449 Majesty Dr Davenport, FL 33837
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About this home
Auction Property. This property will be sold at ONLINE AUCTION for Cash only. LIST PRICE REPRESENTS OPENING BID. Bidding will open at Noon Monday, November 10, 2025 and close at 1:00 PM Wednesday, November 12, 2025. HANDYMAN SPECIAL – INVESTOR ALERT! With a little TLC, this 7-Bedroom, 4-Bath POOL home in a prime Davenport location could become a high-performing short-term rental or vacation retreat! The spacious layout is perfect for large groups, featuring 2 bedrooms, 1 bath, a loft, and covered balcony upstairs, plus 5 bedrooms and 3 baths downstairs—two with private pool access! Major updates already done: Roof (2018), A/C and new ducts (2023), six Double Pane Windows (2018) and new water heater (2025). Located 1.3 miles from Posner Village shopping and dining, and only 15 miles from Disney! Great opportunity to build equity or create a strong income-producing property in the heart of Central Florida! Additional Auction Terms: 10% buyer's premium will be added to the winning bid. Buyer's Agent must be registered as an agent on Homesale.plus prior to the time buyer places 1st bid. Property is sold AS-IS, no inspection contingency, No financing contingency. Buyer pays all transfer & recordation taxes and all standard Title / Settlement charges. 10% Earnest Money Deposit due at contract execution. DO NOT DISTURB the occupants.
Source: STELLAR #L4956909
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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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