4010 W Neptune St Tampa, FL 33629
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About this home
Historic South Tampa Craftsman Home with an Assumable Loan. (Tenant Occupied Please do not disturb.) Showings by Appointment Only-24 Hour Notice Step into a piece of Tampa history with this beautifully updated 1925 Craftsman bungalow on an oversized lot in the sought-after Grady, Coleman, and Plant school districts. This one-of-a-kind home blends timeless character with modern updates, featuring three bedrooms, three baths, an office/den, and a vaulted-ceiling primary suite. Original woodwork, floors, and windows remain, complemented by upgrades like California Closets, a new HVAC system (2024), and a detached two-car garage with Tesla charger and additional EV port. Perfect for multigenerational living, the oversized lot and detached garage offer the potential for a complete guest or in-law suite—while still leaving plenty of parking. A rare 2.75% assumable VA loan (available to veterans who qualify) adds significant financial value. The property also includes approved pool renderings with $34K in prep work completed. If the buyer chooses to utilize the existing renderings and contract, they can build the pool at the original locked-in pricing—offering substantial savings compared to today’s costs. (Only good until December 31st, 2025.) Recent updates include: • Exterior: full repaint (2022), fencing & gates (2023), custom side porch (2023), uplighting (2024), irrigation system (2024), landscaping (2024). • Interior: plantation shutters (2022), Murphy bed & built-ins, updated baths, new water heater (2023), fireplace hearth (2024). • Systems: new HVAC & ductwork (2024), termite tenting w/ warranty (2024). Additional notes: stove is electric; propane tank supports hot water heater and allows easy conversion for gas cooking. All appliances convey except dining chandelier. This rare South Tampa opportunity combines historic charm, modern convenience, financial advantages, and potential pool savings—all on one of the area’s most desirable streets.
Source: STELLAR #TB8433560
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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.