1605 S Prescott Ave, Clearwater, FL 33756
2 beds · 1 baths · 1,212 sqft
Discover your dream home in the prestigious Belleair area! This hurricane-ready gem is high and dry, located in a non-evacuation and no flood zone, so no flood insurance is required. All the big-ticket items have been meticulously updated, including high-quality PGT hurricane-rated impact windows and doors (except sliding glass doors), a touch screen WiFi thermostat, a 30-gallon AO Smith hot water heater (8/20), a new roof (9/19), a re-coated carport roof (03/22), a 3-ton Carrier brand HVAC system (1/17), and an upgraded 150-amp Cutler-Hammer electric panel. Step inside to a spacious open-concept living room with a dedicated dining area, perfect for entertaining. The large kitchen boasts plenty of cabinetry, a 10-foot peninsula, and a dishwasher, making it a chef's delight. The combination flooring includes vinyl in the kitchen, tile in the bathroom, and laminate throughout the rest of the home. The expansive lawn is a gardener's paradise, featuring mature fruit trees such as banana, lime, and moringa. Enjoy outdoor living on the large concrete patio that wraps around the house, accessible from both the kitchen door and sliding glass doors. Situated on a 75’x133’ oversized lot, this 2-bedroom, 1-bathroom block-constructed single-family home offers 1,212 sq ft of heated living space and is just 3 miles from Clearwater Beach. With plenty of parking for any number of vehicles, a carport with a washer/dryer/storage room, and backyard access on both sides for equipment or boat storage, this home is as practical as it is beautiful. The excellent location provides easy access to restaurants, grocery and drug stores, Morton Plant Hospital, banking, public transportation, nature preserves, botanical gardens, cultural venues, various golf courses, interstates, and the St. Pete-Clearwater airport. All financing options, including FHA, VA, and conventional, are welcome. Make this desirable Belleair home yours today!
Source: STELLAR #tb8321175
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8321175
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: #tb8321175
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.