2604 Marconi St, Tampa, FL 33605
3 beds · 2 baths · 1,446 sqft sqft
**Brand New Roof** Beautifully unique 3 Bedroom 2 Bath BUNGALOW home located in the Palmetto Beach area of Tampa. This home was built in 1908 and reflects so much of the original character but also has been nicely updated. You are initially greeted by the full length covered front porch and brick paver driveway. As you enter the home, you will be filled with curiosity and excitement! The arched entryways and original paneling give the home that 1908 feeling. As you continue to walk through you will see that the interior of the home has been freshly painted, crown molding installed, and charming wood framed windows allowing plenty of natural light. Laminate and/or tile flooring throughout (NO CARPET) and all of the bedrooms have double closets that extend floor to ceiling offering tons of storage. The dining space is just off of the kitchen, an inside laundry room on the back side of the home with built-in cabinets, an oversized living room and an extra “flex space” which could be used as an office or sitting area. FULLY FENCED backyard with large concrete block storage building (which could be remodeled into a “she-shed”, game room, man cave, or a workshop/garage). Additionally, there is still plenty of backyard space for family gatherings, a BBQ, a wine night under the stars, a fire pit, or just a play space for your furry family members. This home is extremely spacious and is NOT IN an HOA community. It can also be used as a SOURCE of INCOME as a rental or an Air BNB. Just down the street you will find a public park with a playground, a community pool, skateboard ramps, walking trails, a fishing pier and a covered picnic gazebo all overlooking McKay Bay. The water views are breathtaking and all within a short distance from the home. This property is minutes from Downtown Tampa's Channelside, Amalie Arena, Riverwalk, Tampa Convention Center, Sparkmans Wharf, Restaurants, Publix Grocery, the Port of Tampa and all of the major interstates/highways (Crosstown, I275, Etc).
Source: STELLAR #t3551074
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3551074
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: #t3551074
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.