3108 58th Ave N, Saint Petersburg, FL 33714
2 beds · 1 baths · 806 sqft sqft
Charming St. Petersburg Gem with Modern Updates and Spacious Outdoor Living! This beautifully updated 2-bedroom, 1-bathroom home offers 806 square feet of comfortable living space, perfectly situated in a non-flood zone and non-evacuation zone, with no HOA restrictions. The spacious fenced backyard is a true outdoor oasis, complete with RV or boat parking, room for a grill station, and fresh landscaping, making it ideal for entertaining or relaxing. A new gravel driveway and a large detached 1-car garage with a dedicated work area add convenience and versatility. Inside, enjoy recent updates that blend modern style with cozy charm. The 2022 updates include laminate wood flooring in the living room, freshly textured and painted walls, and a new sliding glass door that opens to a tranquil outdoor setting. The remodeled bathroom features a spa-like shower, new vanity, updated lighting, and elegant tile flooring. The eat-in kitchen has stainless steel appliances, custom cabinets, new countertops, an eye-catching backsplash, under-cabinet lighting, and durable laminate flooring. Two spacious bedrooms have new carpeting and fresh paint, creating a comfortable retreat. Step through the enclosed breezeway to access the garage and additional parking that connects to an alleyway, providing plenty of space for your toys and tools. With 2024 updates like new plumbing, a new fence, refreshed landscaping, and no hurricane damage, this home is move-in ready. Conveniently located in sunny St. Petersburg, this property offers the best of Florida living in a tranquil, hassle-free environment. Schedule your showing today; call now!
Source: STELLAR #tb8322453
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8322453
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: #tb8322453
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.