5010 La Costa Island Ct Punta Gorda, FL 33950
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About this home
AMAZING waterfront home on the longest and widest canal in Punta Gorda Isles, FL with beautiful sunsets awaits new owners! This 4/2/2 masterpiece is sure to appeal to discerning buyers with lovely finishes and a thoughtful design. From the exterior, enjoy a circular driveway and updated landscaping. Inside the new double front doors, enter the home to be captivated by the open floor plan with zero corner sliders out to the covered lanai/pool area and waterway beyond. The living room has vaulted ceilings and is also open to the gourmet kitchen with huge center island/breakfast bar, tons of custom real wood cabinetry with over and under cabinet lighting, and commercial appliances including a desired gas stove and hood with wood surround! Also in this area, perfect for entertaining, is the formal dining room, all with great light and beautiful views. To the left of the entry, enjoy a spacious primary suite, with dual walk-in closets and an en-suite spa like bathroom with dual vanities, a dressing area, and a large walk-in shower. The bedroom has updated lighting and sliding glass doors out to the lanai/pool. On the opposite side of the home, a guest bathroom with direct pool access has also been updated and has beautiful custom tile and glass work. Also on this side, find 3 guest bedrooms, each with great closet space and lovely natural light. One has sliding door access to the lanai and a built-in murphy bed! Off the kitchen, an interior laundry room works great for extra storage and is off to the side from the entrance to the oversized 2 car garage with extra storage. Outside on the lanai, enjoy an extra-large covered area, that opens to the inside of the home, and has plenty of room to relax. Just beyond this area, a large, heated pool with hot tub all overlook the gorgeous water and dock/lift. Fishing and boating is a breeze here, with great catches right off your dock, or park your boat on the 10,000lb lift already in place and motor out just minutes to open water of Charlotte Harbor. Additional home improvements of note are Impact sliders on lanai and full hurricane protection, plantation shutters, 2 living room floor plugs, hydraulic lift to attic storage, new hot water heater with an extra tankless water heater dedicated to primary bath, new garage door, new pool equipment, and a new roof in 2024! With the option to purchase most furniture/furnishings separately, hit the easy button and secure this amazing home today! Close to St. Andrews Golf Course, the only private course in town, as well as several great shops and restaurants nearby, with transferrable flood insurance, too, schedule your showing today! BE SURE TO CLICK THE FULL VIRTUAL TOUR LINKS FOR DETAILS!
Source: STELLAR #C7509513
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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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