224 Toledo Way NE Saint Petersburg, FL 33704
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About this home
An ideal location on Snell Isle, 224 Toledo Way NE is a 2015 custom home that went through over $750K in renovations in 2023. At a great elevation 9.4 ft with policy of $826/ year. Never flooding or water pooling on street and surrounded by other beautiful new construction homes. Just a block to Brightwaters Blvd makes it THE IDEAL location and house for a buyer that wants top of the line everything. An open and functional layout with a pantry, mud room and 5th bedroom with closet (that is currently an office.) Gorgeous finishes with all new flooring throughout (Coretec plus luxury vinyl in Ellidy Oak) an incredible custom kitchen rebuilt completely with all new cabinets, fixtures, lighting, appliances, Cambria 2.5" Quartz countertops with waterfall and an incredible custom built and massive wall feature to highlight the clean lines and natural textured style accented by gorgeous wood beams in the living room. It's a WOW. A new whole house generator and turf and fencing for the side and backyard. New epoxy finished garage floor. New security system and cameras. The incredible master bathroom with bidet water closet and walk-in closet were completely rebuilt and create THE BEST primary suite you have seen on Snell! The one story layout feels great and opens to the screened patio/ pool area and outdoor kitchen making the outside another incredible room to enjoy year round. 2025 roof, new AC's, all new copper pipes, water filtration and water softener, new painting inside and out, custom landscaping and exterior lighting. Nothing has been untouched and there is nothing left to do.
Source: STELLAR #TB8431721
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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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