2260 Bay St SE, Saint Petersburg, FL 33705
3 beds · 3 baths · 1,650 sqft
Under contract-accepting backup offers. Mid-Century Modern meets contemporary luxury in this 3 bedroom, 3 bathroom gem in the highly desired historic Old Southeast neighborhood. This immaculately maintained residence sits proudly on a generously elevated, double corner lot OUTSIDE THE FLOOD ZONE yet just a block from the Tampa Bay. Being a solid concrete block home with new impact windows and doors (2023), this home is untouched by any flood waters and is sure to impress with its vaulted ceilings, open floorpan, and double primary bedrooms. As you approach the property, you notice the lovely tree-lined streets and a convenient circular driveway leading up to the one car garage. The foyer opens up to the sprawling living space with vaulted ceilings and updated recessed lighting. To your right is one of two primary bedrooms with custom barn door entrance, walk-in closet, and en suite bath. All bathrooms in the home have walk-in showers and contemporary floating vanities. Moving into the living space, you are flooded with natural light! The 30’ of sliding glass doors provide the perfect opportunity for indoor-outdoor living. Overlooking the living area is the sophisticated kitchen. With custom maple cabinetry, quartz countertops, cooking island with integrated wine chiller, and herringbone backsplash, it is sure to impress any home cook or chef alike. The Italian made, gourmet Bertazonni stainless steel appliances are second to none including an electric wall-mounted double convection oven, gas stovetop with convenient pot filler and range hood, and top tier fridge. From the sink, you overlook one of your three decks made of wood-look composite material which are the perfect long-lasting outdoor entertaining spaces! Distributed across the front, rear, and side of the home, you have over 500 square feet of decks on the property plus a brick paver patio off the living room. The home is fully fenced by new cedar and vinyl fencing with wide gates for parking any RVs, boats, or trailers. Back inside, the bamboo-look, 9” wide luxury vinyl plank flooring is throughout the entire home for a seamless look and effortless durability. The second primary bedroom is masterfully appointed with two vanities, a spacious walk-in-shower with built-in bench and frameless glass enclosure, closet with custom built-ins, private water closet, and gorgeous freestanding soaking tub. The guest bedroom and bathroom are equally tasteful and well sized. Rest easy knowing that all electrical, plumbing, flooring, HVAC, and more were completely remodeled in 2023. The roof is brand new (2025) and a natural gas line powers your efficient tankless water heater (2023) and your gas stovetop. It is a fully Smart Home featuring WiFi enabled LED lighting, security cameras, and gigabit router. The washer/dryer, front door, garage door, and AC are also connected to the Smart system. Situated just steps from Lassing Park and the Tampa Bay waterfront, you will enjoy peaceful walks along the water. Plus you’re a quick five-minute drive to downtown St. Petersburg's vibrant scene and famous pier, a 5 minute bike ride to Bartlett Park’s pickleball courts and soccer fields, minutes to award-winning beaches and art museums, and still only 20 minutes from Tampa International Airport. It’s rare to find a neighborhood with such clear pride of ownership, proximity to all that St. Pete has to offer, and with no HOA. Schedule a tour to see for yourself! **Video tour and virtual floorplan available.
Source: STELLAR #O6281943
Source: STELLAR #O6281943
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.