1509 Shadow Ridge Cir Sarasota, FL 34240
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About this home
Welcome to this fabulous ~~3 Bedroom ~~2 bath ~~2,800 sq foot Pool home. Ideally situated on over an acre, right in the heart of town, with NO HOA or CDDs. This remarkable property features Impact Windows throughout for enhanced safety and energy efficiency. The remodeled Custom Gourmet kitchen is a chef’s dream, boasting gorgeous granite countertops, Walnut Wood cabinets with soft-close doors and drawers, and an oversized walk in pantry. The home includes 2 charming Wood-Burning fireplaces—one in the living room and another in the library. High-end engineered flooring and luxury vinyl flooring add elegance throughout the living spaces. The library/office features beautiful built-ins with custom lighting, creating an inviting workspace, entertainment room, or extra sleeping quarters. With new baseboards and fresh paint, this home feels modern and welcoming. While all bedrooms are generously sized, with the primary bedroom features oversized closets and ample storage. The hot water heater was updated in 2024. This home is filled with natural light thanks to numerous windows. Step outside to an oversized caged lanai that has been expanded, overlooking a Large fenced-in backyard with lots of mature oversized green trees. The pool was resurfaced in 2019 and All NEW screened lanai enclosure. A large storage shed in the rear of the property offers additional utility. No need to worry about running out of water. The well is 100 feet deep. New hurricane proof garage door and there’s a separate workspace in the garage that’s perfect for a man cave or workshop. This home is beautifully situated on over an acre of land with lots of room to grow, all with no Constrictions. Located just 5 minutes from stores, restaurants, the Celery Fields, Waterside, and Lakewood Ranch, it’s ideally positioned. Plus, you’re less than thirty minutes away from the world’s most beautiful beaches. This exceptional home is a rare find and has been beautifully updated—don’t miss your chance to make it yours!
Source: STELLAR #A4656284
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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.