601 52nd Ter N
Saint Petersburg, FL 33703
3 beds · 3 baths · 1,995 sqft
$621,499
Get prequalified601 52nd Ter N
Saint Petersburg, FL 33703
3 beds · 3 baths · 1,995 sqft
$621,499
Get prequalifiedWelcome to Paradise in the Gated Colonnade Subdivision! Step into comfort and elegance with this beautifully maintained 3-bedroom, 2.5 bath home with 2 car garage, nestled in the highly sought-after gated community of Colonnade—where privacy, peace, and charm come standard! An unbeatable location—just minutes from vibrant Downtown St. Petersburg and I-275. Inside, you’ll be wowed by the very open floor plan, perfect for entertaining or simply enjoying everyday life. The spacious kitchen is a true showstopper, featuring granite countertops, an ample breakfast bar, and a walk-in pantry—ideal for culinary adventures and gathering with loved ones. The living room is grand featuring high ceilings that make the space feel open, airy, and welcoming. The solid concrete block construction and stucco exterior provide both security and peace of mind and low HOA fees. Head upstairs to find a versatile bonus room, a perfect flex space to suit your lifestyle. Whether you need a second living room, home office, playroom, or screening room, this space has you covered. Retreat to your owner’s suite, where relaxation awaits under a tray ceiling with a massive walk-in closet and a luxurious ensuite bath complete with granite dual vanities and a spacious tiled walk-in shower. Two additional bedrooms offer spacious walk-in closets and share a second full bathroom—perfect for family or guests. The upstairs laundry closet, complete with washer and dryer, adds extra convenience right where you need it. Head back downstairs and step outside to your private screened lanai, where you’ll sip your morning coffee or unwind in the evening while soaking in the serene pond view—pure tranquility! And don’t forget the perks of community living—the resort-style pool, charming pergola, and grand pavilion offer the perfect setting for weekend relaxation. The community has experienced no flooding, storm damage or power outages even in the worst of weather. Don’t miss your chance to own this slice of paradise!
Source: STELLAR #TB8387673
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.