800 W Lake Elbert Dr NE Winter Haven, FL 33881
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About this home
One or more photo(s) has been virtually staged. A RARE HISTORIC MASTERPIECE ESTATE ARCHITECTURALLY DESIGNED, BUILT, AND RESIDED BY CYPRESS GARDENS FOUNDER DICK POPE. 800 West Lake Elbert Drive offers a rare opportunity to own a truly iconic piece of Central Florida’s heritage. Overflowing with timeless character while for today’s living comfort it has been meticulously blended with modern amenities. From the appointed grand imported Italian outdoor fountain centering the front of the estate to the stunning detailed craftsmanship throughout its charming interior, you’ll feel like you’ve stepped into a time capsule. The original details abound — including hardwood floors, handcrafted wood doors, intricate moldings, built-ins, and vintage tile — all beautifully preserved to honor the home's architectural roots. The formal living room welcomes you with its crafted fireplace, pocket doors, and appointed staircase leading the upper level living quarters. The spacious formal dining room featuring classic built-ins. Adjacent is a thoughtfully updated kitchen where history charm blends with contemporary convenience: custom wood cabinetry, stone countertops, stainless steel appliances, a copper farmhouse sink, and a natural gas stove. The adjoining butler’s pantry includes a second staircase to the upper level, adding both function and flair. The formal dining room expands through french doors into an expansive den that boasts the original mosaic tile floor offering a flexible space for entertaining or relaxing. The outdoor porch is screened for relaxing while capturing nature and the Florida breeze. Among many other features this estate includes a bonus room with a full bathroom also draped in original vintage tile and vanity. The upper level of the estate features a secondary master suite with walk-in closet and private ensuite with beautifully preserved original tile and lighting fixtures. Two additional guest bedrooms share a full bath and the indoor laundry room adds convenience. The expansive primary suite features a private sitting room with a wood-burning fireplace, a walk-in closet, and an en-suite. Original built-ins in the bedroom blend seamlessly with the refined updates, creating a space that is both restful and regal. This historic gem also has the potential to be officially registered as a historic landmark, making it not just an estate, but a legacy. A bonus is an existing assumable FHA mortgage with only 3.5% interest rate. This is truly a rare opportunity for the buyer that loves historic masterpieces. Don’t delay..... Make your appointment today.
Source: STELLAR #TB8382290
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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.