1027 Grovewood Ct Clearwater, FL 33764
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About this home
Live the Florida dream in this executive pool residence located in the highly desirable Grovewood Estates. Set on a private .38-acre lot, this home blends elegance and functionality with a spacious split floor plan, resort-style outdoor living, and a central location only minutes from boating, beaches, and the energy of downtown St. Petersburg. Step inside to find 2,846 sq. ft. of refined living space filled with natural light, highlighted by gleaming walnut wood floors and hurricane-impact windows throughout. The formal living and dining rooms flow into a comfortable family room and a bright, oversized sunroom. With a full wall of Andersen sliding glass doors, the sunroom opens directly to the pool deck and is complete with a custom wet bar featuring Sub-Zero refrigerator, ice maker, Corian countertops, and custom cabinetry—perfect for entertaining. At the heart of the home, the chef-inspired kitchen boasts tray ceilings with recessed lighting, stainless steel appliances including a double oven, abundant cabinetry, and a clear view of the pool. The private owner’s suite, tucked away off the dining room, features a walk-in closet, ensuite bath, and sliding doors leading to the sunroom. The guest wing offers three spacious bedrooms with a Jack-and-Jill bath and a dedicated pool bath for ultimate convenience. The outdoor living space is a true retreat, centered around a resurfaced pool (2023) with new tile, pump, and filter. Surrounded by mature privacy hedges and generous decking, the backyard also includes a built-in natural gas grill and ample room for lounging or play. This residence is loaded with thoughtful upgrades, including a whole-house natural gas generator, 2020 HVAC, 2015 tile roof, 2023 gas water heater, water purification system, three refrigerators, LeafGuard gutters, two new Genie garage door openers, and a well-fed irrigation system. A five-camera security system with Ring doorbell provides peace of mind. The oversized laundry and utility room includes a climate-controlled flex space—ideal for a home office, workshop, or gym. Recent updates include fresh interior paint, new laminate flooring in the family room and two bedrooms, and new carpet in the master and guest suite. Located in a non-flood zone and one of St. Petersburg’s most established communities, this executive home delivers privacy, functionality, and luxury all in one. Schedule your private tour today and experience all that Grovewood Estates has to offer.
Source: STELLAR #TB8418574
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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