102 ANCLOTE RD, Tarpon Springs, FL 34689
Unique villa and rare find in Pinellas County at this price point AND low HOA! Nestled near the heart of Tarpon Springs, just moments away from the famous Sponge Docks, this 2-bedroom, 2-bathroom retreat is an ideal blend of character and convenience. It's the perfect property for a first-time home owner, or retiree, with a pet. Currently utilized as a part-time vacation rental, this property also could offer an attractive opportunity to continue leveraging its income potential when not in use. High ceilings and skylights give a bright and inviting atmosphere. Laminate flooring throughout the home along with tile floors lend to easy care. Cute open cabinetry and a breakfast bar, offers both functionality and charm. Living room has a nice electric fireplace that stays with the property along with a washer and dryer that stays as well. Furnishings are negotiable. With a split bedroom layout, it is perfect for accommodating guests or maintaining privacy in a short-term rental scenario. Hard to find property with a fenced yard and a pet friendly HOA which is perfect for dog owners! Enjoy the benefits of low HOA fees and no worries of milestone assessments (as is the issue at the moment with condos)! As a bonus, ownership also includes a share of an additional lot utilized by the small HOA. Located in a non-flood zone, there is peace of mind AND a significant savings. Walk to the Sponge Docks and also close to a Freedom Boat Club, marinas, restaurants, Sunset Beach, Howard Park Beach, and Anclote River Park. Honeymoon Island, Clearwater Beach, Busch Gardens, and Crystal River are all within a short drive! Whether you're seeking a year-round residence or an investment opportunity in Florida's historic gem, this villa presents a rare combination of charm and location!
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: #u8250090