942 Tarpon Ave Sarasota, FL 34237
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About this home
Nestled at the end of a quiet dead-end street just five minutes from downtown Sarasota, this freshly updated 3-bedroom pool home offers the perfect blend of comfort, privacy, and convenience. Set on over a quarter-acre lot, the massive fenced-in backyard is a true retreat—featuring a huge in-ground pool, plenty of room to play or entertain, and dedicated parking for your RV, boat, or extra vehicles. The open floor plan connects the living, dining, and kitchen spaces, creating a light-filled layout ideal for gatherings and everyday living. Luxury vinyl plank flooring has just been installed in the bedrooms, and a brand-new roof was completed in July 2025 for added peace of mind. The backyard also includes two versatile bonus structures—an air conditioned she-shed and an open air man cave—that offer creative space, extra storage, or the perfect home office. Located in an Opportunity Zone, this home presents an exceptional investment opportunity. Enjoy the nearby amenities of Payne Park, top-rated dining, and world-class beaches like Siesta Key, just 15 minutes away. Whether you're looking for a forever home, a seasonal escape, or a smart rental property, 942 Tarpon Avenue delivers space, flexibility, and location with no HOA and no rental restrictions.
Source: STELLAR #A4660753
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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.