3165 58th Way N, Saint Petersburg, FL 33710
2 beds · 2 baths · 1,280 sqft
One or more photo(s) has been virtually staged. Welcome to your charming new haven in the sought-after Holiday Park/Sheryl Manor neighborhood of St. Petersburg—a delightful 2-bedroom, 2-bathroom home with a 1-car garage that perfectly blends style, comfort, and everyday ease. Whether you’re starting a new chapter, rightsizing, or seeking a cozy retreat with room to adapt, this residence offers the ideal backdrop for your unique lifestyle, all just minutes from the beach, downtown St. Pete, and the best of coastal living. Step inside and feel instantly at home as you explore the master suite that’s a true standout; boasting a huge walk-in closet that’s a rare gem for organizing your wardrobe or stashing seasonal treasures. Both bedrooms are wrapped in plush carpeting, creating a soft, cozy escape, while the rest of the home features stylish tile and laminate flooring that’s as low-maintenance as it is chic. The sun-drenched Florida room steals the show—bathed in natural light, it’s the perfect spot to sip your morning coffee, set up a home office with a view, or host friends for a casual evening of laughter and games. Flowing into the open-concept living and dining areas, you’ll find a warm, inviting space that’s ready for quiet nights by the TV or lively dinners with loved ones. Venture outside and discover a world of possibilities. The charming front patio, enclosed by a stylish privacy wall, offers a serene nook for reading in the morning sun or unwinding with a glass of wine as the day fades. The oversized backyard is a blank canvas, fully enclosed with a brand-new vinyl fence—perfect for pets to roam, little ones to play, or hosting backyard barbecues under the stars. With plenty of room to add a pool, you could transform this space into your personal oasis for lazy summer days or evening swims. A quaint screened-in patio provides a shaded retreat, letting you enjoy Florida’s year-round weather without the bugs, while a large storage shed keeps your tools, bikes, or beach gear neatly tucked away. The 1-car garage adds even more practicality, offering secure parking or a spot for your DIY projects. Location is everything, and this home delivers—minutes from St. Pete’s sandy beaches, vibrant downtown, shopping, and dining, you’re never far from the action. Quick access to major highways makes commuting a breeze, whether you’re headed to work or exploring the Gulf Coast. Plus, with flood insurance at just $689 per year, you can enjoy peace of mind without breaking the bank. From the stylish updates to the flexible spaces, this residence is designed to fit your life—whether you’re relaxing in the Florida room, entertaining on the patio, or dreaming up your next backyard project. Don’t let this fantastic opportunity slip away—take the 3D tour online to explore every corner, then schedule your private showing today. This Holiday Park/Sheryl Manor Treasure is ready to welcome you home with open arms and endless possibilities!
Source: STELLAR #TB8358729
Financials
Source: Public records
Source: STELLAR #TB8358729
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.