345 Dr M L King Jr St N, Safety Harbor, FL 34695
3 beds · 1 baths · 1,024 sqft
According to analysts, home prices will increase in 2025 and interest rates will drop so maybe you ought to schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'..." About the property: •There is an Assumable VA Loan in place. •Although the "Actual Year Built" was 1964, the "Effective Year Built" is 2002 which is the estimated age of the property based on its current condition, including renovations, updates, and wear and tear. •FULLY RENOVATED and cute-as-a-button 3-bedroom home sitting pretty on a high and dry homesite measuring approximately 58 wide x 108 deep, in a NON-FLOOD ZONE X and NON-HOA part of town. •The home features all new luxury vinyl flooring, window blinds, new fixtures, new barn doors, ceiling fans in all 3 bedrooms including living room, a beautifully renovated kitchen with all new stainless-steel appliances: refrigerator, dishwasher, stove, and mounted microwave; as well as all new cabinetry, garbage disposal, single-hole deep kitchen faucet with modern spray head, stone countertops, and a decorative backsplash tile. •The well-built one-bedroom converted garage welcomes you with a barn door and it includes a storage room that may be used as a closet; it is also set up with washer and dryer hook-ups. •Two single-sink vanities make up the bathroom that includes a beautifully tiled shower and tub. •Re-roofed in 2011 – wind mitigation report and disclosures are attached to the listing for public view. New fence installed in 2021; Tuff Shed installed in May/June 2022. There is an additional storage Shed and still ample yard space to fit a pool. •The property is on public utilities and sewer; within steps from public transportation and from one of Pinellas County’s highly sought-after hubs: City of Safety Harbor which is located on the west shore of Tampa Bay. Enjoy the Marina & Pier, Safety Harbor Resort and Spa, Art and Music Center, Philippe Park for paddle boarding, kayaking, boat launch, fishing, play areas or, enjoy a soothing stroll under some of the most gorgeous oak trees around. Restaurants, schools, waterfront parks, tons of chic spots are also some of many activities that Safety Harbor offers, and this home-sweet-home is just steps from all of it yet tucked away in a residential street surrounded by homes alike. •Properties like this are a dream for many so take action now instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight. •Measurements including square footage are an approximation. Buyers are encouraged to verify all information herein.
Source: STELLAR #tb8314224
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8314224
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: #tb8314224
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.