7843 16th Ter, Labelle, FL 33935
5 beds · 4 baths · sqft sqft
This newly constructed architectural marvel, expertly crafted and epitomizing luxury, is prominently situated within the esteemed Wheeler Estates, on one of the few paved roads and occupying a sprawling 2.5-acre site that harmoniously blends the serene beauty of country living with a prime location. With an expansive 4,025 square feet of sophisticated living area under air, the residence is distinguished by its lofty 12 to 14-foot ceilings, ensuring an atmosphere of spaciousness throughout. The residence’s custom built floor plan encompasses five spacious bedrooms, an office/den, and a self-contained Mother-in-Law suite complete with a private kitchenette, perfectly accommodating both family life and guest hospitality. The property includes four lavishly designed bathrooms, a large gourmet kitchen outfitted with premier Viking and KitchenAid appliances, and an extensive custom walk-in pantry. Highlighting its refined aesthetic, the kitchen and bathrooms feature Greylac Quartz countertops, while elegant wood-like tile flooring and striking wood tray ceilings in the living room, dining room, and master suite amplify its aesthetic appeal. A significant enhancement to this magnificent estate is the permitted 40x50 steel building, equipped with 10x16 glass sliders and two 10x10 roll-up doors, ideal for vehicles or recreational equipment. The residence is also fortified with a Whole House Reverse Osmosis System and is pre-plumbed for an outdoor kitchen, offering convenience and future customization options. Adding to its allure, the estate includes pool renderings based on proposed plans, and features a mounting link for Starlink Internet, ensuring high-speed connectivity which will convey with the property. Each closet within the home has been meticulously designed with custom-built ins, underscoring a commitment to elegance and practicality. Boasting an extensive list of premium upgrades and bespoke features, this home is a testament to architectural excellence and design ingenuity. It represents a unique opportunity to own a piece of luxury that is truly unparalleled, inviting you to experience a level of sophistication and detail that is rare to find. AGENTS SEE REMARKS!
Source: FORTMYERS #224020104
You may be able to put down less than the total down payment amount of $359,933 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224020104
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224020104
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.