225 Oberlin Rd, Venice, FL 34293
2 beds · 2 baths · 1,462 sqft sqft
A MUST SEE! **BONUS**SELLER OFFERING $4000 BUYER CLOSING CREDIT! Apply funds towards closing costs or make cosmetic changes! This ADORABLE MOVE-IN READY SOUTH VENICE "FENCED" home features a split 2 bedroom, 2 bath layout with a lovely transformed garage conversion offering a 3rd BEDROOM or HOME-OFFICE (permitted 2014) . This home stood strong and HAD NO HURRICANE DAMAGE. METAL ROOF installed in 2018, WHOLE-HOUSE REPIPE 2016, 2-Ton YORK AC installed 2023, WATER HEATER installed 2024. This will be a great starter home or a wonderful vacation retreat! There’s a charming interior laundry room with utility sink and separate mudroom for storage. ORIGINAL HOMEOWNER also added an attached a side shed for outdoor storage (permitted 2016). There’s extra parking along the side with a cement pad for second vehicles, boat or RV. This Venice home has NO DEED RESTRICTIONS, so NO HOA or CDD FEES, AND NO FLOOD INSURANCE needed! This magical home features high ceilings, rustic wood grain TILE floors in the main areas, bathrooms, and home-office, plus carpeting in the two bedrooms. The beachy remodeled bathrooms have been beautifully upgraded with higher vanities, nice tile surrounds, stone accents, and a large walk-in glass shower with bench seat. The renovated cozy kitchen showcases gorgeous stone counter tops with cottage style wood cabinets featuring enhanced pull-out drawers & soft close upgrades, closet pantry, sunny breakfast nook, and a pass-thru window to the enclosed covered lanai. The oversized master bedroom has an en-suite bathroom featuring a tile surround jacuzzi tub and a deep walk-in closet. The dining room has pocket slider doors leading to a large 26 x 10 covered & enclosed lanai, featuring a CONVEYING 6-PERSON HOT TUB and BRAND NEW LANAI FURNITURE. Other CONVEYING items include: GENERATOR, 3 TVs, living room TV stand, curio, all beds, and home-office furniture - practically TURN-KEY and ready to rent! The backyard also features a cozy patio fire-pit to enjoy chilly winter evenings! IDEAL LOCATION, just off 776/Englewood Rd, close to Jacaranda shopping, restaurants and beaches! Manasota Beach ONLY 5 minutes away, featuring a great public boat ramp and one of the areas most attracted beaches for shark tooth hunting! There’s also Sarasota County’s Challenger Park within biking or walking distance, less than 1 mile away, featuring a playground, basketball court and picnic area. You may also join the South Venice Ferry Association for a nominal fee, to enjoy a private ferry ride to the South Venice private beach. Call today for your private showing!
Source: STELLAR #n6135065
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6135065
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #n6135065
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.