boasts a large concrete area for lounging and entertaining. Ozona has no deed restrictions, no HOA fees and no rental restrictions. Drive your golf cart or walk to nearby restaurants, bars, the post office, downtown Palm Harbor, and waterfront piers to enjoy Florida’s beautiful sunsets. The Pinellas Trail across the street is perfect for bike rides and leisurely strolls, as is the Dunedin Causeway leading to the Honeymoon Island State Park entrance just three miles away. With Publix just a mile away, it is an easy walk to pick up a few groceries while getting exercise. The Ozona community is zoned for the highly desired Palm Harbor University High School, Palm Harbor Middle School and Ozona Elementary. The very quaint village of Ozona is one of Florida's oldest and most unique coastal communities and a wonderful place to call home.
Source: STELLAR #O6285676
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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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