662 BACK NINE DR, Venice, FL 34285
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 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, please call me to inquire about specific details!
You may be able to put down less than the total down payment amount of $146,401 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: #n6134548