13305 2nd St E, Madeira Beach, FL 33708
2 beds · 2 baths · 1,252 sqft sqft
Seize the Opportunity: Build Your Coastal Dream in Madeira Beach! Welcome to an exceptional rebuild opportunity in coveted Madeira Beach, Florida. This existing two-bedroom, one-and-a-half-bath concrete block structure stands as a canvas for your vision, set against the stunning backdrop of the Gulf of Mexico and some of Florida's most desirable beaches. Whether you renovate or start anew, this location promises boundless potential. Unmatched Locale Nestled within a tranquil residential community that is currently undergoing a vibrant renaissance, this property is perfectly positioned just steps away from the breathtaking shores of award-winning sandy beaches and the lively John's Pass Village. Enjoy an array of shops, restaurants, and waterfront activities, all within a "short walk"—the ideal lifestyle for both relaxation and adventure! Your Vision Awaits Build Up or Build New! This is your chance to create a unique coastal gem tailored to your taste. With the existing structure primarily built from sturdy concrete blocks and featuring painted stucco interiors, you have the option to upgrade and enhance the current space or to go bold and design an architectural masterpiece from scratch. Imagine the possibilities: a contemporary beach house that captures stunning bay views and embraces the essence of coastal living. With a variety of building options available, your fresh start begins now! An Unmissable Investment This rare opportunity is a builder’s dream. The lot's prime location supports your creative ideas and assures property appreciation, making it an astute investment for the future. Whether you're looking to establish a second home, a rental property, or an artistic sanctuary, this site is brimming with potential. Sold As-Is, this property invites you to bring your dreams to life. The ongoing neighborhood restoration further enhances the value of your investment, ensuring that your waterfront oasis will be part of a revitalized community, thriving with energy and charm. Make It Yours Contact us today to explore the possibilities for your new construction on the breathtaking Boca Ciega Bay. The chance to own a slice of paradise in Madeira Beach is here—don’t let it slip away! Your dream coastal lifestyle and lucrative investment await you. Let’s bring your vision to fruition along the Gulf of Mexico!
Source: STELLAR #tb8317176
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8317176
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #tb8317176
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.