5592 Semolino St, Nokomis, FL 34275
2 beds · 3 baths · 2,105 sqft
Welcome to this exquisite Taylor Morrison Farnese model home, offering 2,105 square feet of beautifully designed living space. As you enter through the elegant, spacious foyer, you are immediately greeted by the open and airy atmosphere that flows throughout the home. This home features 2 spacious bedrooms, each with its own en-suite bathroom, providing privacy and comfort. The versatile study/den with French doors offers an ideal space for an office or quiet retreat, while the bonus flex room can easily transform into a guest room, library, or game room to suit your needs. The open floor plan seamlessly blends the gourmet kitchen with the living room, creating an inviting space perfect for entertaining. The kitchen is equipped with elegant quartz countertops, a large island with seating, stainless steel appliances including a gas range, and a charming, spacious kitchen nook. The living room is further enhanced by a stunning linear electric fireplace, creating a warm and inviting focal point for the space. The primary suite serves as a private retreat with an en-suite bathroom, featuring a large walk-in shower, separate water closet, and a spacious walk-in closet. Throughout the home, you'll find beautiful 24 x 24 ceramic tile flooring, tray ceilings with crown molding, French and pocket doors, and plantation shutters, adding to the home's refined and modern aesthetic. HURRICANE IMPACT WINDOWS provide added safety and energy efficiency, and the home is situated in a Flood Zone X, offering peace of mind. Step outside to the covered, screened lanai, which boasts gorgeous tile work and an outdoor kitchen, perfect for al fresco dining. Enjoy a relaxing afternoon in the large, heated spa or take a dip in the "tanning pool" with bubblers, creating a resort-style oasis in your backyard. Off the spacious lanai area is an entrance to the fenced-in area of the backyard that offers room to run for your furry friends! For added convenience, this home boasts an extended paved driveway and a tandem 2-car garage that accommodates up to 3 cars, complete with epoxy flooring and hanging storage and shelving, offering plenty of room for your vehicles and organizational needs. This exceptional home combines elegance, comfort, and thoughtful design, making it the perfect place to call home! Living in the Bellacina by Casey Key community offers more than just a beautiful home. Enjoy resort-style amenities including a sparkling, community swimming pool with cabanas, a state-of-the-art clubhouse with a chef’s kitchen, a 24-hour fitness center and showers, outdoor spa, bocce ball courts, corn hole and grill area, and cozy gas fire pits. There is a private entrance onto the famous Sarasota Legacy Trail, 4 lighted pickleball courts and Har Tru tennis court, a playground, and 2 dog parks. A full calendar of events is organized by the on-sight Activities Director ensuring there’s always something to do and the full-time HOA Manager is on-site as well. Location is key! Bellacina is only a 2.5 mi. golf-cart ride from Nokomis Beach, 5 miles from historic downtown Venice, 20 minutes to the world-renowned Siesta Key, and 30 minutes to downtown Sarasota and SRQ International Airport. This home is not just a gorgeous residence....it's a lifestyle!!
Source: STELLAR #N6136353
Financials
Source: Public records
Source: STELLAR #N6136353
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.