1141 Drew St Clearwater, FL 33755
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About this home
Charming Clearwater gem with stunning backyard oasis! Welcome home to this beautifully maintained 2-bedroom PLUS bonus PLUS den (could easily be 3 bed plus bonus), 1.5-bath residence filled with charm, functionality, and fantastic bonus spaces—all nestled in a prime Clearwater location just minutes from downtown and area beaches! As you step through the front door, you're welcomed into a warm and inviting living room featuring a large picture window offering abundant natural light, wide baseboards and rich wood flooring throughout, a cozy brick-front fireplace with mantle—perfect for relaxing evenings. Additionally, there is a bonus storage closet off the living room that is also accessible in the hallway. To the left of the living room, you'll find a flex bonus room ideal for a home office, reading nook, or even a playroom. Adjacent is the formal dining room, which also boasts beautiful wood flooring and sunny windows that create an inviting space for meals and gatherings. The kitchen has a stylish blue/green-accent backsplash tile that adds a pop of personality. There is a double stainless steel sink, four-burner cooktop, dishwasher, and side-by-side refrigerator plus counter space for food prep and entertaining. Off the kitchen is a generously sized laundry room with washer and dryer and extra cabinetry and counter space—perfect for folding laundry or additional storage. With ample windows overlooking the backyard, this flex space offers bonus potential as an additional office or craft space. The primary bedroom features two large windows bringing in great light, a walk-in closet with built-in shelf, and a private half bath with additional cabinet and counter space. The second bedroom is light and bright with a closet with built-in shelving for optimal organization. The main full bath is located off the hallway and is updated with a step-in shower with sliding glass door, marble tile surround and decorative tile floor, plus a stylish vanity with drawer storage. The backyard is a true tropical oasis featuring a stunning brick-paved patio, ideal for outdoor dining and entertaining, lush landscaping and mature greenery and a soothing fountain that enhances the peaceful setting. Tucked at the back of the property there is an incredible oversized garage/workshop/storage shed with electricity, built-in shelving, and plenty of room for tools, bikes, or even a workshop. Located just minutes from downtown Clearwater, shopping, dining, parks, and world-famous beaches, this home offers the perfect combination of charm, functionality, and unbeatable location. Don’t miss out—schedule your private tour today and make this Clearwater gem your new home!
Source: STELLAR #TB8414682
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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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