904 E Knollwood St Tampa, FL 33604
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About this home
Welcome to The Knollwood Cottage in trendy Old Seminole Heights— where timeless Seminole Heights charm meets the energy of the ever-growing Nebraska corridor. Live just steps from local favorites like The Rollin Mullet, Gangchu, and Magnanimous Brewing, beautiful parks, new volleyball courts, and charming Lake Roberta, with even more exciting businesses continuing to pop up around you ALL the time. A cottage built with all the charm of the 1950s, this home has been tastefully updated from top to bottom, including a newer roof, HVAC, plumbing, electrical, kitchen, and bathrooms. Step inside and take in the abundant natural light (you'll adore the picture window in the living room), thoughtful updates, and surprising functionality throughout. The split floor plan offers ideal privacy and separation while still maintaining an inviting flow that’s perfect for both everyday living and entertaining. The spacious primary suite is a rare find in homes of this era, featuring a large walk-in closet and an attached bonus room that makes an ideal home office, nursery, dressing room, reading nook, or workout space. Modern touches like built-in Bluetooth speakers in both bathrooms and a touch-free kitchen faucet add convenience, while the kitchen’s generous cabinet space and built-in wine fridge bring a touch of luxury. Toward the back of the home, a dedicated laundry room provides extra storage — another rarity in 1950s homes — and leads to the screened lanai overlooking the large, fully fenced backyard. There’s plenty of room for a pool, garden, or your favorite weekend activities, making this the perfect place to relax, unwind, and truly enjoy life in the Heights. Tastefully remodeled with style and practicality in mind, this home offers the best of both worlds: historic charm and modern convenience, right in the heart of highly desirable Old Seminole Heights.
Source: STELLAR #TB8440979
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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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