4464 Neptune Dr Hernando Beach, FL 34607
Your savings
About this home
BACK ON THE MARKET!!! With lots of upgrades including new paint on 1st and 2nd level, new epoxy floors on the first level, and a new seawall cap. ARE YOU ELIGIBLE FOR A VA LOAN? REACH OUT TO THE LISTING AGENT FOR INFORMATION ON ASSUMING THE OWNERS VA LOAN AT A LOW INTEREST RATE AND VERY LITTLE DOWN! Discover coastal living at its finest in this elevated waterfront home offering direct Gulf access, a private floating dock, and an open permit for a future boat lift with pilings already in place. This thoughtfully designed 3-bedroom, 3-bath home features a desirable 3 bedroom 2 bath split floor plan on the main (second) level, plus an additional bathroom and fully equipped bonus suite on the ground level. Step inside the bright and airy main level, where tall ceilings, fresh paint, and NEW vinyl flooring, and new light fixtures set the stage for modern waterfront living. The open-concept kitchen, dining, and living area flows seamlessly to a covered rear deck overlooking the water — perfect for entertaining or relaxing with a view. The kitchen boasts NEW stainless steel appliances, a gas cooktop, quartz countertops, eat-in island, pantry, and of course, breathtaking water views. The spacious primary suite features a recently updated bathroom with dual vanities, a walk-in shower, and a luxurious garden tub. Laundry hookups are conveniently located on both levels. The far end of the home has two bedrooms that share a Newly updated bathroom. Downstairs, enjoy the versatility of a bonus room with a newly updated full bath, laundry area, and its own entrance. The garage side of the first level features a 12-ft tall door with parking for up to 4 vehicles in the tandem bays that are also deep enough to park a boat trailer. The ground level is finished with weather-resistant PVC and block walls for durability and peace of mind. Outside, the oversized fenced yard has ample room to build the pool of your dreams and the side yard has plenty of space to park your RV or boat. Plus, the floating dock and pre-installed pilings make boating a breeze—skip the wait with an already open, transferable permit for your future lift. Additional updates include a new AC in 2017, new 1st floor mini-split 2024, and new roof in 2022. With all of the wind mitigation upgrades on this property the home owners insurance is only $2474 and transferable flood insurance is $2141. Seller has estimates for a new pool in the backyard at $55k and can be installed within 4 months. Hernando Beach is a vibrant waterfront community that offers the best of coastal living—boating, kayaking, paddleboarding, fishing, and more. Just minutes from the world-famous Weeki Wachee Springs, residents also enjoy close proximity to shopping, dining, hospitals, and top-rated schools. The community is golf cart friendly and allows short-term rentals with no HOA, no deed restrictions, making it perfect for full-time residents, part-time snowbirds, or investors. The Suncoast Parkway offers easy commuting to Tampa, Brooksville, and beyond.
Source: STELLAR #TB8391203
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.