830 Cr 457 Lake Panasoffkee, FL 33538
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About this home
BELOW APPRAISAL VALUE- PROPERTY WAS APPRAISED AT $435,000 Seller will replace the septic tank before closing, or provide a credit to Buyer at closing for the cost of replacement. Wake up each day to the serene beauty of Lake Panasoffkee in this beautifully remodeled 2-bedroom, 1-bathroom pool home, perfectly situated in the sought-after Tracy’s Point Community. With panoramic lakefront views from nearly every room, this home combines modern upgrades with timeless lakeside charm. Step into the gourmet kitchen, complete with stainless steel appliances, granite countertops, and stylish tile floors. Whether preparing dinner for family or entertaining guests, this space is designed to impress. From the kitchen, flow into the expansive family room, where a cozy wood-burning fireplace and endless lake views create the perfect backdrop for year-round enjoyment. Outside, your private oasis awaits. Take a dip in the fenced-in, in-ground pool, unwind in the hot tub while watching sunsets over the water, or launch your boat directly from the canal with float-on boat port for endless adventures. With two lakefront lots, you’ll enjoy an impressive 320 feet of waterfront and a brand-new seawall for long-lasting protection and peace of mind. The second lot is platted and ready to build, offering an incredible opportunity to expand or create a custom retreat. Energy efficiency is built in, thanks to a newly spray-foamed attic that keeps utility costs low and comfort high year-round. For outdoor enthusiasts, the community boat ramp provides easy access to Lake Panasoffkee and the Withlacoochee River—perfect for fishing, boating, and exploring nature.Just a short drive from town yet tucked away in a peaceful setting, this home offers the perfect blend of relaxation and convenience. This is more than a house—it’s a lifestyle of adventure, tranquility, and unmatched lakefront beauty. Don’t miss your chance to own a piece of paradise. Schedule your private showing today!
Source: STELLAR #TB8358316
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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.