8723 Hickorywood Ln, Tampa, FL 33615
3 beds · 2 baths · 1,965 sqft
Come see this three bedroom, two bathroom WATERFRONT home in Baycrest Park today! This home sustained water damage during the recent hurricanes (has been remediated for mold) and needs a new owner to add their desired design aesthetics to bring it to it's former glory!(see before pictures) This ranch style, block construction home sits on a saltwater canal with 75 feet of water frontage and is just a short boat ride out to Tampa Bay. Key features include covered two car parking under the carport, trex composite dock (4 years old) and 10,000 pound boat lift, bonus "Florida" room, fireplace with stone surround and terrazzo flooring throughout. Original kitchen configuration allowed for an open floorplan with countertop bar area overlooking the living room and breakfast/seating nook and access to family room. The bonus Florida room overlooks the water and is a great spot to unwind and enjoy the sunset. The Baycrest Park neighborhood is located near all amenities including malls, restaurants, grocery stores and golf courses. It's central location allows for quick access to local bridges, beaches and interstates, with a quick commute to downtown Tampa and surrounding cities. Be near all the action the Tampa Bay area offers including professionals sports teams (Buccaneers, Lightning and Rays), Universities, festivals, beaches, airport, and golf courses. This property offers endless possibilities for the new owner. Finish out the space for your personal use, rehab as an investor for long or short term rental, or rehab with flip potential. Roof is 5 years old and has current clear inspection report, HVAC is 6 years old and double impact hurricane resistant windows in place. Reach out today for a private showing and for all questions regarding condition of property.
Source: STELLAR #tb8331078
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8331078
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: #tb8331078
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