1522 3rd Street Cir E, Palmetto, FL 34221
4 beds · 4 baths · 2,848 sqft
Nestled in the prestigious Hammock at Riviera Dunes, this impeccably maintained townhome defines luxury living in a picturesque, resort-style boating community. Spanning 2,848 sq ft across three beautifully designed floors, it offers 4 bedrooms, 4 baths, a private elevator, and a spacious two-car garage. The second level features sun-drenched living spaces with Tuscan-inspired architectural details, seamlessly blending elegance and functionality. The chef’s kitchen boasts granite countertops, a gas range, 42-inch wood cabinets, and a breakfast bar, flowing effortlessly into the dining and living areas—perfect for entertaining. A versatile third bedroom or office completes this level. Upstairs, the private elevator opens to a lavish primary suite with a spa-like en-suite bath, alongside a second en-suite bedroom, with a convenient laundry room tucked between. The expansive balcony spans the entire second level, offering breathtaking views of the courtyard and lake, complete with a natural gas hookup for your grill—ideal for endless outdoor gatherings. The ground floor is a true gem, offering flexible space for a man cave, she shed, in-law suite, or home office, with sliding doors leading to a lushly landscaped patio and serene lake views. Residents enjoy exclusive access to top-tier amenities, including two pools, tennis and pickleball courts, a state-of-the-art fitness center, and an 80-acre protected marina with available boat slips, plus an on-site restaurant and bar. The Palmetto Marriott Resort & Spa is already finished. Roof top restaurant and bar with amazing views of the Manatee River. This maintenance-free home includes HOA coverage for cable, internet, ADT security monitoring, irrigation, flood insurance, landscaping, roof and exterior maintenance, fire sprinkler service, and termite control. Conveniently located just minutes from Gulf Beaches, downtown Bradenton/Sarasota, and multiple airports, 1522 Third Street Circle E invites you to indulge in the ultimate waterfront lifestyle. Don’t miss your chance to call this exquisite residence home—schedule your private showing today!
Source: STELLAR #A4639995
Financials
Source: STELLAR #A4639995
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.