205 Cavallini Dr, Nokomis, FL 34275
3 beds · 2 baths · 1,827 sqft
**Charming POOL Home in the highly sought-after waterfront community of Sorrento South!** Lovingly maintained, this home features THREE BEDROOMS, TWO BATHS, and a UNIQUE OVERSIZED LOT (.35 ACRE). As you enter the home, you are greeted by the open floor plan, neutral paint, and tons of natural light, making the home feel spacious and inviting. To the left you will notice the front living room and dining room. The kitchen opens up to the dinette and family room with brick fireplace- perfect for entertaining your guests. The kitchen has been updated to include newer countertops, white cabinets, and stainless appliances. Just past the dining room is the primary suite with dual closets (one walk-in), ensuite bathroom, and plenty of room for a king sized bed. On the opposite side of the home, past the family room, you’ll find the two guest bedrooms and guest bathroom. Sliding doors in the dining room, dinette, and primary suite open to an expansive pool area, allowing you to seamlessly blend the indoor and outdoor living spaces. Relax in your NEWLY RESURFACED, heated pool year-round and mosquito-free! The house is equipped with hurricane shutters, providing a peace of mind during storm season. Significant updates include a NEWER LANAI CAGE (2021), NEWER MANSARD TILE ROOF (2021), NEW HVAC SYSTEM (2023), and NEW WATER HEATER (2024). Fences are permitted in this neighborhood! This home is in the X flood zone- so no need for flood insurance. Sorrento South is a sought-after, deed restricted neighborhood with a public golf course and a marina—where an opportunity could be possible for a boat slip rental from a private owner! Plus, you’re just 3 miles from the beautiful Nokomis Beach, North Jetty, and several waterfront dining locations! You can golf cart or bike on the “back roads” to get to these restaurants and the beach! This unique community has a LOW HOA FEE of just $300 per year and NO CDD FEE! Located just off of US 41 and easy access to I-75! This neighborhood is just a short drive from Venice Island, with it's beaches, charming boutique shops, dining options, Venice Little Theater, fishing pier, weekly farmer’s market, and so much more! Don’t miss the opportunity to make this exceptional property your new home—schedule your showing today!
Source: STELLAR #N6138500
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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 #N6138500
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.