1321 Riverside Dr, Tarpon Springs, FL 34689
4 beds · 3 baths · 3,386 sqft
One or more photo(s) has been virtually staged. Discover your dream home at 1321 Riverside Dr, Tarpon Springs, FL 34689—a breathtaking 4-bedroom, 3-bathroom retreat spanning 3,386 sq. ft., perfectly situated on a coveted corner lot in a tranquil cul-de-sac. Just shy of a quarter acre, this property combines modern elegance, timeless charm, and a thoughtful array of upgrades, making it the ultimate destination for luxurious living and entertaining. From the moment you arrive, the home's freshly painted exterior and recently updated roof (2019) exude sophistication and curb appeal. Step inside to discover interiors equally impressive, featuring spacious living areas with seamless flow, perfect for hosting gatherings or creating cozy family memories. The heart of the home shines with recent updates, including a fully remodeled adjacent living and dining area, boasting new ceilings, walls, modern paint, and stunning lighting fixtures. The master bedroom, remodeled in 2023, is a true sanctuary with a spa-like bathroom featuring a double vanity, a soothing spa shower, and a generous walk-in closet. Designed for comfort and convenience, the home also features two A/C units, replaced in 2019 and 2023, and premium pesticide insulation for exceptional energy efficiency. The brand-new decks enhance the outdoor living experience, offering the perfect space for entertaining or unwinding in your private oasis. This home is perfectly located just minutes from the famous Sponge Docks, pristine waters, serene parks, vibrant restaurants, boutique shopping, and outstanding schools. Despite its proximity to Tarpon Springs’ best amenities, the home offers peace of mind, having sustained no issues during recent storms. The expansive lot provides ample room to dream, whether it’s adding a lush garden, sparkling pool, or outdoor entertainment area. Every detail of this home has been carefully curated to deliver the ultimate Florida lifestyle. Don’t miss this rare opportunity to own a piece of Tarpon Springs luxury. Schedule your private tour today and let 1321 Riverside Dr show you why it’s more than just a home—it’s a lifestyle waiting to be embraced.
Source: STELLAR #TB8325836
Financials
Source: Public records
Source: STELLAR #TB8325836
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.