410 140th Ave E, Madeira Beach, FL 33708
3 beds · 4 baths · 3,451 sqft
ADDITION OF 1000 SQFT CLOSE TO COMPLETION NEW ROOF!! MOVE-IN READY NOW WATERFRONT ELEVATED COASTAL DREAM WITH OVERSIZED POOL – A BEACH PARADISE WITH GENERATIONAL LIVING POTENTIAL! RENOVATED TO PREFECTION If you’re considering rebuilding or new construction, expect a 1-3 year timeline—but why wait? This home is ready for immediate enjoyment and offers significant investment 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, making it perfect for multi-generational families. Move-in ready now (minus the addition), there is no need to wait for permits or construction. This home offers an unparalleled opportunity to enjoy coastal living immediately. The thoughtfully designed expansion includes an additional master bedroom with an en suite bathroom, private balcony, extra storage, additional living area, and a new laundry room. Built in 1983, the home already features two large primary suites with private en suite bathrooms, walk-in closets, and private balconies offering breathtaking views. The spacious, updated kitchen is filled with natural light, making it a delightful space to cook and gather. The living room, with its sliding glass doors, provides a cozy retreat with stunning views of the bay. A flexible bottom-floor bonus room adds even more versatility, suitable as an office, den, or additional guest room. The existing 570-square-foot garage, combined with the addition, offers extra covered parking and enclosed storage. Situated on an oversized 13,190-square-foot lot and surrounded by tropical landscaping, the property offers privacy and tranquility. The large pool, complete with paver decking and elevated seating areas, creates the perfect space for relaxation or entertaining. Boating enthusiasts will appreciate the composite dock and jet ski lift, completed in 2023 and capable of housing a pontoon boat. Enjoy direct water access for kayaking, paddleboarding, jet skiing, fishing, or a quick boat ride to the Gulf through Johns Pass Inlet. From your private dock, you can marvel at daily sightings of dolphins, occasional manatees, and breathtaking sunsets. Located just one mile from the famous Johns Pass Village, the home offers easy access to vibrant shopping and dining. This elevated coastal dream truly embodies the ultimate beach lifestyle. If you’re considering rebuilding or new construction, expect a 1-3 year timeline—but why wait? This home is ready for immediate enjoyment and offers significant investment potential. Schedule your private showing today and make your coastal living dreams a reality!
Source: STELLAR #TB8328776
Send questions to support@withroam.com
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8328776
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.