5040 Glenn Dr New Port Richey, FL 34652
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About this home
Fully Remodeled Waterfront Oasis in Gulf Harbors! Welcome to 5040 Glenn Dr. - a stunning, move-in-ready, fully remodeled home located in the prestigious waterfront community of Gulf Harbors. This beautifully remodeled 4-bedroom, 3-bathroom residence offers the perfect blend of luxury, functionality, and Florida coastal living. As soon as you step inside, you're greeted with breathtaking water views and an open floor plan that seamlessly connects the living, dining, and kitchen areas—perfect for entertaining and everyday living. The layout is designed to maximize natural light and showcase the serene canal just beyond your backyard. Situated on a deep water canal with direct access to the Gulf straight from your backyard, this home is a boater’s paradise. It features a private dock with a boat lift, allowing you to launch your Gulf adventures right from your backyard. Enjoy sunny days by the sparkling pool and tranquil evenings overlooking the water. Inside, the home has been fully remodeled with all work completed under permits. Updates include: new electrical and plumbing, brand-new windows, modern kitchen with quartz countertops, large-sized indoor space with sitting spaces, a dry bar facing the pool, updated bathrooms, and new LVP flooring throughout, two spacious master suites for flexible living, 2-car garage with a new garage door, split-bedroom layout for added privacy, located in a golf-cart friendly, deed-restricted community. Gulf Harbors offers residents access to a private beach club featuring a pristine sandy shoreline, 21 pavilions, charcoal grills, restrooms, and one of the best spots in the area to enjoy breathtaking sunsets. Annual beach membership is just $200 (optional). Residents may also join the Gulf Harbors Civic Association for $125 per year (optional), providing access to a variety of community clubs, including the Women's Club, Card Club, Fishing Club, Social Club, and more—plus use of two private community boat ramps. This golf cart–friendly community is conveniently located just 3.2 miles from historic downtown New Port Richey, home to Sims Park, which hosts outdoor concerts, festivals, and offers a variety of shops, restaurants, and breweries. This home is close to major highways, nature preserves, boat ramps, restaurants, and big box stores. Schedule your private tour today—this one checks all the boxes!
Source: STELLAR #TB8415036
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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.