There’s a certain feeling you get the moment you step onto a street like this—quiet, charming, and close enough to the energy of downtown St.Petersburg that you can leave your car at home. Welcome to 121 28th Avenue NE, a beautifully updated 2-bedroom, 2-bath pool home with a detached one-car garage, located in one of St. Petersburg’s most desirable neighborhoods: Grenada Terrace. This is the kind of home where pride of ownership shows up in every corner. As you walk through, you’ll notice how thoughtfully it has been cared for—inside, outside, and everywhere in between. It’s not just updated… it’s maintained, polished, and ready for someone who wants a home that feels easy to live in and effortless to enjoy. Inside, natural light pours through Pella hurricane-rated windows and French doors, creating a bright, open feel that flows beautifully from room to room. The layout is comfortable, functional, and inviting—ideal for everyday living or hosting friends. The kitchen is the heart of the home, featuring GE Café gas appliances that blend elevated design with real cooking power. A whole-home water filtration system adds another level of comfort and peace of mind, and both bathrooms—fully renovated in 2021—deliver a clean, timeless look with an elevated finish. The detached garage is more than just parking—it’s a bonus space with flexibility. It includes additional closet storage for extra organization and a split wall A/C unit, making it perfect for a home gym, hobby space, golf cart parking, or simply keeping everything cool, clean, and functional year-round. Step outside and you’ll see what makes this home truly special: the lifestyle. The dipping pool (2018) was designed for both entertaining and relaxing, complete with a sun shelf and in-pool seating—the kind of setup that makes weekends feel like a staycation. Cool tile decking stays comfortable underfoot, and the electric sunshade (2022) lets you shift from sun-soaked to shaded lounging in seconds. Living in Grenada Terrace means you’re surrounded by the best of St. Petersburg—without giving up the peace of a true neighborhood. You’re just one block from Coffee Pot Bayou, minutes from Beach Drive, waterfront parks, local markets, and some of the city’s favorite restaurants. Want brunch downtown? Hop on your bike. Meeting friends for cocktails? Walk or take the golf cart. And the best part? No parking stress. No traffic headaches. Just easy, everyday access to the St. Pete lifestyle people move here for. If you’ve been searching for a walkable St. Petersburg home for sale with a pool, an updated interior, and a location close to downtown, this is the one that checks the boxes—and actually feels like home. Make your appt today!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
