5701 Commonwealth Ave N Saint Petersburg, FL 33703
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About this home
Private oasis in desired Edgemoor neighborhood! On a tropically landscaped, rare-to-find oversized corner lot (11,430 square feet), this 2,400-square-foot beautifully updated one-story home includes five bedrooms, three baths with an expansive outdoor entertainment/gardening space plus access for RV/boat parking and room for a pool. This exquisitely updated, move-in-ready home was purposely designed to be stylish and energy efficient with superior block construction, newer roof with upgraded shingles (chosen for durability and energy efficiency in 2020), impact-resistant windows and doors (2021) plus a Solar Power electric system with warranty and Tesla backup battery. The solar system is fully owned by the seller and allows for low monthly electric cost. A new 2025 designer kitchen is a chef's delight and showcases gleaming quartz countertops, soft-close wood cabinetry, sleek stainless steel appliances, designer backsplash, durable stainless steel sink, wood look porcelain tile floors, a convenient walk-through pantry/coffee bar, plus an abundance of storage, making the kitchen a centerpiece for everyday living. Entertain family and friends in the light-filled great room that flows effortlessly to the outdoors through French doors, creating seamless indoor-outdoor living. The split floor plan offers privacy for the tranquil primary suite and is a spacious calming retreat featuring double closets and an updated en-suite bath with additional storage space. Go outside to your private urban garden oasis, complete with raised garden beds, wall herb garden, hand-painted tropical mural and a rainwater-fed drip irrigation system, ideal for those who love sustainable living. Enjoy dining alfresco and savoring tropical breezes in the covered outdoor bar area with power, lighting, overhead fans and TV hookup. Rounding off the outdoor space is a PVC fenced yard, two storage sheds (8-by-14 and 10-by-14) and a circular driveway with ample parking. Three spacious bedrooms with generous sized closets and two additional spa-like baths offer a flexible use floor plan and a fifth bedroom serves as a bonus space, ideal for a home office or gym. A dedicated laundry room with extra storage adds additional convenience as well. Close to 4th Street, it features grocery stores including Publix, Fresh Market, restaurants, gyms as well as near schools and parks.
Source: STELLAR #TB8438408
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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.