807 Nectar Rd Venice, FL 34293
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About this home
One or more photo(s) has been virtually staged. Seller is offering $5000 buyer closing cost credit with acceptable terms! Welcome to 807 Nectar Road — an inviting, move-in ready home with an impressive list of updates and a prime location near the Gulf Coast’s best attractions. Situated on a spacious corner lot in South Venice, this charming 2-bedroom, 2-bath home has undergone an extensive renovation. Step inside and you’ll immediately notice the fresh interior paint, sleek new luxury vinyl-plank flooring, and an abundance of natural light throughout. The open living and dining combo, with high ceilings, creates a welcoming space for entertaining, while the kitchen offers a cozy breakfast area, brand new cabinets, new quartz countertops, and gleaming stainless-steel appliances (refrigerator not included). A versatile enclosed Florida room offers additional space that can be adapted to suit your needs, whether it be a home office, hobby and craft room, or entertainment area. Both bathrooms have been beautifully redone, featuring exquisite tile work that showcases quality craftsmanship, while new lighting fixtures add a stylish, modern touch. Enjoy the comfort of a brand-new AC system and the peace of mind that comes with a brand-new roof and an all-new septic system, including a new drainfield. The home also features an interior laundry room, a 1-car garage, and a generously sized yard with endless potential for outdoor living, gardening, or perhaps a pool or spa. Located just minutes from the white-sand beaches of Venice and Nokomis, this home offers convenient access to Sarasota, renowned for its vibrant arts scene, cultural attractions, and shopping and dining options. Outdoor lovers will appreciate nearby parks, walking trails, and golf courses, while the quaint charm of Historic Downtown Venice is just a short drive away. Whether you're looking for a full-time residence or a seasonal retreat, 807 Nectar Road delivers comfort, style, and location. Don’t miss this opportunity to own a fully updated home in one of Florida’s most desirable coastal communities. Information is believed to be accurate but is not guaranteed. Please note there may be a gopher tortoise on the property. Buyers and agents to verify all facts pertinent to their purchase decision.
Source: STELLAR #TB8365002
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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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