1528 43rd Avenue Dr W, Palmetto, FL 34221
3 beds · 4 baths · 1,773 sqft
SNEAD ISLAND WATERFRONT LIVING AT ITS BEST!!! This stunning, one-owner custom ELEVATED home embodies the charm of the Key West style and is perfectly situated on a quiet cul-de-sac with a SALTWATER CANAL leading directly to Terra Ceia Bay and the Gulf of Mexico! From the moment you arrive, the home’s impeccable design and curb appeal captivate—featuring a paver driveway, metal roof, lush tropical landscaping, and an inviting front porch. Step inside to discover a bright and airy great room, where vaulted ceilings, expansive windows, and glass doors bring in an abundance of natural light and breathtaking outdoor views. The owners have meticulously maintained the property as original owners and have upgraded all the windows and doors to HURRICANE IMPACT RATED! Designed for both entertaining and intimate gatherings, the kitchen boasts shaker style cabinetry, generous counter space, stainless steel appliances and a breakfast bar seamlessly connecting to the main living area. The dining room, complete with a dry bar and views of the water create a picturesque dining experience. The master bedroom is large and features wood floors and two closets including a large walk in. The ensuite bathroom offers a large vanity and a walk in shower. The two guest bedrooms are also generously sized and offer ensuite bathrooms as well! Additional spaces in the home include a convenient powder room for guests and a well-appointed laundry room includes a sink and closet storage for added functionality. This house truly embodies coastal Florida living with its outdoor living spaces! The elevated covered screened rear porch is the perfect place to enjoy a meal and offers a wet bar and direct pass thru window to the kitchen. Step thru the screen door and you will be amazed at the huge, expansive TREX wraparound deck, ideal for entertaining friends and family! From the deck a paver walkway leads to the dock which is equipped with electricity, water, and a 12,000-pound boat lift, and is just three homes away from open water—offering unparalleled convenience for boating enthusiasts. The oversized three-car garage with a dedicated workshop space also features a rear access door—perfect for storing all your boating equipment. The workshop space also easily doubles as a tackle room as well! The yard and landscaping are maintained by a full irrigation system and highlighted by extensive outdoor lighting. You will have direct water access with NO BRIDGES to Tampa Bay and the Gulf of Mexico. Heritage Bay community offers a tennis court and a community pool. Only 15 miles from the sandy beaches of Anna Maria Island & easily accessible to I-75. Located on one of the undiscovered treasures of the West Coast of Florida--Snead Island. Whether you enjoy dining or boating at the local Yacht Club, biking or kayaking all of the trails of the 365 acre Emerson State Park, or seeing the horses at the local stable, Snead Island truly has something for everyone and is the best of what Florida has to offer!
Source: STELLAR #A4641079
Financials
Source: Public records
Source: STELLAR #A4641079
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.