407 PENINSULA AVE, Tarpon Springs, FL 34689
Recent price reduction of over $15,000!!! Experience luxury living in this exquisite 4-bedroom, 2-bathroom home with an oversized 2-car garage, located in the highly sought-after Sunset View neighborhood. This meticulously maintained property just minutes from the beach boasts numerous upgrades, including a NEW ROOF, resurfaced pool (2024), whole-home water softener, newer water heater (2022), new appliances, fresh interior paint, and fully updated kitchen and bathrooms. From the moment you arrive, you'll be captivated by the impeccable landscaping and lush Saint Augustine lawn. Step inside to discover stunning bamboo floors, updated lighting fixtures, wood-burning fireplace, ceiling fans, and abundant natural light. The fully updated kitchen features granite countertops, solid wood shaker-style cabinets, a tiled backsplash, newer stainless-steel appliances, and a spacious kitchen island—perfect for family gatherings. The primary bedroom offers two large closets and an ensuite bathroom, while the split floor plan ensures privacy for the three additional bedrooms and bathroom. Downstairs, you'll find over 800 square feet of bonus air-conditioned space, ideal for a home gym, office, playroom, or simply a retreat from the Florida sun. Outside, enjoy the large, fully fenced yard with a well water irrigation system and a newly resurfaced pool and wood deck—perfect for relaxing or entertaining. With no HOA restrictions, there's ample space to park your boat or RV, making this property an ideal vacation rental. Location is key, and this home is just minutes from Fred Howard Beach Park, Sunset Beach, the Historic Sponge Docks, Craig Park/boat launch, top-rated golf courses, downtown Tarpon Springs, and a variety of shopping and award-winning restaurants. Nestled on over 1/3 acre, this home offers the perfect blend of convenience and tranquility. Call today for your exclusive viewing!
You may be able to put down less than the total down payment amount of $278,717 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: #t3552530