12664 Sagewood Dr Venice, FL 34293
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About this home
One or more photo(s) has been virtually staged. Short Sale. SHORT SALE. Discover this stunning 4-bedroom, 2.5-bath, 2-car garage, 2-story *LAKEFRONT* home nestled in the vibrant gated community of Grand Palm in Venice. As you step inside, you will be welcomed by an open floor plan featuring high ceilings, warm tones, and new laminate flooring. A picturesque setting of serene water views is set when you walk through the front entrance. Just slide open the 3 door pocket slider in living room to bring in fresh air. Step outside to the covered lanai, where you can savor the tranquility of the large private backyard with eastern exposure and even enjoy your morning coffee while watching the sunrise over the lake.The kitchen has cherrywood cabinets, granite countertops, stainless steel appliances, and a breakfast bar. Create dishes like a pro with the gas range stove. The formal dining room and casual dining area provide a perfect setting for both intimate gatherings and lively meals. The dining room is a flex space and could be used as an office or secondary sitting area.<br><br> The second floor features the primary suite, complete with a walk-in closet and a private bath with dual sinks and a spacious walk-in shower. You will also find three additional bedrooms, a separate full bath, and a laundry closet. A half bath on the first level adds to the home's functionality. The property is equipped with hurricane shutters, an irrigation system, a whole-home water softener system, a new hot water heater installed in 2024, and stairway to attic for convenience. Home was appraised at $640,000 within the last 12 months. Grand Palm offers an active lifestyle with amenities including a resort-style pool, clubhouse, spa, open café kitchen, tiki pavilion, game room, fitness center, walking trails, dog parks, playground, basketball, tennis, bocce ball, pickleball, and volleyball courts. The community also hosts numerous social activities, ensuring there's always something to enjoy. Conveniently located just 20 minutes from downtown Venice and its pristine beaches, this home also offers easy access to Wellen Park, known for its fine dining and entertainment. This must-see home is ready for its new owner, Don't miss the chance to make this exceptional property your new home sweet home.
Source: STELLAR #N6140067
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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.
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