5204 Fern Row Ln, Tampa, FL 33611
5 beds · 3 baths · 2,932 sqft
Gene Monroe and Ferncliff, Inc. have joined forces to create a remarkable modern architectural masterpiece nestled in one of South Tampa's most vibrant neighborhoods. This exceptional 5 bedroom, 2 /12 bath, 2 car garage home harmoniously blends elements of Miami's chic style with the distinct charm of Tampa, resulting in a truly unique and captivating design. As you step into the home, you are greeted by a wide and inviting foyer, setting the tone for the modern living experience that awaits you. The kitchen is a chef's dream, equipped with top-of-the-line appliances, ample quartz counter space, and an abundance of modern cabinetry. It is designed to be both functional and aesthetically pleasing, allowing you to prepare culinary delights while still being part of the social atmosphere in the wide open living space. The cascading glass doors leading to the outdoor patio seamlessly blend the indoor and outdoor areas, embracing the concept of indoor-outdoor living. Ascending to the second floor, you'll discover a spacious and luxurious primary suite designed to provide a private sanctuary within the home. Connected to the master bedroom is the primary bath, a spa retreat master shower with rain-head, handheld shower, and two body sprays plus a soaking tub. As well as a generously sized custom built walk-in closet, designed to accommodate your wardrobe and storage needs. Thoughtfully upgraded with over $100,000 worth of luxurious and energy-saving amenities, enhancing both its aesthetics and functionality including large-format porcelain tile & hard wood floors, soli d wooden doors, custom light fixtures and blinds, Kohler plumbing fixtures. energy star appliances, hurricane impact resistant windows, doors and much more. Located conveniently in the vibrant Marina District, this modern masterpiece offers convenient access to a plethora of restaurants, shops, coffee shops, and local grocery stores.
Source: STELLAR #tb8325983
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8325983
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: #tb8325983
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.