4820 8th Ave S Saint Petersburg, FL 33711
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About this home
PRICE IMPROVEMENT!!! MOTIVATED SELLER! Gulfport Bungalow Hurricane-Safe, Move-In Ready, with ADU Income Potential! Discover a rare blend of character, comfort, and future flexibility in this spacious 3-bedroom, 1,800 sq ft bungalow just steps from the renowned Pinellas Trail and minutes to Gulfport Beach, downtown St. Pete, and the dazzling St. Pete Pier. Step inside to warm wood floors and a statement fireplace in the oversized living room the heart of the home, perfect for entertaining gatherings or enjoying relaxed evenings. Host dinner parties or game nights in the formal dining room, or greet the morning with coffee in the sunny breakfast nook the expansive kitchen awaits your culinary creativity. Two king-sized bedrooms provide generous retreats, while a private third bedroom at the rear is ideal for guests or a dedicated home office. Enjoy convenience with indoor laundry, abundant storage, and peace of mind from thoughtful updates: new roof (2022), efficient AC (2017), and partial 2022 renovation leave you move-in ready, yet with plenty of space to personalize. Looking for income potential or multigenerational living? This property is zoned for an ADU just imagine a backyard cottage for grandma, a light-filled studio, or future rental income. With up to 800 sq ft allowed under city regulations, your options are wide open. What truly sets this home apart? It’s high and dry proven safe during recent hurricanes, elevated and resilient for worry-free living and potential insurance discounts. Outdoor adventure is just a half-block away bike, jog, or stroll the Pinellas Trail through the heart of St. Pete; explore lively Gulfport, or hop downtown for arts, dining, and waterfront sunsets. Opportunities like this near the Trail are truly rare so schedule your private showing today before it’s gone. Secure your piece of peace, flexibility, and Florida sunshine!
Source: STELLAR #TB8402814
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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.