3611 Chinaberry Ln, Sarasota, FL 34235
3 beds · 2 baths · 1,468 sqft
PRICE REDUCTION & ASSUMABLE 3.8% MORTGAGE FOR QUALIFIED BUYERS!!! Welcome to 3611 Chinaberry Lane in Sarasota’s Maple Hammock in the X (low-risk) FLOOD ZONE. Rarely available, here’s your opportunity to live in Maple Hammock, an intimate community tucked away in the heart of Sarasota! This DELIGHTFUL TWO-STORY HOME WITH 3 BEDROOMS, 2 BATHROOMS, UPSTAIRS BONUS SPACE, and an OVER-SIZED ONE-CAR GARAGE is located on, arguably, one of the BEST LOTS in the community. The home is at the end of a cul-de-sac, which in addition to the fenced-in yard provides lots of PRIVACY AND LUSH GREENNESS! Throughout the years, homeowners have thoroughly enjoyed the outdoor spaces this home offers. They’ve carefully created a backyard oasis, which includes a spacious patio, a shade gazebo, tropical landscaping, a storage shed, and two enclosed lanais – one is just off the kitchen, and one is off the primary bedroom. This home has great curb appeal starting with the tropical landscaping. The roomy front porch is screened-in and gives off a happy, welcoming vibe! It’s a great space to enjoy your morning coffee and listen to the sounds of nature or kick back at the end of the day! The front door has a glass storm door providing additional natural light. As you step inside, you'll be greeted by a spacious living room with rich hardwood flooring and as you move toward the back of the home, you’ll enter the kitchen, with a large eat-in dining space with room for a large dining table and a buffet. The kitchen invites you in to enjoy preparing meals with warm-toned cabinetry, beautiful tile backsplash, tile floors, and stainless appliances. The primary bedroom is on the first floor and has an en-suite bathroom with a walk-in closet. The upstairs features the 2nd and 3rd bedrooms with walk-in closets, a nicely updated bathroom as well as a bonus area which would make a great den, office or playroom. Some seller improvements include a NEW ROOF (2020), NEW AIR HANDLER (2017), NEW INDOOR BLOWER UNIT & UV LIGHT INSTALLED (2022), TOTAL HOUSE DUCT CLEANED (2022), NEW RANGE (2020), FIRST FLOOR FRESHLY PAINTED (2023), UPSTAIRS BONUS ROOM (2024), NEW SCREENS & VINYL WINDOWS LANAI OFF KITCHEN (2024), NEW GAZEBO SHADE (2024), GUTTER GUARDS (2022), NEW WASHING MACHINE (2019), NEW MICROWAVE (2022). The Maple Hammock community pool, in its picturesque setting, is perfect for enjoying a leisurely swim or just relaxing poolside. Maple Hammock is just minutes from Downtown Sarasota, the white sandy beaches of Lido, Longboat & Siesta Keys, world-class arts, museums, theatre, shopping, dining, Nathan Benderson Park, the Legacy Trail, the new Mote SEA Aquarium, the University Town Center – a world-class shopping mall and so much more! DON’T MISS THIS OPPORTUNITY – SCHEDULE A SHOWING TODAY!!!
Source: STELLAR #a4620080
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4620080
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: #a4620080
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.