9854 51st Ave N Saint Petersburg, FL 33708
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About this home
Welcome to Bay Pines Estates in St. Petersburg, Florida! This beautifully maintained 3 bedroom, 2 bathroom home offers the best of Florida living with an open floor plan and a spacious great room that’s perfect for entertaining family and friends. The heart of the home flows seamlessly into the outdoor living space, where you’ll find a huge covered lanai large enough for dining, lounging, and enjoying evenings by the grill. The lanai is designed for comfort and fun, with room for a TV and plenty of seating. Step into the backyard and discover a true retreat! The yard has been fully turfed for easy maintenance and features a putting green, a tranquil koi pond, and lush tropical landscaping. An outdoor shower/pet washing station adds extra convenience, while the detached storage shed with power offers space for hobbies, tools, or a workshop. For boaters, this home is ideally located close to private and public boat ramps, with plenty of space in the driveway to park your boat trailer. Just minutes from VA Campus, Gulf beaches, shopping, dining, and entertainment, this home places you in the heart of St. Petersburg’s best offerings. Whether you’re hosting gatherings in the oversized great room, relaxing on the lanai, or enjoying the backyard oasis, this Bay Pines Estates home is built for both comfort and lifestyle. Situated in a Non-Flood Zone, High and Dry from recent storms, this home offers a NEW ROOF, updated HVAC system, 200amp Panel with additional breakers for a generator and jacuzzi, providing peace of mind. Located in an unincorporated area, this property offers flexibility for investment, vacation use, or short-term rentals — a rare find in St. Petersburg! Whether you’re seeking a full-time residence, seasonal escape, or income-producing property, this home fits the bill.
Source: STELLAR #TB8431601
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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.