612 Addison Dr NE, Saint Petersburg, FL 33716
4 beds · 3 baths · 2,754 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. This property is the 4 bed, 3 bath, pool home you have been waiting for, in the lovely neighborhood of Sterling Manor at Brighton Bay. This one story, block construction home with 2 car garage backs up to a serene conservation area allowing privacy with no neighbors in the back. Step inside the double entry front doors into an open floor plan with 2,754 sq ft of living space, featuring high ceilings and plenty of natural light. The kitchen was updated to include wood cabinets, granite countertops, decorative backsplash, newer appliances, and a walk in pantry. The kitchen overlooks a large family/gathering room with space for eating casual meals and entertaining with friends and family, while a separate dining room allows space for formal dining.The living room features French doors to the enclosed lanai and pool. The refinished salt water pool is solar heated. The home also features a separate home office and indoor laundry room where both provide shelving and storage. The fourth bedroom can be used as in-law suite as it has its own bath and private entrance, or for use as the pool bath. The primary suite was recently renovated to include LVP flooring and features an extra large walk in closet with built in storage. The primary bath includes a new soaking tub and glass enclosed shower. A vanity with dual sinks and granite countertop completes the elegance and versatility. Many newer impact windows and sliding doors add to peace of mind and comfort. This home features a split floor plan with the two additional bedrooms allowing extra room and privacy for guests. Plantation shutters, recessed lighting, lighting fixtures and crown molding add to the elegant interior. The community features include a community pool, tennis, basketball, volleyball, Pickleball courts, and a playground. A convenient location tucked away from it all with plenty of outdoor activities for an active lifestyle. A short drive to downtown St. Petersburg, TIA, PIE and 1 traffic light to Amalie Arena. Roof (2019), exterior paint (2023). Several impact windows and slider doors (2024); A/C units (2021, 2022), garage door & opener (2024); newer appliances. This home was not impacted by the recent storms.
Source: STELLAR #TB8356438
Source: STELLAR #TB8356438
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.