4078 Groveland Ave Sarasota, FL 34231
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About this home
Enjoy the best of Sarasota living at this well-maintained three-bedroom, one-bath home ideally situated just minutes from beaches, shopping, restaurants, and downtown. Built in 1981 and lovingly cared for by the current owner, this residence offers a rare blend of charm, comfort, and convenience. After admiring the ample parking provided by the freshly graded crushed stone driveway, step inside to find an inviting open layout with tile and laminate flooring and abundant natural light. The remodeled kitchen features granite countertops, refreshed cabinetry, and a clean, functional design that flows easily into the living and dining areas. An elegant brick wood-burning fireplace adds warmth and character to the living room, creating a welcoming space for daily living and entertaining. The primary bedroom includes dual closets and an ensuite jack & jill bathroom, while the two additional bedrooms offer flexibility for guests or as a home office. A newer shingle roof and water heater (2016) provide peace of mind for years to come. Outside, the fenced backyard features a fire pit and expansive deck for entertaining or relaxing in privacy. Also tucked away in the backyard is a large permitted shed that is perfect for use as a workshop, for extra storage, or even as an ADU for hosting guests. Set on a quiet street with no HOA or deed restrictions, this home delivers the freedom to enjoy your property your way, all while being close to everything Sarasota has to offer. Don’t miss your chance to see this move-in-ready gem.
Source: STELLAR #A4669478
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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.