8306 Red Spruce Ave Riverview, FL 33578
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About this home
4 Bedroom + Loft! TAMPA TRAVEL TIME- LESS THAN 20 MIN! TRAVEL TO MACDILL AFB- 30 MIN! This really is one of the best spots in the Tampa Bay suburbs to live for commute travel to Tampa! Approx 3.5 miles to the Selmon Expressway from your doorstep, making commuting a breeze! Magnolia Park Southwest, built by Pulte, is a GATED enclave where all the lawn work is done for you! HOA fees include lawn maintenance and mulching! No more mowing or yard work for you or your neighbor! Instead, drive through the gates of Magnolia Park Southwest to find green, manicured lawns and sidewalk streets! This NORTH-facing home is a showstopper at first glance with a stunning open floorplan! Step into the bright 19' cathedral foyer, where soft natural light filters through, highlighting a wooden staircase with double-twist iron balusters that leads to the open loft and hallway. The kitchen boasts granite countertops, a full tile backsplash, a spacious 9'x5' island with breakfast bar & pendant glass lighting, an undermounted single basin stainless steel sink, stainless steel appliances, staggered 42" upper cabinets with crown molding, a lazy susan and a closet pantry for all your storage needs! The bonus/flex room is just off the kitchen- use it for a den, an office or even a 4th bedroom! Up the stairs -the second level LOFT is an oversized 15'x18'- a perfect versatile retreat for kids, exercise, movie room and more! The primary bedroom is separated from bedrooms 2 and 3 and offers a spacious 14'x15' layout with peaceful views of the back greenscape and water. Its luxury ensuite features an elongated shower, dual under-mounted sinks with granite countertops, along with a linen closet and walk-in closet. The laundry room is a separate room for all your messes and is conveniently close to bedrooms 2 & 3--washer and dryer included! Screened & covered 11'x14' lanai has water views! The CDD in this community is a LOW $475/yr! Amenities include Magnolia Park's multiple pools, basketball court, playground and splash pad! Outdoor lovers can hop on Faulkenburg for miles! Also includes hurricane shutters! Not a flood zone! Travel into Tampa for dinner, a game at the Amalie Arena, travel to the beaches, get to work without the hassle of the traffic increasing your travel time! Close to urban conveniences like- shops, restaurants, movie theatre without the travel!
Source: STELLAR #TB8364694
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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.