VA loan
1 of 44
VA loan
$978,000

2912 51st St E, Bradenton, FL 34208

3 beds · 2 baths · 2,777 sqft sqft

HIGH AND DRY! FLOOD ZONE X THIS HOME IS BEING SOLD TURNKEY FURNISHED! LAWN EQUIPMENT INCLUDED! This meticulously renovated home has been professionally decorated. This home is perched on an UNADULTERATED corner 1.31-acre lot, surrounded by mature oaks and pines, offering partial views of the serene Braden River in Ward Subdivision. The open-concept layout enhances the overall sense of spaciousness. The living room, dining area, and kitchen connect seamlessly, providing an ideal setting for intimate gatherings and large-scale entertaining. The heart of this home is undoubtedly the gourmet kitchen. Boasting top-of-the-line appliances, custom cabinetry, exotic granite, and exquisite detailing, it's a culinary enthusiast's dream come true. Retreat to the owners’ suite, where tranquility and luxury converge. The bedrooms feature carefully chosen furnishings, plush draperies, and ample natural light, creating a serene and inviting atmosphere. Enjoy the luxury of a generously sized walk-in wardrobe. Indulge in the spa-like bathrooms adorned with designer plumbing fixtures, luxurious granite, and extended vanities. Enjoy the luxury of an extended 32 x 15 flex room, perfect for a home gym or versatile entertainment space. With three bedrooms, two bathrooms, and a den, this home offers the ideal blend of space and functionality. The office, separated from living spaces, creates an ideal work-from-home environment and is large enough for two desks. There is plenty of room for boarding horses, building a barn, or a large garage. There is also a 40' concrete pad for your RV or Boat. Stay connected and in control with cutting-edge smart home technology. From automated lighting and climate control to security systems, this home is designed with modern convenience in mind. The spacious backyard, adorned with luscious landscaping, beckons for recreational activities or a luxurious pool. With no HOA restrictions and minimal flood risk, this private riverside paradise is a haven for those seeking freedom and natural beauty. This Unadulterated 1.3-acre property, free from retention ponds or driveways encroaching on your land, provides a safe space for your dogs to roam and family activities. Dear investors, this residence is fully furnished/turnkey and available for sale, and it's important to note that Manatee County does not impose any restrictions on short-term residential or vacation rentals. Nestled near Braden River, this residence is conveniently located 10 minutes from the public boat ramp, I-75, schools, shopping centers, and dining, offering the perfect combination of privacy and accessibility. This home, fully furnished/turnkey, is a rare find. Whether you seek a serene retreat or a hub for entertainment, this property offers it all. Take advantage of the opportunity to experience this riverside paradise's unparalleled elegance and comfort.

Interest rate 3
2.375%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,851
With Roam
$2,873
Reduce your monthly payments by $1,021 when you assume this mortgage.
You also save $321,829 in total interest paid.

$544,270
Edit

You may be able to put down less than the total down payment amount of $544,270 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,777 sqft
Lot size
1.31 acres
Year built
1996
Type
Single Family Residence

Source: STELLAR #a4590576

Loan
Remaining term
26 years, 3 months
Rate
2.375%
Monthly P&I
$1,851
Remaining loan balance
$433,729

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 22, 2024 09:45 am
Listing agent: Pauline Rocco (941) 402-7572
Listing provided courtesy of: WAGNER REALTY (941) 955-1500
Details provided by STELLAR and may not match the public record.
MLS ID: #a4590576
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,851/mo
View details