1550 Ridgewood St, Clearwater, FL 33755
4 beds · 4 baths · 3,220 sqft sqft
One or more photo(s) has been virtually staged. Elevated over 50 feet above sea level, this remarkable opportunity awaits in the highly sought-after Glenwood Estates subdivision of Clearwater! This stunning 4-bedroom, 4-bathroom home is set on an expansive 0.26-acre corner lot, featuring impressive curb appeal with mature trees and lush landscaping in a welcoming, family-friendly neighborhood. From your front window, enjoy breathtaking views of over 4 acres of green grass. Ideally located in the heart of Clearwater, the interior is bathed in natural light and offers two inviting living spaces—one showcasing a cozy fireplace and walls of windows that overlook a private backyard oasis. Step outside to discover a sparkling pool and Tuscany inspired entertainment spaces, perfect for both lively gatherings and tranquil relaxation. The desirable split-bedroom floor plan includes a spacious primary suite with sliding doors to the pool, a generous walk-in closet, and a luxurious ensuite bath featuring dual vanities and a walk-in shower. One of the additional bedrooms boasts its own ensuite bath, while the remaining bedrooms are generously sized with plenty of closet space. The gourmet kitchen is a chef’s delight, equipped with sleek quartz countertops and stainless-steel appliances, all while overlooking the living areas. Just a few blocks away, you’ll find the newly revamped Crest Lake Park, a $5.7 million makeover that offers serene walks, benches, and delightful spots for feeding ducks. Additionally, this home is conveniently located near Clearwater Country Club and an easy drive to top-rated Clearwater Beach, downtown Clearwater and Dunedin. Don’t miss the chance to make this Glenwood Estates gem your forever home!
Source: STELLAR #tb8313118
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8313118
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: #tb8313118
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.