539 Libby Rd Babson Park, FL 33827
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About this home
Check out the PRICE ADJUSTMENT on this immaculately maintained, move-in ready home!! Spacious, 5 bedroom, 3.5 bath, tri-level home with all the peace and comfort you desire, is located in the heart of beautiful Babson Park! The home sits on .58 of an acre and boasts lovely garden and nature views from every angle. Completely fenced and thoughtfully designed, the grounds have mature, graceful trees, a multitude of fruit bearing vegetation (banana, papaya, ginger, avocado, gandules, pineapple, peppers, & more!), as well as flowering plants that attract birds and butterflies to the oasis. The primary suite's second story balcony, as well as the relaxing swings positioned around the home, provide welcome opportunities for those much needed serenity breaks. The home has been updated and upgraded over the last several years including a new roof, new A/C, new septic system, new double pane windows & glass doors, new water softening system, gutters, fresh exterior paint, a remodeled kitchen with granite counter tops, stainless steel appliances, & a reverse osmosis filtration system, new flooring, an eight camera security system with remote monitoring features, an outdoor Bluetooth sound system to enjoy your favorite tunes while you relax or entertain in the awesome outside living spaces, & ultra convenient, remote controlled outdoor lighting. There are two primary suites (one on the first floor, one on the second) and a bonus room at the lower level that could be used as an office space, entertainment/gaming room, crafting space, extra storeroom, etc. The family room and primary suite on the first floor have a separate rear entrance and could easily be converted to an in-law suite or rental space. The home also has numerous large closets providing more than ample storage space. The owner has designed a very resourceful 825 gallon rainwater catchment system which is used to provide the gardens with nature's best hydration. Park your vehicles in the attached two-car garage which also has workspace benches and storage shelving. The property has plenty of additional parking space, too, for larger families and/or for those who enjoy entertaining. The storage shed has electricity and A/C! And let's not forget to talk about location; Babson Park is a tiny town (not even a traffic light!) located just minutes from Webber International University and a short distance to shopping, medical facilities, and other essentials. Yet, positioned about ninety minutes from either Orlando or Tampa, you are still close enough to enjoy big city life, if and when you choose to; you truly can get away from the hustle and bustle of big city life, but still have all the advantages within your daily reach! You really must see this home in person to appreciate all of its awesome amenities! Schedule your private showing today to see why Babson Park is an amazing place to call home! Please, note: Although details and measurements are deemed reliable, Buyers are responsible for independently verifying all information.
Source: STELLAR #S5121893
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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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