228 Azalea St Lakeland, FL 33803
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About this home
Welcome to 228 Azalea St., a beautifully maintained 4-bedroom, 2-bath concrete block home perfectly situated on a generous corner lot of more than a quarter acre in the heart of Lakeland. The expansive front yard and prime corner setting provide extra space, privacy, and a peaceful feel rarely found in similar neighborhoods. Offering over 1,700 square feet of comfortable living space, this home features modern luxury vinyl plank flooring throughout the living areas and updated bathrooms with tiled showers. The kitchen shines with granite countertops, updated appliances, and new lighting, while multiple entry points offer the flexibility to create a private mother-in-law suite or primary retreat. Recent improvements include added attic insulation, a well-maintained A/C system with a large air handler for energy efficiency, and a roof and water heater both less than five years old. Outside, enjoy a serene side-yard oasis enclosed by a 6-foot wood privacy fence and shaded by mature trees. Two separate driveways—one newly replaced in 2023—provide ample parking, and the two-car garage with automatic door openers is a rare neighborhood perk. Additional upgrades include a termite bond, surge protection built into the electrical panel, new gutters, and charming brick steps with a chipped porch that add classic Old Florida character. Extra outdoor outlets enhance convenience for yard work or entertaining, and the hot tub on a brick pad may be negotiated separately. With its blend of modern updates, timeless charm, and close proximity to shopping, dining, schools, and major roadways, this home delivers exceptional comfort, functionality, and location.
Source: STELLAR #P4936856
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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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