2504 Hibiscus Dr W, Belleair Beach, FL 33786
5 beds · 3 baths · 3,168 sqft
Just a stones throw from the resident only Belleair Beach! Live like you are on vacation every day in this lovely home located steps from Belleair beach, only accessible by residents. Enter the foyer through double solid wood entry doors and be impressesed by the full size, completely PRIVATE pool in the center of the home. Open the many sliding doors and make the pool area part of your daily living space. Experience a Resort feel with the ultimate privacy. Solidly constructed, this unique home showcases an eat-in kitchen with diagonally laid tile, solid wood cabinetry, granite counters, stone back splashes, stainless steel appliances, breakfast bar and tray ceilings. The family room features valuted ceilings, a stone wood burning fireplace and inlayed tile work. With 5 bedrooms, there is plenty of space to house family and guests. The fifth bedroom can easily be converted to a game room by stowing the built-in murphy bed to provide even more area to entertain and relax. ALL bathrooms have been recently updated. The two car garage and large circular driveway provides plenty of off-street parking. An additional welcoming feature is that this sturdy home is built up to nearly 10 feet above sea level, yet still constructed on a slab. Located close to shopping, fine dining, community boat ramp, community park and tennis courts. INVESTOR ALERT!! Hot area with rapidly growing equity. Can do a minimal remodel & resell at a price well worth your effort! OR move in as is and live in beautiful Belleair Beach! Home had some damage during the hurricane, the repairs are approx 120-150k. Buyers can wait until the repairs are done in February, or purchase now for 1.2 as is.
Source: STELLAR #o6209493
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6209493
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: #o6209493
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.