525 Jasmine Way S, Saint Petersburg, FL 33705
2 beds · 1 baths · 1,608 sqft
One or more photo(s) has been virtually staged. Located in the sought-after Bayou Highlands neighborhood, this exceptional 2-bedroom, 1-bathroom mid-century modern home offers 1,608 square feet of timeless design and thoughtful updates. Set on a spacious .32-acre lot (95x146), the home features a unique blend of cypress, cedar, and brick exterior materials, creating both durability and striking curb appeal. With architectural charm, modern upgrades, and ample outdoor space for gardening and entertaining, this home is a rare find and an incredible value! As you approach, you'll be welcomed by a charming front entrance with slate steps and a stained-glass front door. Inside, the open-concept layout leads into the spacious living and dining areas, both featuring vaulted cypress/cedar tongue-and-groove ceilings, which are not only visually appealing but also moisture-resistant and pest-repellent. The living room centers around a cozy brick wood-burning fireplace, flanked by built-in bookshelves, creating an inviting space. Original oak hardwood floors throughout add warmth and character, further enhancing the modern appeal. The elegant dining room, with a beadboard accent wall, provides a perfect space for gatherings. The updated kitchen is bright and airy, offering new granite countertops, and abundant cabinetry, blending retro charm with modern convenience. One of the standout features of this home is the sunroom, accessed through a stunning triple-glazed stained-glass door. This sun-drenched room boasts floor-to-ceiling Category 4 windows, flooding the space with natural light. The built-in planter box offers the perfect space for orchids or other indoor plants, adding a touch of nature to the room. Whether used as a living room, office, or cozy retreat, this space provides a serene environment with views of the lush backyard. Both bedrooms are generously sized, with cedar-lined closets to keep clothes fresh. The retro bathroom, with original tilework, retains nostalgic charm while remaining fully functional. The expansive backyard is an entertainer's dream, featuring plumbing and electrical connections where a greenhouse once stood, ideal for an outdoor kitchen and plenty of space for a pool. Native Florida plants, including bamboo, sour orange, pink lemon, pomelo, and clementines, the garden is low-maintenance and sustainable. Additional outdoor features include a predator-proof chicken coop, compost bin, and a sprinkler well, all enhancing the home’s eco-friendly appeal. The roof was replaced in 2024, with new insulation added throughout, including the carport area, which could easily be converted into a primary suite. Additional improvements include a Trane XR HVAC system (2016) with UV light and air purification, a new water heater (2022), and a new sewer line (2021). Bayou Highlands offers a tranquil, urban feel and is surrounded by lush parks, bars, and top-rated schools. Just minutes away to Boyd Hill Nature Preserve, Bayou Highlands Park, Cook Park, and a community center with a pool, the location is ideal. Downtown St. Petersburg, with its vibrant dining, shopping, and cultural scene, is just a short drive away. Nearby attractions include Fort Desoto Beach, Pass-A-Grille Beach, and the Skyway Marina District, with easy access to I-275 and St. Petersburg-Clearwater International Airport. This home is a rare combination of style, functionality, and location at an amazing value that won't last long. Schedule a showing today and make this incredible home yours!
Source: STELLAR #tb8331014
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8331014
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: #tb8331014
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