4269 42nd Ave N, Saint Petersburg, FL 33714
3 beds · 2 baths · 1,396 sqft
Fantastic fixer-upper move in storm ready home in desirable unincorporated St. Petersburg. A generous 60x129 lot, this mostly block, 3-bedroom, 1.5-bath home offers incredible opportunity for renovation or equity building. The spacious layout includes a large half-bathroom, with plumbing readily available for conversion to a full ensuite. Room for separate shower/bathtub or huge ADA compliant facilities. Move in ready, storm tested and safe, get comfortable and renovate at your pace. Original 1960’s terrazzo floors cover the living room/kitchen, new carpet in bedrooms. This house is perfect for a FHA or VA loan, fully inspected, including termite, reports are available, No surprises with this home! Get up front peace of mind for loan approvals and fast closings! This house boosts a Citizens insurable TPO commercial grade roof with a 30-year transferable warranty. All upgraded wiring in the kitchen. Impact windows and sliding door in all the main rooms provide you peace of mind. All new street drainage in 2023 works perfectly. Couple blocks from local school / hurricane shelter. Stay comfortable in the house with emergency assistance a walk away. Cell tower power grid ensuring you don’t lose connection. No evacuation needed. Huge entertainment backyard, charming gazebo and a generous saltwater pool, recently resurfaced, with saltwater filtration on double size cartridge filter with auto sweep to make maintenance a breeze. Two sheds at the rear of the property wired with power make a great workspace or AC storage area. Park your recreational vehicle in the alley entrance complete with 30-amp outlet and hose connection, large enough for Class A or a 38’ vessel on trailer. Home includes a new Gentech house generator and double tanks keeping power on up to 12 days. Automatic switch over, stay comfortable inside or out of town knowing you're covered. Conveniently located on sidewalk streets connect you to two main bus routes, banking, shopping and the newly renovated Community Park with playground, jogging trails and concerts in the field. You are minutes’ drive away from all the beaches and downtown St Petersburg. Whether you are looking for a project to renovate, a first-time home buyer seeking to invest and build equity or a family that requires space and comfort for medical equipment or elderly needs and wants the peace of mind that comes with this solid home; this could be perfect for you. Roof 2016 - Impact Windows 2022 (except for one window in the back) - Carport Roof 2021 - AC Wall Unit 2024 – Water Heater 2018 – Tented 2022 **No wholesalers, assignable contracts, or subject-to offers**
Source: STELLAR #tb8321782
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8321782
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: #tb8321782
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.