5360 ELISEO ST, Sarasota, FL 34238
One or more photo(s) has been virtually staged. Welcome to your dream home in the gated community of Villagewalk in South Sarasota! This luxury 4bed 3 bath townhome boasts an array of high-end upgrades, perfect for families. Main Floor Bedroom that can be a home office or a guest room which has a large walk in closet as well as a private balcony. Updated kitchen with granite, SS appliances, brand new Whirlpool range never used, recessed lighting, upgraded sink & designer backsplash. A built in custom dry bar/China cabinet with granite counter and glass paneled upper cabinets with soft close. Extra space for your dishes and glassware, perfect for entertaining. Upgraded lighting and fans, upgraded front entry door with full length glass & wrought iron design, open floor plan on main floor with ceramic tile. Upstairs has luxury Mohawk vinyl plank flooring, crown molding throughout the home, plantation shutters on every window except living room sliders. Stairs have 1yr old carpet. Second story contains the primary bedroom with a large walk-in closet and ensuite bathroom, Laundry room located in the hallway. Another full bathroom for the two bedrooms at the end of the hallway. One of the bedrooms has a built in Murphy Bed with desk perfect for an office & the occasional guest. A large screened enclosed patio is off the living room with sliding doors where you can relax. This townhome is constructed with steel reinforced poured concrete and is very solid and there are hurricane shutters. The exterior of the home & patio deck has been freshly painted. Adjoining the patio is the entrance to the two car garage with upgraded epoxy floor, garage backs to an alleyway, driveway has brick pavers. Villagewalk is located in the Ashton Elementary, McIntosh Middle & Riverview High School an A rated school district plus a short drive to Pineview #1 high school in Florida Close proximity to shopping, dining, and a short drive to Siesta Key Beach. 24/7 guard gated security provides peace of mind for you and your family. Resort-style pool, lap pool, tiki bar, fitness center, tennis courts, and walking trails for the true Florida lifestyle. Access to a community clubhouse, regular social activities, a restaurant & gas station on site. Beautifully maintained common areas with picturesque lakes and bridges. Owner is providing an upgraded Home Warranty for the new owner to be worry free. Come see this beautiful townhome and make it yours!
You may be able to put down less than the total down payment amount of $236,999 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6212239
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.