YES, THIS HOUSE NEEDS SOME WORK -- BUT HOW DOES A 4.9% INTEREST RATE SOUND? For a qualified buyer, the existing VA loan may be assumable at an attractive 4.9% interest rate. And here's the important part: you do NOT have to be a Veteran to qualify for the assumption. Buyer qualification, loan servicer approval, and applicable terms and conditions are required. Now, about the house. This 3-bedroom Islamorada home is livable in its current condition, but it's ready for updating and a new owner's vision. The home is dated and needs a new roof, while its concrete construction, generously sized rooms, functional floor plan, and oversized lot provide plenty to work with. Update it over time or take on a larger renovation and make it completely your own--the choice is yours. Then there's the location--something you can't renovate or replace. Founders Park is directly across the street, putting the bayfront beach, community pool, public boat ramp, sports fields, playgrounds, dog park, and year-round community events practically at your doorstep. This isn't a shiny, newly remodeled home--and that's part of the opportunity. It's a chance to buy in a desirable Islamorada location, add your own improvements and style, and potentially take advantage of an assumable VA loan at 4.9%. Bring your ideas, envision the possibilities, and be sure to ask about the loan assumption.
| MLS # | 619040 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 240 |
| Listing Provided By | Century 21 BE3 | Tracy Larson |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,749 |
| Units | 1 |
| Zoning | R1 - Residential Single Family |
| Acreage | 0.20 |
| Water Front | None |
| Property View | No Waterview |
| Property | 1054 |
|---|
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33036 |
| Area | 25 Plantation Key |
| Community Name | Plant Ridge (87.0) |
| Listing VS Median (in Plant Ridge (87.0)) | |
Price: $575,000 low | high Med: $575,000 sqft: 1,749 low | high Med: 1,749 $ / sqft: $329 low | high Med: $329 On site: 240 low | high Med: 240 | |
| State | FL |
|---|---|
| County | Monroe |
| City | ISLAMORADA |
| Zip Code | 33036 |
| Area | 25 Plantation Key |
| Community Name | Plant Ridge (87.0) |
| Listing VS Median (in Plant Ridge (87.0)) | |
Price: $575,000 low | high Med: $575,000 sqft: 1,749 low | high Med: 1,749 $ / sqft: $329 low | high Med: $329 On site: 240 low | high Med: 240 | |