4115 5th Ave W, Palmetto, FL 34221
4 beds · 3 baths · 2,348 sqft sqft
Welcome to your dream home! This beautifully maintained single-family home, set on 2.5 acres on the protected waters of Terra Ceia Bay, offers a perfect blend of comfort, privacy, and a serene coastal lifestyle. The impressive two-story layout includes 3 bedrooms and 2 bathrooms upstairs, plus a full in-law suite downstairs, making it a versatile space ideal for rental income or accommodating family and friends. The home features numerous updates, including a chef’s kitchen with luxurious leathered quartz countertops, high-end stainless steel appliances, and new elegant hickory engineered hardwood floors. Vaulted ceilings add a touch of grandeur, while Restoration Hardware bathrooms with Italian marble provide a chic, modern spa-like retreat. Other upgrades include a 2014 metal roof, impact-rated windows and doors for cost effective homeowners insurance, peace of mind, and so much more! The upstairs living areas are perfect for relaxation and entertaining, with an open-concept floor plan that seamlessly connects the living, dining, and kitchen spaces. The owner’s retreat offers a private haven with an en-suite bathroom with jacuzzi tub, office space, and three generous closets. Step outside onto your personal sunset lanai, with expansive views stretching from Anna Maria Island and the mouth of Tampa Bay on the left, to the majestic Sunshine Skyway Bridge on the right. With plenty of room to socialize with friends and family, bask in the hot tub, or take in luxurious sunsets overlooking the tranquil waters of Terra Ceia Bay—your home will become your favorite vacation destination, as well. You will enjoy 360 degrees of tropical paradise and Florida wildlife as you walk about the property. The over 400 feet of boardwalk through the mangroves and out onto the water is perhaps the most unique feature…connecting one to nature, and offering access to the stunning beauty of where mangroves and water meet. Whether launching from the nearby Palmetto Point boat ramp, or from your own private dock, the aquatic playground of Terra Ceia Bay is at your doorstep, with quick access to the Manatee River, Tampa Bay or the Gulf. Don’t miss your chance to own this exceptional coastal retreat—schedule a viewing today to experience the charm and luxury of this delightful Terra Ceia Bay home!
Source: STELLAR #u8252037
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8252037
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: #u8252037
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.