11571 Okaloosa Dr, Venice, FL 34293
2 beds · 2 baths · 1,434 sqft
Live every day like you're on vacation at Grand Palm! Welcome to this exceptional 2-bedroom, 2-bathroom villa with a 2-car garage PLUS a den, perfectly situated in this resort-style, gated community offering a maintenance-free lifestyle. This home offers an incredible opportunity with an assumable VA loan at a low 2.3%, providing significant savings for qualified buyers. Enjoy ultimate privacy with no rear neighbors on this tranquil preserve lot. The attractive curb appeal of this like-new home built in 2019 is sure to impress, from the freshly painted in March 2024 exterior, Mediterranean tile roof, to the pavered driveway and pathway surrounded by lush landscaping. Stepping inside the foyer, French doors lead you to the bonus room that offers versatility, whether you're looking for a home office, gym, playroom, or even a third bedroom. Make your way to the open-concept great room, where the stunning kitchen is seamlessly connected to the living and dining space. The spacious modern kitchen showcases an upgraded stainless steel appliance package with gas range, white cabinetry accented by black pulls, quartz countertops with a large island for extra seating, and a generously sized pantry offering ample storage space. Under cabinet lighting illuminates the stunning backsplash. The living room features a tray ceiling and an accent shiplap wall that is sure to be a conversation piece while enjoying the serene backyard views. The owner's suite offers a private retreat at the rear of the home, overlooking the preserve, and features a beautifully appointed bathroom with separate vanities, a walk-in shower, and two closets for ample storage. The split-bedroom floor plan allows for much-desired privacy, so the second bedroom provides flexibility for guests or additional family members, while the second bathroom is conveniently located nearby. Enjoy the convenience of having an indoor laundry room, as well as the peace of mind of having impact glass windows throughout the home. Outside, the extended screened-in lanai overlooks peaceful preserve views, perfect for taking in all that nature has to offer. The lanai is also pre-lined with a natural gas hookup to build the outdoor kitchen of your dreams, ideal for entertaining family and friends. Grand Palm offers its residents a resort-style living experience, including three pools, pickleball, and a variety of monthly activities. Fitness enthusiasts will enjoy the on-site weight and cardio rooms, while families can enjoy the pool with a waterslide, playground, and splash pad for the little ones. There are not one, but two dog parks for your furry family members. Enjoy Exploration Park, miles of walking trails meandering through the natural preserves, and dozens of lakes and ponds for kayaking and fishing. This is truly a one-of-a-kind community, close to Downtown Wellen Park, Venice Island, Sarasota, pristine beaches, professional sports, dining, shopping, and cultural venues!
Source: STELLAR #a4609468
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4609468
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #a4609468
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.