3523 W MCELROY AVE, Tampa, FL 33611
Move-In Ready Charming South Tampa retreat with Modern Updates!!! Welcome to this inviting South Tampa home, where classic Florida charm meets contemporary comfort. Nestled on a tree-lined block with mature shade trees, this quintessential Florida residence features beautiful hardwood and tile flooring throughout, creating a stylish and low-maintenance living environment. The spacious living room, bathed in natural light from a large picture window, provides a warm and welcoming atmosphere. Versatile flex space off the living room offers endless possibilities—whether you need an office, dining room, drop zone, or rec room. It flows seamlessly into the updated kitchen, where you'll find sleek stainless steel appliances and elegant granite countertops and backsplash. Enjoy picturesque views of the expansive backyard, perfect for year-round enjoyment. The neutral color palette throughout the home ensures a versatile backdrop for any decor style. The home features two comfortable bedrooms and a traditional bathroom with a tub and shower combo and a half bath, offering both style and functionality. A well-appointed laundry room is conveniently located inside. The backyard's size and layout provide endless possibilities for outdoor enhancements, from a cozy fire pit area to a vibrant garden. The generous space is perfect for grilling and hosting gatherings, and there's ample room for storing bikes, kayaks, and paddleboards. Imagine adding a storage shed, or garden retreat, or creating a personalized outdoor oasis. The proximity to the bay provides a refreshing sea breeze, enhancing your outdoor enjoyment year-round. This home’s location offers easy access to beaches, marina’s, shopping, dining, and major highways including I-75, the Selmon, and I-4. . Enjoy proximity to MacDill AFB, Downtown Tampa, St. Pete, Hyde Park , Ballast Point Park and Tampa International Airport. With a new roof installed in 2019 and an HVAC system installed in 2017, this home is move-in ready. Don't miss out on this delightful property—schedule your private tour today and experience the best of South Tampa living!!!!
You may be able to put down less than the total down payment amount of $119,036 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6238641
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.