700 Coquina Ct Nokomis, FL 34275
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About this home
Coastal Home 2 miles from Nokomis Beach includes deeded Boat Basin – NO STORM DAMAGE! This beautiful corner lot home offers the perfect blend of coastal living and thoughtful craftsmanship. Situated in a small boater’s community just along Donna Bay, the home also comes with a deeded boat basin. As you step into the home you will enjoy the comfortable feel of the home. Featuring live wood counters and a unique copper farmer’s sink, the kitchen is both functional and a work of art. The sit-in breakfast nook has a bay window with a built-in bench overlooking the gardens. The open split floor plan is freshly painted and provides privacy as the extra large primary suite is off to the left. This room has a large window and sliders that take you out to the hot tub, both of which have fantastic views of the beautiful Florida sunsets. An ensuite bath and large walk-in closet with custom features enhance the convenience of this space. On the right side of the home you will find the second bedroom with direct access to the second bath. Laundry does not even seem like a chore in the beautiful laundry room with a large window. The oversized garage has a fantastic shop area or use it for extra storage! Enjoy the tranquility of your surroundings, with oak and fruit trees dotting the landscape, providing both beauty and privacy. Step outside to your own personal oasis and walk around the large lot to enjoy the different garden areas, the koi pond, or entertain guest in the fire pit area. If you do decide to leave your private oasis, you are just 2 miles to Nokomis Beach, one block from Nokomis Riverview Park as an entrance to the Legacy Trail, and 5 miles to Oscar Sherer Park. There is a public boat ramp just 2 blocks away. Just 2 miles away visit the many restaurants and shops along downtown Venice and all it has to offer including parks, the Venice Theater and more. Venture down to the end of Venice Ave and visit Venice Beach. Your new home is just South of Sarasota and all the arts and entertainment that city has. You will be just 3 miles to I-75 to be off to anywhere you need to be. Live the Florida dream with nature at your doorstep and endless opportunities for relaxation and adventure.
Source: STELLAR #D6138985
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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.
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