3712 59th Avenue Cir E, Ellenton, FL 34222
2 beds · 3 baths · 2,270 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Motivated Seller. Lowest entry price to Oak Creek in years. Arriving at the arched gates adorned with fleur-de-lis, visitors are given a preview of the French country architecture and soaring pitched roofs that define this exclusive enclave of 33 homes spread across more than 50 acres. Each home showcasing its own unique architectural aesthetic. It is rare for anyone to visit this home for the first time without commenting on its striking beauty. At 2,270 square feet, this is an exceptional two-bedroom residence. The generous primary suite features a spacious bath, walk-in closet, and direct access to the expansive pool area. A large free-form pool, hot tub, and extensive entertainment space make outdoor living a dream. This home is one of only six positioned on the expansive pond and nature area, offering a level of privacy typically found only on much larger waterfront properties. Designed as a larger two-bedroom home, the guest room includes a half bath and walk-in closet, with an oversized full bath just a few steps away. A private office provides flexibility and can easily be converted into additional sleeping quarters for visiting family or guests. Upgrades include new pavers, a newly constructed front porch, and a walkway leading to the side door and pool entrances. A new roof was installed in January 2025. Includes a 20kW whole-house Generac generator. Additional improvements include a newer water softener, a reverse osmosis water purifier under the sink, and an on-demand outdoor water heater. Gas has been brought in for the generator, dryer, and range top. New gutters with downspout extensions and lawn pop-ups enhance drainage. A stunning new single-door front entry with sidelights, along with insulated garage doors, further elevate the home's curb appeal. Custom fully louvered shutters have been installed throughout, and custom-built flower boxes with an automatic watering system allow for vibrant seasonal displays. Enhanced outdoor lighting, including hanging fixtures over the front patio and farm-style lights at the gables, beautifully highlight the home's architecture after sunset. High ceilings throughout, including a cathedral ceiling in the family room, contribute to the spacious feel. The open kitchen, outfitted with high-end appliances, exquisite cabinetry, and stunning countertops, makes cooking and entertaining a pleasure. Ideal for those seeking a low-maintenance home, whether as a downsized primary residence, a second home, or a retreat in a gated community, this property deserves attention. It offers a perfect balance of comfort, style, and convenience. Located just minutes from I-75, with easy access to St. Petersburg, Sarasota, Tampa, and even a day trip to Orlando’s attractions. A new shopping complex with a variety of retail stores and restaurants is nearby, and the Outlets are just a short drive away. Beyond location, this home offers peace of mind, beautiful surroundings, and a welcoming ambiance that defines life in Oak Creek. No flood zone and the VA loan is ASSUMABLE. Call for details.
Source: STELLAR #A4643927
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4643927
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.