3027 Burlington Ave N Saint Petersburg, FL 33713
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About this home
Nestled within the charming brick-lined streets of Historic Kenwood, this exceptional property offers a unique blend of historic charm and modern comfort. The main home features 2 bedrooms and 2 bathrooms across 1428 sq ft, along with a beautiful Florida Room, providing a bright and versatile space for relaxation or entertaining. It also boasts a private driveway, a rare and attractive feature in this highly sought-after neighborhood. In addition to the main house, this home features an in-law suite/cottage with its own entrance and driveway, which offers 740 sq ft of additional living space; ideal for extended family or rental income, with off-street parking for added convenience. Step inside the main residence, where recent upgrades enhance both style and functionality. New hurricane-rated windows from A-1 Windows and Doors flood the living spaces with natural light. The kitchen has been fully renovated with smart LG appliances under a comprehensive 3-year warranty, complemented by a recent full kitchen remodel in 2025 that includes new floors, cabinets, tile, and lighting. The interior has been freshly painted, and the wood floors have just been refinished, creating a pristine atmosphere throughout. Outside the Florida Room, the courtyard features a recently installed fence and a relaxing hot tub spa, perfect for unwinding after a long day. A recently remodeled front yard with beautiful landscaping further enhances the curb appeal of this historic gem. The cottage part of the home offers additional comfort and privacy, featuring updated appliances, new wood tile flooring, and a large deck. While the cottage has its own entrance and driveway, a door that once connected it to the Florida Room has been closed but left intact. This offers the possibility for a future buyer to create an Owner's Suite by reuniting the two spaces as one home, combining both for ultimate privacy and functionality. Located just steps from Seminole Park and surrounded by the vibrant community of Historic Kenwood, residents enjoy being part of an artist enclave with activities like Bungalow Fest and monthly parties organized by members of the Historic Kenwood Neighborhood Association (a voluntary HOA that is only $50 for two to join annually). The neighborhood is known for its walkability to Central Avenue in the Grand Central District, offering eclectic shops, independent restaurants, and a lively cultural scene. This is more than a home; it's a gateway to a vibrant community and a lifestyle rich in history and modern conveniences.
Source: STELLAR #TB8433945
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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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