5828 Lincoln Rd Venice, FL 34293
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About this home
Spacious 4-Bedroom Home with Office and Pool; $55,000 in upgrades and improvements from 2020–2025, – Just 3 Miles from Manasota Beach! Welcome to this updated 4-bedroom, 2-bathroom home with a dedicated office and a comfortable living space in sunny Venice, Florida. Situated just under 3 miles from the pristine shores of Manasota Beach, this residence offers the ideal combination of coastal living, comfort, and convenience. Step inside to vaulted ceilings with exposed wood beams in the living room, wood-like ceramic tile flooring throughout the common areas, and an open layout perfect for entertaining. The kitchen features beautiful cabinetry, new stainless steel appliances (2021), raised dishwasher, and flows effortlessly into the dining and living spaces. A dedicated office offers the perfect work-from-home setup or bonus room flexibility. The primary suite includes a walk-in closet and a private en-suite bath with an additional sitting room that could be used as an office, library, den, or nursery. Outdoors, enjoy your own private retreat with a screened pool with a new 3-speed pump (2023) and space for lounging or entertaining. Highlights include: new roof with third nail (2020), new drain field (2020), replaced all gutters, soffits, J-channel, & facia (2025), fresh exterior paint (2024), new wood-like ceramic tile throughout the common space (2023), attached 2-car garage, recently lined sewer lines, county water, low annual HOA fee of just $325 per year, located in the preferred "X" flood zone (flood insurance not required when seeking financing), scenic community pond with catch-and-release fishing, larger than most homes in the community. Whether you're looking for a primary residence, seasonal getaway, or a smart investment, this home checks every box. With space to spread out, recent upgrades, and unbeatable proximity to beaches, shops, and dining, this property is Florida living at its best. Attention qualified VETERANS: The seller has an ASSUMABLE VA mortgage at 3.5% interest rate. Copy and paste the following link to view the luxury video: https://player.vimeo.com/video/1093352294?badge=0&autopause=0&player_id=0&app_id=58479
Source: STELLAR #N6139247
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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.