4970 Nebraska Ave Sanford, FL 32771
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About this home
AMASSING FLIP OPPORTUNITY – call for ALL INVESTORS! Seller is OFFERING $50K IN REPAIRS CREDIT at closing for a new roof, AC, pool and / or any other repairs. SPRAWLING 3.5-ACRE Property with Endless Potential in a Private Area of Sanford! Welcome to a truly unique 5-bedroom, 4-bathroom real estate—perfect for MULTI-GENERATIONAL LIVING, INVESTMENT potential, or your DREAM RENOVATION PROJECT. Nestled in a secluded, serene area, this rare gem offers unparalleled space, privacy, and versatility. Enjoy the benefits of a FLIP HOME with MASSIVE POTENTIAL! Highlights include: A SCREENED-IN POOL—ideal for Florida living, a 2-CAR GARAGE for your vehicles or workshop needs, an unusual and flexible layout with TWO KITCHENS—perfect for separate living quarters or entertaining, a dedicated MUSIC STUDIO for creatives or content creators, and an ample land and layout space to build a guest house, apartment, or PROFITABLE VRBO SUITE. First, step into spacious, modern living with an open floor plan in the first building on the left! This thoughtfully designed section of the home features 1 bedroom, a versatile office space, and 2 full bathrooms. Enjoy seamless flow between the kitchen, dining, and living areas—perfect for both relaxing and entertaining. A large picture window opens directly onto the pool deck, bringing in NATURAL LIGHT and offering effortless indoor-outdoor living. Upstairs, you will enjoy your own private retreat — a beautifully SECLUDED WING that bridges the main residence and the second structure. Here, you’ll find two spacious rooms, a full bathroom, and a versatile loft-style area perfect for a MEDIA LOUNGE, CREATIVE STUDIO, or relaxed living space. With easy access to both sides of the property, this elevated haven offers the perfect balance of connection and privacy — ideal for guests, family, or your personal escape. The right-side building (upstairs) features a completely private, SELF-CONTAINED APARTMENT—ideal for guests, rental income, or multigenerational living. It includes two spacious bedrooms, a full bathroom, and a FULLY EQUIPPED KITCHEN that has been recently updated for modern comfort and style. For added convenience and privacy, the unit offers its own separate entrance, along with direct access to the outdoor patio and stairway. BONUS INCOME POTENTIAL! On the first floor of the right side of the building, you'll find a spacious 2-car garage, a versatile studio room, and an OVERSIZED AREA that was already being prepared by the owners to be converted into an ADDITIONAL LIVING SPACE—perfect for GENERATING EXTRA INCOME as a vacation rental or long-term VBRO unit. Plus, with three HVAC systems in place (two currently operational), you're already set up for flexible climate control throughout the property. Experience the lifestyle you’ve been dreaming of—this FLIP HOME offers not only comfort and style when all renovated, but also unbeatable access to some of CENTRAL FLORIDA’S best amenities. Enjoy world-class golf courses, scenic recreational trails, and beautiful beaches just a short drive away. Located in sought-after Seminole County, known for its top-rated schools, you’ll also be moments from upscale dining, boutique shopping, and convenient access to I-4 and the 429/417 beltways. Live, play, and thrive—WELCOME HOME TO SANFORD!
Source: STELLAR #O6351695
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.