6939 Mcgrady Dr Melbourne, FL 32940
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About this home
As the leaves begin to change, so has the price on this stunning Heritage Isle home—making this the perfect autumn opportunity to settle into comfort and elegance! Built in 2005 and thoughtfully updated throughout, this three-bedroom, two-bath residence offers 2,015 sq. ft. of beautifully designed living space in the highly sought-after 55+ gated community of Heritage Isle. The spacious primary suite includes a versatile bonus office/flex space—ideal for work, hobbies, or a quiet retreat—while the home's open layout and numerous upgrades create a warm and inviting sanctuary for both everyday living and effortless entertaining. Step through the grand tiled entrance and into an open floor plan that immediately draws your eyes to the tranquil views of the lush greenery beyond the extended lanai. Designed for Florida living, this outdoor retreat features epoxy flooring, a new screen door, upgraded coach lights, and an accordion shutter system that allows you to quickly and securel enclose the covered patioideal for both storm prep and peace of mind. Inside, you'll find tw spacious living areas and a formal dining room, providing flexibility for intimate gatherings or larger celebrations. At the heart of the home, the newly updated kitchen sparkles with stainless steel appliances, a new stainless steel sink, gorgeous backsplash, and a functional island that seamlessly connects to the main living roomperfect for hosting family and friends. The primary suite is a true retreat, offering an oversized walk-in closet, an office/flex space for hobbies or work, and a spacious primary bath with dual vanities. The highlight is the luxurious walk-in tub and shower combination, thoughtfully designed with convenience and comfort in mind. With a tiled entry way and bench seat to the side this is the perfect spa like retreat! Two additional bedrooms with new carpet share a hall bath with a shower/tub combo, offering ample space for guests. Beyond the home itself, Heritage Isles provides a resort-style lifestyle. Residents enjoy a clubhouse with full-service restaurant, theater, billiards, card rooms, and a fitness center. Outdoor amenities include tennis, pickleball, racquetball, and a heated swimming pool and spa. Golf-cart friendly pathways and beautifully landscaped grounds make it easy to explore and enjoy the community while enjoying the privacy and peace of a guard-gated neighborhood. Perfectly located near The Avenues at Viera, you'll have easy access to shopping, dining, and entertainment, along with some of the area's best healthcare centers, outdoor parks, and recreational activities. Spend the day exploring the nearby Brevard Zoo, enjoy the sun and surf at the beautiful Space Coast beaches, or take in the wonder of the Kennedy Space Center, all just a short drive away. And with Orlando's world-class attractions and international airport within easy reach, this home truly places you at the center of Florida's finest living at Heritage Isle. Additional features include: Freshly painted interior and exterior (2025) Roof installed in 2021 New ceiling fans throughout Convenient in-home laundry with washer & dryer included Epoxy-finished garage and lanai floors for durability and style Accordion hurricane shutters for added security Conveniently installed grab bars for accessibility
Source: BREVARDMLS #1055131
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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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