5868 Calla Lilly Dr, Sarasota, FL 34232
5 beds · 3 baths · 2,468 sqft
*** This property qualifies for a 1% lender credit on the loan amount that can be used towards closing costs or rate buy down, when using our preferred lender *** *** Sellers offering $5,000 in seller concessions to use towards closing costs or rate buy down *** Discover your dream home in the heart of Sarasota, beautifully upgraded with an impressive list of recent improvements! Nestled in the quiet, charming Garden Village neighborhood, this stunning 5 bedroom, 3 bathroom residence is a true gem, offering an open plan floor design and a sprawling layout across two stories. As you enter, you're greeted by a seamless flow from the living room, adorned with ceiling fans, to the lanai and enclosed pool area – perfect for those who love to entertain or simply relax in their own private oasis. The ground floor also features a guest bedroom with a view of the pool, a kitchen with a large pantry, and ample living areas designed with your comfort in mind. The backyard has undergone a remarkable transformation with a new saltwater pool, paver deck, screen enclosure, and pool pump. Additionally, the home has been equipped with a new electrical system, including a generator interlock kit for added convenience during power outages. Ascend to the second floor, where you'll find a cozy family room and beautifully laid out bedrooms. The owner's suite is a sanctuary in itself, boasting an en-suite bathroom with dual sinks, a large walk-in shower, and an expansive walk-in closet. The additional bedrooms are perfectly suited for your loved ones, and for your convenience, the laundry room is also located upstairs. This home is not just about its impressive interior; its location is equally enviable. With low HOA fees and no CDD, it's a rare find in today’s market. Situated near top-rated schools, shopping, dining, medical facilities, major highways, and some of the country's best beaches, this home puts you close to everything Sarasota has to offer. Recent improvements also include a thorough cleaning and UV light installation for the HVAC system, ensuring optimal air quality. The exterior has been enhanced with new irrigation, landscaping, and a new roof. The kitchen has been outfitted with brand-new appliances, including a Weber grill and a suite of KitchenAid products. Additionally, a water purification system has been installed for the entire main line, ensuring clean water throughout the home. New hurricane impact patio sliders and electrical conduits have been added for enhanced safety and convenience. With a total of $149,297 invested in improvements in 2024 alone, this home is move-in ready and awaiting your personal touch. A quick closing is possible, so don’t wait – schedule your showing today and see why this cottage-style beauty is the perfect place to call home!
Source: STELLAR #A4646811
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4646811
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.