30 KREAMER AVE, Tarpon Springs, FL 34689
MOTIVATED SELLER - An extraordinary opportunity presents itself with this exquisite historic Spanish/Mediterranean style home, boasting a refreshing pool, situated in the sought-after Inness Park Neighborhood. Dating back to 1920, this residence stands as a testament to timeless elegance and is nestled on a sprawling .34-acre lot. A true gem, this 5-bedroom, 5-bathroom home plus separate In-Law Suite offers an abundance of charm and modern comforts. Passing through the ornate wrought iron gates, you're greeted by an oversized 2-car garage with a workshop, expansive double driveways, and a convenient boat/RV pad. Step inside to discover a meticulously renovated interior where historic charm seamlessly blends with contemporary amenities. The original 1920 south wing boasts all-new windows and sliding glass doors, inviting in natural light and framing picturesque views. A recently updated custom kitchen, equipped with brand new appliances installed in 2022, features pull-out cabinets, under-cabinet lighting, a gas cooktop, and granite countertops. A new faucet and garbage disposal add a touch of modern convenience. The electrical system was comprehensively upgraded in 2020, ensuring safety and efficiency. For added security, Google Nest security cameras and an intercom system have been installed, providing peace of mind. Indulge in the spacious sunroom, currently utilized as a fitness room, with access to the screened lanai and pool area, adorned with fashionable pavers. Storage is plentiful with loads of storage space, including an extra-large storage room and under-stair storage. Outside, discover a garden shed and garden beds, perfect for cultivating your own green oasis. Ample off-street parking is available, complementing the convenience of the location. You'll find newly installed wood fence enclosing a large backyard complete with a fire pit, perfect for outdoor entertaining and relaxation. Adding to the allure, a delightful cottage sits on the property, perfectly suited for a mother-in-law suite or rental income enhanced with a new AC wall unit for added comfort. Experience the epitome of coastal living with breathtaking water views and cultural amenities at your doorstep. Perfectly situated within walking distance to schools, parks, shopping, and dining, this home offers easy access to Tarpon Springs' famed attractions including Sunset Beach, Fred Howard Park, and the historic Sponge Docks. This residence represents a rare opportunity to own a piece of history paired with modern luxury.
You may be able to put down less than the total down payment amount of $209,031 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #u8241061
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.