30 Kreamer Ave, Tarpon Springs, FL 34689
5 beds · 5 baths · 3,238 sqft
Get a free consultation call with an expert in the mortgage assumption process.
PRE-FORECLOSURE & 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.
Source: STELLAR #U8241061
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #U8241061
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.
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.
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.
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.
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.
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.
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.