5425 16th St E, Bradenton, FL 34203
0 beds · 0 baths · 2,306 sqft
EXCITING OPPORTUNITY Discover the epitome of modern living in this stunning 5 bed, 4 bath Duplex! Step outside and prepare to be captivated by the breathtaking 1750 sq ft paver deck, perfect for entertaining and lounging near the koi pond. Immerse yourself in the tranquility of the vibrant landscape, featuring a fig tree, key lime, hibiscus, weeping willow, cherry tree, and myer lemon. Not only do you have access to this amazing outdoor space, but you'll also enjoy the convenience of an outdoor furniture set, TV, and industrial stove staying if requested! The exterior doors are durable fiberglass, and a rain barrel is utilized for the fishpond. NO HOA or CDD, and you'll have plenty of land, making it an excellent option for a small business with equipment. This entire duplex was built from the studs up just 2.5 years ago and boasts impact windows, a new roof, and all-electrical and plumbing systems. Enter the North side duplex and be welcomed by the spacious 2/2 unit. The master suite is an oasis with an en suite bathroom complete with a walk-in shower, walk-in closet, and a large bedroom. The open-concept kitchen flows seamlessly into the great room, featuring stainless appliances, butcher block counters, uplighting above cabinets, and recessed lighting throughout. The South side duplex offers a 3/2 unit, with a front entry and a laundry hookup already in the front room. The third bedroom is currently used as a large laundry room. The kitchen is open to the great room, and the bedroom has an en suite bathroom. The office could effortlessly transform into an additional bedroom by adding a closet. Located near the world-renowned beaches, shopping, dining, and golf courses, and just minutes from downtown Sarasota, this property truly has it all! Don't miss your chance to call this extraordinary duplex home. Come see it for yourself today!
Source: STELLAR #a4621135
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4621135
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: #a4621135
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.