1511 Prescott St S, Saint Petersburg, FL 33712
3 beds · 1 baths · 1,409 sqft
This meticulously restored bungalow-style home at 1511 Prescott Street South is a true masterpiece. Boasting 3 spacious bedrooms and 1 bathroom, this home has been beautifully brought back to life with careful attention to detail.As you approach the home, you'll be greeted by a vast covered front porch, perfect for enjoying your morning coffee and the refreshing Florida air. The historic charm of the 1920s has been preserved, with the original architecture lovingly restored, including the gorgeous front porch columns and decorative tile features.Upon entering, the 9-foot high ceilings and abundant natural light create an immediate sense of openness and warmth. The interior showcases period baseboards, window trim, arched passageways, and original built-ins, exuding timeless elegance.The home seamlessly blends classic charm with modern updates, featuring professionally repainted interiors and exteriors in neutral tones, complementing any decor. The first floor boasts laminate flooring throughout, offering both style and easy maintenance.The kitchen is a true work of art, with quartz countertops, shaker cabinets, custom designer tile backsplash, and newer stainless-steel appliances. Two generously sized bedrooms are located on the first floor, while the third bedroom is privately situated upstairs, accompanied by a bonus flex space ideal for an office or sitting room.The newly updated bathroom is a modern oasis, adorned with tastefully chosen decorative designer tile accenting the shower wall. Conveniently located just off the kitchen, a large indoor utility room houses the easily accessible washer/dryer hook-ups, providing additional storage or a mudroom space.This home comes with a brand-new AC installed in 2022, ensuring year-round comfort. Step out into the large fenced backyard, offering ample space for a pool. Additional updates include a newer driveway, gas water heater, and HVAC. Situated on a fantastic lot, this home is less than three miles from trendy Downtown St. Petersburg, offering access to the St. Pete Pier, local shops, restaurants, and entertainment venues.With its proximity to the interstate, enjoying a quick commute is a breeze. Plus, you'll be just a short drive from the sugary sands of St. Pete Beach. Don't miss the chance to make this exceptional home yours. Schedule a showing today!
Source: STELLAR #u8251862
Source: STELLAR #u8251862
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: #u8251862
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