5124 5th Ave N, Saint Petersburg, FL 33710
3 beds · 2 baths · 2,250 sqft
Welcome home to your centrally-located 3 bedroom 2 bath 2250 square foot home located in the highly-desirable Live Oaks Community in St. Petersburg. This home was built in 1947, back when homes were built to last! There have been many updates to this home yet it still maintains the charm and character of the original construction including a fantastic Great Room with unique custom tile flooring and a vaulted ceiling with wood beams in the kitchen. The original hardwood flooring remains throughout a good portion of the home as well. Updates include newer windows, new AC system installed July 2023, a tankless water heater installed in 2015, updated bathrooms and more. The main portion of the roof was replaced in 2013 and the flat area was redone in 2017. There is an extra refrigerator and a separate freezer in the Great Room that will convey along with three wall-mounted televisions. The house has been fitted with hurricane shutters that are staying also.The spacious, fully fenced backyard is perfect for entertaining with plenty of room for a pool if desired. The driveway has space for two cars in the front and there is a parking deck in the backyard as well with space for two additional vehicles via alley access. The seller is open to making much of the contents available to the new owner including furnishings and collectibles if they are still available.. This is a NO FLOOD zone and the home recently remained safe during Hurricane Milton. If you would love to live in the heart of St. Petersburg and be just minutes away from downtown, St. Pete's many theaters, restaurants, museums, shopping, hospitals, the beautiful Pinellas County beaches and all that the Tampa Bay area has to offer, schedule your showing today!
Source: STELLAR #tb8320967
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8320967
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: #tb8320967
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.