1803 42nd Way N Saint Petersburg, FL 33713
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About this home
Welcome to this fully remodeled 2-bedroom, 2-bathroom block home with 1,421 sq ft of living space, a 1-car garage, and timeless coastal charm. Situated high and dry on a quiet street with no flood zone concerns. A welcoming front porch and a large, beautiful shade tree add charm and curb appeal to the front yard. Step inside to an open-concept layout with soft coastal tones, recessed lighting, and luxury vinyl plank flooring throughout. The spacious living room features a shiplap accent wall, and the primary bedroom also includes a stylish shiplap feature for added character. The updated eat-in kitchen is a showstopper with a large center island, propane gas range, ceiling-mounted hood, apron-front farm sink, subway tile backsplash, granite countertops, shaker cabinetry, bar seating, and an undermount microwave. A sun-drenched bonus room at the rear offers formal dining or flex space, complete with a dry bar, wine cooler, and access to the expansive travertine tile patio and beautifully landscaped, fenced backyard with ample room for a pool. The main bathroom boasts a double vanity and large LED mirror. The garage includes the original second bathroom (not in heated sq ft), providing potential to convert into an owner’s suite. Additional highlights include impact-rated windows and doors, Tesla EV charger, and fresh interior/exterior paint. Just minutes to I-275, shopping, dining, beaches, and vibrant downtown St. Pete.
Source: STELLAR #TB8405420
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.