1170 Sinclair Dr, Sarasota, FL 34240
2 beds · 1 baths · 1,350 sqft
JUST SHY OF 5 ACRES IN THE MIDDLE OF IT ALL! OPEN USE RURAL ZONING! POTENTIAL EQUESTRIAN ESTATE! You'll find this gem of a property tucked on a beautiful corner lot at the very end of Sinclair Dr. The first time this property has been on the market after having been in the same family for many years. With an abundance of privacy and plenty of room to roam. Just around the corner from the highly sought after Lakewood Ranch and world renowned beaches. All of the top amenities you can think of are just a stones throw away. A horse owner's dream! Two electric wired paddocks, two spacious handcrafted stalls, an extra large wash rack, a custom built barn with stainless fridge, industrial fans, a pole fenced grazing field made with the finest top soil and high-end triple seed which could also be used as an arena, a circular driveway that can be used as a track, and a medical field. A new deep well and pump were also added recently. Bring your vision to life as the main home and guest home are likely tear downs. The living spaces are currently set up as a main home including a couple of bedrooms and a bathroom, with a wraparound porch. Also, a studio layout in the guest home including a bathroom. RV hookups in place too! BRING YOUR HORSES, PETS, RV, and the rest of your toys! Potentially even subdivide this property. Opportunities like this don't come around often. Come see for yourself today!
Source: STELLAR #A4647152
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4647152
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.