807 E Chelsea St, Tampa, FL 33603
4 beds · 3 baths · 2,452 sqft sqft
1920's Bungalow with character, charm, a vintage wet bar and 2 CAR GARAGE APARTMENT! The main house is a 3/1 with two bonus rooms! When you walk up to the home the first thing you will notice is the beautifully carved wooden front door! It is said that the original owner of the home was one of the post masters of Tampa, and the door was a love letter/gift hand carved for his wife! As you walk through out the main house there are many notable original aspects to the home that have been restored/preserved. From the BUTLER kitchen door, 1920's arches, to the popular vintage crystal/glass bedroom handles, original hardwood floors, the 1920's pink bathroom, light fixtures and chandeliers, to the noteworthy wet bar in the 3rd bedroom. If you love bungalow character this home is for you! Once you enter the dining room you will notice beautiful curved french doors to the bonus window room. A PERFECT place to unwind and relax in your home flooded with natural light. Going through the Butler door to the kitchen take notice of the FULLY RENOVATED 2024 kitchen. Quartz Countertops, brand new appliances with 3 year warranty, a GAS stove, FULL PANTRY, and eat in bar area. The Kitchen faces another BONUS room that could be converted into a full laundry room. Off the kitchen you will enter the 3rd bedroom. This room is a vibe! The wet bar and walk in storage closet are perfect for entertaining. If not your style this room could easily be converted into a master bedroom with walk in bath as closet is next to bonus room where plumbing is available. Other NOTEWORTHY UPGRADES: NEW tankless hot water heater in the main house, Insulation 2024, Extermination Treatment 2024 (Warranty in place and transferable), new gutters, new windows in bedroom of apartment, new sewer line and plumbing in place to add laundry to main house, brand new transferable security system, new back door to main house, both main and garage apartment are freshly painted inside and out, new blinds, updated electric, new roof on Garage Apartment, HVAC freshly serviced with membership that is transferable to buyers. Now, let's talk GARAGE APARTMENT! Down stairs you will find a 2 car garage with attached large laundry room and half bath. Parking and storage galore! Or you could fully convert the garage into another 1/1 and have DOUBLE RENTAL INCOME. As you enter the apartment upstairs note the arches and period appropriate charm! This 1/1 apartment is spacious with separate living room, kitchen, dinning room and bedroom. The apartment has a bungalow style bathroom and large screened in porch perfect for relaxing in the evening or a morning coffee with the song birds. Minutes from downtown and all major highways the location could not be more perfect! Walking distances to trending Seminole Heights bars, restaurants and shops.
Source: STELLAR #t3537895
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3537895
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: #t3537895
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