2216 Lee Ln
Sarasota, FL 34231
3 beds · 2 baths · 1,660 sqft
$375,000
Get prequalifiedAbout this home
BRING YOUR OFFERS Seller’s Credit up to $2,500 + 1-Year Home Warranty! Situated on a quiet street with NO HOA and NO deed restrictions, this charming mid-century modern home offers a spacious 3-bedroom, 2-bath split floor plan that combines style, functionality, and comfort. Embrace the timeless charm of old Sarasota. This beautifully preserved home blends classic character with modern comfort while offering original architectural details, spacious living areas, and a cozy atmosphere. Now is the perfect time to make this Sarasota home yours! Features include new flooring in the playroom, terrazzo flooring in the main areas, a well-maintained A/C unit (2016), a newer roof (2016), updated stainless steel appliances, and refreshed bathroom vanities. Two flexible spaces provide endless possibilities—ideal for a home office, playroom, or extra entertainment areas. The generously sized bedrooms are spacious, and the primary suite is complete with a large walk-in closet. Step outside to a huge, fenced backyard with ample space for storing your toys, camper, or projects. With two sheds already in place, you'll have plenty of extra storage. The sunny, expansive yard is the perfect canvas for creating your tropical oasis. Located in the highly sought-after, A-rated school districts—one of the best around—this home is just a short drive from Siesta Key, I-75, and SRQ/Bradenton International Airport. Enjoy easy access to Sarasota's finest dining, shopping, and entertainment. With everything you need and more, this home is easy to show and ready for you to move in! Don’t miss this opportunity—schedule your showing today!
Source: STELLAR #A4618997
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.