7301 221st St E, Bradenton, FL 34211
3 beds · 3 baths · 2,872 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled on a sprawling 4.6-acre retreat, this stately 2-story pool home offers the perfect blend of country charm and modern luxury. Imagine yourself surrounded by lush greenery, with two peaceful ponds enhancing the serenity, all just minutes from sought-after Lakewood Ranch. With no HOA fees or deed restrictions, this is a rare opportunity for those seeking privacy and freedom. This beautifully upgraded 3-bedroom, 2.5-bath home features over 2,800 sq. ft. of inviting living space. The bonus room provides flexibility, whether you need an office, den, or a 4th bedroom. Step into the newly upgraded open kitchen, where white shaker cabinetry, custom backsplash, granite countertops, and stainless steel appliances shine. A cozy breakfast nook, framed by a stunning aquarium glass window, offers picturesque views of the pool and wide open grounds beyond. The heart of the home is the living area, where a charming stone-accented, wood-burning fireplace sets the stage for warm gatherings. Glass sliders lead you to a large lanai with a brand-new cage enclosure and heated pool with three tranquil waterfalls. The new pool heater and pump ensure year-round enjoyment without worry. On the first floor, the owner's suite is a true oasis, featuring French doors that open directly onto the lanai and pool area. The newly renovated en-suite bathroom is pure luxury, with a spacious walk-in shower, garden tub, dual separate vanities, and two generously sized walk-in closets. Ascend the grand staircase to find two additional bedrooms, a bonus room, and a full bathroom with dual separate vanities and tub/shower combo. From the second-story balcony, take in breathtaking western views of the property and those unforgettable Florida sunsets. With a newer Roof, HVAC systems, a Generac power generator, and a fully fenced yard, this property is move-in ready. There is plenty of space for your RVs, boats, and pets. A large metal outbuilding provides storage for all your tools and toys, while a new well pump and whole-house filtration system add peace of mind. Located just a short distance to Sarasota's Siesta Key, Longboat and Lido Keys, and Anna Maria Island, this property offers the best of both worlds; country living without sacrificing convenience. Live the dream, surrounded by nature, yet close to the pristine Gulf of Mexico and everything this coveted area has to offer!
Source: STELLAR #A4625350
Learn about how it works
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
Close faster and stress-free
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 #A4625350
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 and Equal Opportunity Act.