410 140th Ave E, Madeira Beach, FL 33708
3 beds · 4 baths · 3,451 sqft
WATERFRONT ELEVATED COASTAL DREAM WITH OVERSIZED POOL – A BEACH PARADISE WITH GENERATIONAL LIVING POTENTIAL! This incredible 3-story elevated home, located just four blocks from the pristine white sands of Madeira Beach, combines luxurious coastal living with practicality and ample space. With a permitted new addition nearing completion, this property will soon boast 3,564 total square feet of versatile living space. Perfect for multi-generational families, the expansion includes an additional master bedroom, en suite bathroom, private balcony, extra storage, additional living area, and a new laundry room. Built in 1983, this unique home already features two large primary suites with private en suite bathrooms, walk-in closets, and private balconies offering breathtaking views. A spacious kitchen adds to the home’s charm - all updated and filled with natural light. The living room is a cozy retreat with sliding glass doors with a magnificent view of the bay. On the bottom floor there is a bonus room Which could be used for multiple uses: office, den, additional guest room. The existing garage is 570 ft and the addition provides additional covered parking and enclosed storage. Situated on an oversized 13,190-square-foot lot, the home is surrounded by tropical landscaping, offering privacy. The large pool, complete with paver decking and elevated seating areas, is the ultimate space for relaxation or entertaining. The composite dock and jet ski lift was completed in 2023. Also, it can house a Pontoon boat easily. Nestled along a protected harbor, this property provides direct water access for boating enthusiasts. From your private dock, you can enjoy kayaking, paddleboarding, jet skiing, fishing, or a quick boat ride to the Gulf through Johns Pass Inlet. Enjoy daily views of dolphins, occasional manatees, and awe-inspiring sunsets from the comfort of your outdoor oasis. Located just 1 mile from the famous Johns Pass Village, you'll have easy access to vibrant shopping and dining. This home truly embodies the ultimate beach lifestyle. Schedule your showing today and make your coastal living dreams a reality!
Source: STELLAR #tb8328776
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8328776
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: #tb8328776
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.