5256 Drew Rd, Venice, FL 34293
3 beds · 2 baths · 1,681 sqft
Your Venice Staycation! This well-appointed home is privately located in the highly sought-after South Venice neighborhood! World-renowned beaches, boutique shopping, amazing dining, and an abundance of outdoor activities define your new coastal lifestyle. Take part in activities like kayaking, boating, fishing, and biking the Legacy Trail. Get exclusive access to a private beach on Manasota Key via the South Venice Beach Ferry or launch your own boat at the community’s private boat ramp. Not only does the property put you in proximity to Sarasota’s enchanting warm turquoise waters of the Gulf—where Floridian’s enjoy endless days of sun, surf, and sand—this beautifully remodeled home is “turn-key.” It’s interior and exterior Florida flair combine modern extravagance with coastal living. Inside adorns with cathedral ceilings, natural lighting, and a refreshing openness that enriches the experience. The ceiling details complement new luxury vinyl flooring throughout—adding elegance, warmth, softness, and durability. The Kitchen equips with ample cabinetry, generous counter space, and a layout perfect for meal preparation and family gathering. The sliding glass doors provide this exquisite home with seamless indoor-outdoor living—beckoning you to sunny days in the sparkling pool. Enjoy cocktails and cookouts with friends, or just spend the day relaxing under the airy shaded lanai. This home is about enjoyment, entertainment, and rest and relaxation … no home improvements or work to be done here, new upgrades abound: roof, flooring, pool pump, pool cage screening, air conditioner, water softener pump, garage door opener & springs, custom kitchen blinds, dishwasher, refrigerator, electric transfer switch, “President’s Red Hibiscus and Podocarpus” plants to complement the already private fenced property, and even the septic maintenance completed. You’re left with nothing to do but relax and enjoy. Furthermore, whether you envision extra room for boat parking, building a custom deck, or adding a workshop or storage shed, this property has the outdoor flex space to accommodate your needs. In short, this unique find offers more than just a proud place to call home—it’s your ticket to ultimate happiness with an amazing lifestyle! Your search is over—this one checks all the boxes! Welcome to Peaceful Paradise!!!
Source: STELLAR #a4631880
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4631880
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: #a4631880
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.