3706 80th Dr E, Sarasota, FL 34243
3 beds · 4 baths · 2,920 sqft
This exceptional residence, located in the highly sought-after Residences at University Groves, is a true masterpiece. Designed by renowned Florida architect Don Evans and professionally decorated by Kay Green Model Home Interiors, this turnkey furnished home effortlessly combines timeless Florida Classical architecture with thoughtful, luxurious design elements throughout. Boasting remarkable curb appeal, the home welcomes you with a stately columned portico and a charming front porch, complete with a brick-paver walkway leading to the sidewalk—perfectly complementing the friendly character of this picturesque community. The expansive homesite is meticulously maintained with mature trees, and new landscape lighting throughout. Inside, a grand foyer with soaring ceilings greets you, showcasing stunning wood inlays and tile floors. Custom-built glass-door cabinets frame the entry, offering a touch of sophistication. The formal living and dining rooms create an ideal space for entertaining, while a breezeway leads you to a butler’s pantry and the heart of the home—the gourmet island kitchen. Featuring natural gas appliances, the kitchen opens to a spacious family room and café dining area, all overlooking the heated pool, spa, and outdoor kitchen—perfect for indoor/outdoor living. The kitchen boasts ample granite counter space, complemented by fine custom wood cabinetry. For casual living, the kitchen, family room, and café area seamlessly flow together, with a convenient half bath off the laundry room hallway. The first-floor master suite offers a tranquil retreat, complete with a dressing area, two large walk-in closets, and a separate shower and vanities. Upstairs, a 14' x 13' retreat with built-in cubbies and a desk workspace provides additional versatile living space. This area opens to two spacious bedrooms, a large bonus room, and two guest baths. Equipped with a whole-home natural gas generator, the residence is prepared for any power outage. Additional features include two 2019 Carrier A/C units, an efficient natural gas tankless water heater, under-sink water filtration system, and the security of impact-resistant windows. The scenic and private outdoor pool area is picturesque and tranquil with custom lanai lighting and water features to complement your luxurious oasis. Enjoy entertaining outside with ample seating and your outdoor grill area poolside. The high-ceiling garage offers built-in storage, an epoxy-finished floor, and a metal attic ladder leading to additional storage space. Recent home improvements include fresh interior and exterior paint, automatic blinds, perimeter and lanai lighting, re-piped generator gas-line, new landscaping, lanai rescreening, new twin mattresses, lanai furniture, a new A/C blower motor, Pentair control system for the pool, and a new pool heater. Located just minutes from downtown Sarasota, Lido Beach, and the University Town Center Mall, this home offers the perfect blend of luxury, comfort, and convenience.
Source: STELLAR #a4630789
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4630789
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: #a4630789
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.