662 Back Nine Dr, Venice, FL 34285
3 beds · 2 baths · 1,731 sqft
This beautifully updated villa located in the lovely community of Pelican Pointe Golf and Country Club is a must see if you are looking for a gated, maintenance free, and amenity rich neighborhood. This villa has sustained absolutely no damage from any of the recent hurricanes that have come through Southwest Florida. This villa is the largest floorplan available offering over 1700 square feet of luxurious living. There are several spaces which can be used for many different things according to your specific interests and hobbies. The kitchen has been updated with granite countertops and stainless steel appliances and has a breakfast nook with surrounding windows for an abundance of natural light. The study/library is situated adjacent to the breakfast nook and has a full wall of built-in shelving, perfect for a place to read or relax, listening to music from the centrally installed whole house music system. The split floorplan offers the privacy for guests that everyone can appreciate as well. The primary bedroom with the ensuite bathroom is located in the rear of the villa overlooking the lanai and beautiful preserve. The second bedroom is located in the front of the villa with plenty of privacy. The extended lanai provides a lovely spot to sit and admire the landscaping and newly planted areca palms. There are plantation shutters installed in numerous rooms and beautiful, intricate crown molding has been installed throughout the entire villa. Bathroom vanities and most plumbing fixtures have been updated as well. The oversized garage offers extra space for storage or work spaces. There has been a utility sink and a transfer switch for a generator installed in the garage. The roof was replaced in 2022, the A/C in 2017, the water heater in 2015 and there is a water softener. The community pool is located directly across the street from this villa along with the community mailboxes. Pelican Pointe Golf and Country Club offers a 27 hole golf course, a heated pool, tennis courts, pickleball courts, a fitness center, library and a beautiful clubhouse with a restaurant. It is not mandatory to have a golf membership and the use of all the amenities is included in the HOA fee as well. Pelican Pointe Golf and Country Club is centrally located in Venice, only a few miles from the Historic Venice Downtown, Venice Beach, Venice Community Theatre, restaurants, hospitals, airports and I-75. This home also has the magnificent opportunity to assume the mortgage at less than 2.5%. Please call me to inquire about specific details!
Source: STELLAR #n6134548
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6134548
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: #n6134548
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.