460 48th St S Saint Petersburg, FL 33711
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About this home
Welcome to your St. Petersburg retreat! Perfectly situated just minutes from vibrant downtown and a short drive to the Gulf beaches, this 3-bedroom, 2-bathroom block home offers both convenience and charm in one of the area’s most desirable neighborhoods. Step inside to a bright and spacious living room that flows into a separate dining area with sliding doors to the backyard—an open layout that’s ideal for everyday living and entertaining. The split floor plan provides privacy, with the primary suite featuring a walk-in closet and en-suite bath on one side, while two additional bedrooms and a full bath are located on the other. The converted garage adds even more versatility, perfect for a home office, playroom, fitness studio, or guest space. Practical upgrades bring peace of mind and value, including a 2022 roof and fully paid-off solar panels that keep energy costs low from day one. With NT-2 zoning, there’s even potential to add an accessory dwelling unit (ADU). The spacious backyard is a blank canvas, ready for you to create your own outdoor oasis. Best of all—no HOA fees and no flood insurance required. Beyond the home, enjoy the character of charming community, being minutes from waterfront parks, art galleries, shopping, dining, and entertainment. Catch a Rays game at Tropicana Field, explore the Gulfport Arts District, or relax on our world-famous beaches—all just a short drive away with easy access to I-275. Whether you’re searching for a full-time residence, a vacation getaway, or an investment property, this move-in ready gem delivers comfort, flexibility, and unbeatable location in the heart of St. Petersburg.
Source: STELLAR #TB8424601
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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.