3007 Live Oak Ln Palmetto, FL 34221
Your savings
About this home
Priced to sell! Make this delightful Bay Estates North 2/2 villa your private oasis! Nestled in a serene, tree-shaded setting, this beautifully updated, all ages condo offers both comfort and convenience—including the sought-after two-car garage. The entire interior has been freshly painted in a soft, neutral palette—ceilings, walls, doors, and trim—creating a bright and inviting atmosphere throughout. The home features a desirable split-bedroom floorplan and an open-concept living space, perfect for both relaxing and entertaining. The vaulted ceilings and open layout seamlessly connect the kitchen, living, and dining areas, with a breakfast bar that adds functionality and charm. Recent updates include a newer A/C system (2024) and new carpet throughout, making the home truly move-in ready. An enclosed porch extends your living space and invites you to enjoy the tranquil surroundings year-round. A dedicated foyer adds a welcoming touch, and a washer and dryer (purchased new in 2023) are included for added convenience. Ownership includes cable and internet services, lawn care, and the building exterior. The community offers a very scenic locale, and is located within Terra Ceia Bay Club in Palmetto, Bay Estates North residents can elect to enjoy access to golf, a full-service restaurant, pool, pickleball, and tennis—all open to the public with a variety of memberships. The condo’s Palmetto location is a short trip to the restaurants and excitement of St. Petersburg, and a quick ride to the gulf beaches of Anna Maria Island as well.
Source: STELLAR #A4650532
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.