1 of 65
$460,000

6711 Mauna Loa Blvd, Sarasota, FL 34241

3 beds · 2 baths · 1,501 sqft sqft

Discover the perfect blend of comfort, style, and convenience in this beautifully maintained 3-bedroom, 2-bath home, ideally located in the desirable Lake Sarasota community. As you step through the front door, you are immediately welcomed by the expansive great room, where a soaring cathedral ceiling with a striking wood beam adds both architectural interest and an airy, open feel. Natural light floods the space, creating a warm and inviting atmosphere that makes this home perfect for both everyday living and entertaining. This home has been thoughtfully updated to ensure both beauty and function. A NEW roof installed in November 2021 and NEW impact-resistant windows added in 2022 offer peace of mind and added energy efficiency, while kitchen appliances replaced in 2019 bring modern convenience to the heart of the home. The HVAC system was updated in 2015, ensuring reliable comfort year-round. The kitchen is truly a standout, designed with both aesthetics and functionality in mind. Gleaming granite countertops, a custom-tiled backsplash, and crisp white cabinetry create a fresh, contemporary look. The open layout seamlessly connects the kitchen to the dining and living areas, making it easy to entertain or keep an eye on family activities. The tile flooring throughout the main living spaces not only adds a sleek, clean look but also ensures low-maintenance living for busy households. One of the home’s standout features is the enclosed lanai, which has been outfitted with air conditioning, making it a comfortable and versatile space year-round. Whether you're sipping your morning coffee or enjoying a quiet evening, this space offers a perfect view of the fully fenced backyard, which provides plenty of room for gardening, outdoor activities, or hosting gatherings. The private backyard is designed for both relaxation and entertaining, offering a peaceful retreat from the hustle and bustle of daily life. Additional conveniences include a spacious 2-car garage, offering plenty of room not only for your vehicles but also for tools, bikes, and extra storage. Whether you need a place for weekend projects or additional storage space, this garage has you covered. The location is another highlight of this home, with its proximity to all that Sarasota has to offer. Situated just 5 minutes from I-75, your commute is made easy, while UTC, with its abundant shopping and dining options, is just 15 minutes away. For beach lovers, Siesta Key's world-renowned sandy shores are just a short 20-minute drive, making it easy to enjoy Florida’s sun and surf whenever the mood strikes. Don’t miss this rare opportunity to own a thoughtfully updated and meticulously maintained home in one of Sarasota’s most convenient locations. Schedule your private tour today and experience the perfect blend of comfort, convenience, and style that this wonderful property has to offer!

Interest rate 3
3.88%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$280
With Roam
$341
Reduce your monthly payments by $60 when you assume this mortgage.
You also save $12,820 in total interest paid.

$417,171
Edit

You may be able to put down less than the total down payment amount of $417,171 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,501 sqft
Lot size
0.17 acres
Year built
1982
Type
Single Family Residence

Source: STELLAR #a4622997

Loan
Remaining term
17 years, 7 months
Rate
3.88%
Monthly P&I
$280
Remaining loan balance
$42,828

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 08:10 am
Listing agent: Linda Lobo (941) 960-0547
Listing provided courtesy of: ROVI (413) 244-7634
Details provided by STELLAR and may not match the public record.
MLS ID: #a4622997
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$280/mo
View details