3022 Dartmouth Ave N, Saint Petersburg, FL 33713
7 beds · 5 baths · 2,964 sqft
Welcome to 3022 Dartmouth Ave N, a charming and very unique property nestled in the heart of St. Petersburg's highly desirable Historic Kenwood neighborhood. This block construction residence, built in 1947, offers a blend of historic charm and modern convenience, making it an ideal choice for homeowners and investors alike. This distinctive property sits on an oversized double lot with a single-family home on one side and a detached apartment building on the other side. With a total of seven bedrooms and five bathrooms across multiple units, this property is perfect for Multi Family, Multi-Generational and/or Income Producing property, generating rental income while residing in the main house. The additional units have a history of rental occupancy, providing a steady income stream. The spacious and elegant Main Residence offers 3 bedrooms and 2 baths with 1860 sq ft. of living space. The open floor plan makes it perfect for entertaining. The large kitchen features solid wood cabinets with butcher block counter tops and a large island that separates the kitchen from the dining room. A double-sided fireplace separates the dining area from the main living space, making it perfect for cozy evenings. The three bedrooms offer a split floor plan with each bedroom on opposite corners of the home. The home is being sold fully furnished for Seller convenience. Additional features include stunning Brazilian Cherry hardwood floors throughout; exquisitely renovated bathrooms, both featuring double vanities; front and back screened-in lanais, ideal for morning coffee and relaxation; a large separate laundry room; off-street parking with a spacious driveway; and a large separate fenced-in backyard offering privacy and space for outdoor activities and plenty of room for your pooch to roam or to add a pool.The detached apartment building provides an excellent opportunity for passive income and houses a studio apartment with a nicely updated kitchenette on the back side; a spacious 1 bedroom/1 bath apartment with soaring vaulted ceilings in the front; and a cozy cottage style 2 bedroom/1 bath apartment on the second floor. All three apartments have their own separate outdoor living space and share a spacious laundry room with washer and dryer on the first floor. The property also has a nice size storage shed for lawn maintenance and equipment. This property has been meticulously maintained by its owners. Attention to detail is evident throughout. Additional features include a new roof; newer AC units for the main house and second floor apartment and newer mini split units for the two apartments on the first floor and much more.Situated on a quiet, tree-lined street, this home is within walking distance to local shops, restaurants, and parks in the Grand Central District and the Warehouse Art District. Historic Kenwood is known for its vibrant arts community and historic bungalows, offering a unique and welcoming atmosphere. It is centrally located and only 8 min (less than 3 miles) from thriving DOWNTOWN ST. PETERSBURG and its large assortment of shops, galleries, museums, and its vibrant nightlife. The world-famous Dali Museum, University of South Florida, RAYS Tropicana Field. the St. Pete Yacht Club, and the new pier are just a few of the many destinations the downtown area has to offer. Properties like this one are very few and far between and won’t last long, so don’t delay and call me today for a private showing.
Source: STELLAR #tb8332213
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8332213
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.
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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: #tb8332213
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