2110 Euclid Ter, Sarasota, FL 34239
3 beds · 3 baths · 1,946 sqft
Welcome to this charming 2 dwelling Mid-Century single-family home and guest house in the highly sought-after Arlington Park neighborhood of Sarasota. This beautiful property boasts a main house with 3 bedrooms and 2 bathrooms, along with a separate guest house featuring 1 bedroom and 1-bathroom, full kitchen, and Livingroom space—perfect for guests, family, or as a rental opportunity. The guest house has a separate private driveway perfect for a tenant. Situated less than a mile from Sarasota Memorial Hospital and just minutes from downtown, this home offers easy access to the world-renowned beaches of Siesta Key, Lido Beach, and Longboat Key. Just a short walk to Arlington Park where you have access, to tennis courts, basketball courts, racquetball, playground, picnic areas, and the fitness and aquatic center. The property is nestled on a peaceful, quiet dead-end street between million-dollar homes, providing both privacy and tranquility. Both the main house and guest house have been updated with new roofs, and the interiors are graced with stunning Spanish tile flooring throughout. A beautiful stone wood-burning fireplace adds warmth and character to the living space. The home features classic Mid-Century architecture with hand-carved wood doors and unique design elements that enhance its charm and timeless appeal. high ceilings with beautiful wood beams. The kitchen is centrally located with eat in kitchen space that features solid wood cabinets and newer stainless-steel appliances. Whether you're looking for a perfect family home, an investment opportunity, or a space for additional family living, this property offers endless possibilities. It’s a cozy, safe, and quiet retreat with an unbeatable location—don’t miss out on this incredible opportunity!
Source: STELLAR #A4646880
Financials
Source: Public records
Source: STELLAR #A4646880
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.