30981 Singletary Rd Myakka City, FL 34251
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About this home
NEW PRICE + SOLAR ASSIST + METAL ROOF! This beautifully updated 3-bedroom home sits on 5 ACRES of private, fully usable land in Myakka City—no HOA, NO DEED RESTRICTIONS, zoned AGRICULTURAL! Enjoy peace of mind with a METAL ROOD, IMPACT-RESISTANT WINDOWS, NEW VINYL SIDING, and SOLAR ASSIST for energy savings... ASSUMABLE VA LOAN...The UPDATED KITCHEN and open layout make it perfect for entertaining or quiet country living. Bring your horses, toys, or RV—plenty of space and freedom to live your way. NO DEED RESTRICTIONS. This 2-story house has a great structure featuring a spacious floor plan with 3-bedrooms, 2-1/2 baths, office/den, UPDATED KITCHEN with quartz counter-tops, solid wood cabinets, soft close hinges and drawers. Updated appliances include 4-door Samsung stainless fridge, stainless over-size deep sink, gas range with convection and air-fry capabilities, over-the range microwave with 12" turntable. Updated panty storage area and mud room with exterior door access. SOLAR ASSIST for electric and hot water. Spray foam in attic. METAL ROOF / NEW VINYL SIDING 2022 / IMPACT RESISTANT WINDOWS rewrapped and sealed in 2022. Living room / dining room has wood burning fireplace. 5 ACRES cross-fenced with pond; 60 x 30 WORKSHOP / STORAGE space on concrete slab, 4 GARAGE DOORS with AUTO LIFT and partial AC office space and RV hook-up;chicken coop and a cross-fenced pasture. NO HOA OR CDD fees; zoned AGRICULTURAL including horses, livestock and RVs. Bring your vision to this well-located home with endless potential! Just minutes from Lakewood Ranch yet worlds away from the hustle! Great location near the new Solana Golf Course, Myakka City and close to Sarasota / Bradenton / Lakewood Ranch, I-75, UTC mall and beaches. ZILLOW DOES NOT INCLUDE ALL THE EXTRAS!! This property is priced to sell quickly in its current AS-IS condition. Perfect for buyers looking to customize or investors looking for their next project. Don’t miss this rare opportunity! Priced to move!
Source: STELLAR #A4664324
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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.