833 1st St NE Saint Petersburg, FL 33701
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About this home
WALK TO DOWNTOWN! St. Pete historic “Old NE” corner home with adjacent tandem 2-Car Garage – featuring a 1 bedrm/ 1 bath (590 sqft) rental apartment on top for added income! Live the CHARM OF YESTERYEAR in this cute 2-story, classic, 1925-built custom home with 4 bedrooms and 2 baths (1566 sqft). The “neighborly” front porch (22 x7) welcomes guests to “stay and sit a spell.” A wood-burning fireplace in the living room matches this home's warm & comfortable atmosphere. 1st floor bathroom has a CLAWFOOT tub and there is laundry hook-up with washer and dryer in the downstairs hallway, and a side entrance. The upstairs Master bedroom with enchanting slanted ceiling and walk-in closet leads to a 11x6 sitting area or solarium with its own wall A/C. A remodeled large bathroom upstairs features dual sinks. All windows (recently serviced) were replaced in 1998, shingle roof in 2019 (gutters installed), there is NO garage door opener (manual). Other features include a newer electric panel box (1999) with copper wiring and 200 Amps, 3 "YORK" A/C units from 2016, 2018, 2020, fresh interior paint, ceiling fans throughout & a newer Rheem hot water heater. The “Cute-as-a-Button” garage apartment features laminate floors, and is move-in-ready for a new tenant or family member. Two Gazebos, one in the very private, walled-in back area, and one along the south side of the home invite for outdoor relaxation and socializing. There is one on-site parking spot in front of the garage, and owner gets 3 visitor passes for guests to park along the magical roads of the Old Northeast with its signature HEXBLOCK sidewalks. This property is situated 27ft above sea-level (no flood zone) in the so-called “green zone” – tied to the downtown hospital with fewer power losses during storms. Come take a look at this adorable property – don't let the opportunity slip away to own your own little slice of heaven so close to the St. Pete waterfront and vibrant downtown area!
Source: STELLAR #TB8410904
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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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