Welcome to one of Lake Lenelle Woods most exceptional properties, where custom craftsmanship, privacy, and functionality come together on a beautifully maintained 1.1-acre homesite in highly desirable unincorporated Seminole County. With no HOA, no neighbor to the right, and direct access to the scenic 7-mile Flagler Trail, this is the lifestyle property you've been searching for. Surrounded by mature trees and abundant wildlife, this impressive 4-bedroom, 2-bath residence offers the perfect balance of indoor comfort and outdoor living. Natural light pours throughout the home, while four sets of sliding glass doors seamlessly connect the interior to the expansive screened lanai and sparkling in-ground pool, creating an entertainer's dream and true Florida living experience. A custom glass double-door entry welcomes you inside, where thoughtful upgrades and quality finishes are evident throughout. The spacious floor plan includes a formal living room with a striking custom wood-burning fireplace, a dedicated dining room featuring built-in linen storage and appliance cabinetry, and a beautifully remodeled gourmet kitchen completed in 2025. Designed for both everyday living and entertaining, the kitchen showcases solid birch cabinetry, Viscon white granite countertops with a waterfall edge, a Moen smart faucet, pot filler, built-in ice maker, wine cooler, custom hood vent, metallic backsplash, counter-depth Bespoke refrigerator, dual convection ovens (one with air fryer), soft-close cabinetry, pull-out pantry storage, and an oversized breakfast bar accommodating 5-8 guests. The oversized primary suite offers a private retreat with direct pool access, dual walk-in closets, and a spacious ensuite bath. A desirable split-bedroom floor plan provides privacy for family and guests, while the secondary bath offers convenient pool access. Outside, the possibilities are endless. The level, usable backyard is ideal for recreation, pets, and gatherings, while the impressive 1,100-square-foot detached block garage provides incredible flexibility for hobbyists, business owners, car enthusiasts, or those needing extensive storage. Featuring water, electric, attic space, a metal roof, three garage doors including two oversized 12-foot doors, and dedicated equipment access, this space is ready for your vision. Additional features include a two-car carport, 10x20 storage shed, solar-powered gated entrance, long concrete driveway, and circular turnaround. Recent improvements include fresh interior and exterior paint (2026), HVAC system replacement (2019), water heater (2024), and durable 50-year metal roofs on both the home and detached garage. Additional upgrades include double-pane windows and sliding doors, solid wood interior doors, modern barn doors, matte black Baldwin hardware, 5.5-inch baseboards, and comfort-height toilets throughout. Backing to a natural privacy buffer and the Flagler Trail, residents enjoy daily visits from deer and native wildlife while remaining just minutes from shopping, dining, major employers, Oviedo, Orlando, the Central Florida Zoo, world-famous attractions, and Florida's beautiful beaches. Zoned for highly rated Seminole County schools, including Walker Elementary and Lawton Chiles Middle School. Properties offering this combination of acreage, privacy, premium upgrades, extensive garage space, and prime Seminole County location are incredibly rare. This is a home that must be experienced in person to fully appreciate.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
