601 42nd Ave NE, Saint Petersburg, FL 33703
2 beds · 2 baths · 1,129 sqft
HUGE PRICE ADJUSTMENT- LET'S GET THIS ONE SOLD - MOVE IN READY!! Inviting Pool Home with Open Floor Plan, Ideal for St. Pete Living!! Discover the perfect blend of comfort and convenience in this delightful 2-bedroom, 2-bathroom pool home nestled in the heart of bike-friendly St. Petersburg. Just a short bike ride away from the iconic St. Pete Pier and Downtown, this property promises a lifestyle of ease and enjoyment. Step inside to find an open floor plan that effortlessly connects the spacious living area, dining space, and modern kitchen. Natural light floods the interior through large windows, highlighting the stylish finishes and inviting atmosphere. The well-equipped kitchen boasts sleek cambria quartz countertops with waterfall edge, blck/stainless steel appliances, and ample storage, making it a culinary haven. Whether you're enjoying a quick meal at the breakfast bar or hosting a dinner party, this space is designed for both functionality and charm. Outside, your private retreat awaits with a sparkling pool surrounded by Florida friendly landscaping and spacious covered patio perfect for lounging or entertaining guests. Additional highlights include paved alley with gated access leading to a convenient carport and a storage room, providing ample space for vehicles and belongings. For outdoor enthusiasts, Crisp Park is just a 3-minute drive or a leisurely 12-minute walk away, offering a boat and kayak launch, playground, and picnic areas. Nearby, you'll also find shopping, dining, and entertainment options within a 3-minute drive, ensuring everything you need is within easy reach. When it's time to explore further, Downtown St. Pete and the vibrant St. Pete Pier are only 17 minutes away, offering world-class dining, cultural attractions, and endless entertainment possibilities. Don't miss this opportunity to own a slice of paradise in one of St. Petersburg's most desirable neighborhoods. Schedule your showing today and envision yourself living the quintessential Florida lifestyle in this exceptional pool home! Some Photos are Virtually Staged.
Source: STELLAR #u8251426
Source: STELLAR #u8251426
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: #u8251426
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.