Welcome to 670 Sparrow Avenue, a rare Palm Harbor property offering space, privacy, character, and incredible value on nearly half an acre beneath a breathtaking canopy of mature oak trees. Nestled on a generous .44-acre lot in one of Palm Harbor's most desirable locations, this unique pool home combines the charm of Old Florida living with endless potential to make it your own. From the moment you arrive, you'll appreciate the peaceful setting, lush landscaping, and sense of seclusion that make this property truly special. Towering oaks frame the home and grounds, creating a picturesque backdrop and inviting outdoor spaces that are becoming increasingly difficult to find in today's market. The backyard is the centerpiece of the property and an entertainer's dream. A massive tiki-style pavilion surrounds the screened-in pool and spa, creating the perfect setting for year-round gatherings, weekend cookouts, pool parties, or relaxing evenings under the stars. Beyond the screened enclosure, the expansive yard offers winding pathways, mature landscaping, room for recreation, gardening, pets, or future enhancements. With nearly half an acre to enjoy, the possibilities are endless. Inside, the flexible split-bedroom floor plan offers privacy and functionality, with approximately 3 bedrooms, 2 bathrooms, a dedicated office, multiple living spaces, and a large bonus/flex room that can easily serve as a media room, game room, fitness area, playroom, or additional family room. The spacious primary suite is privately situated away from the secondary bedrooms and includes a retreat area ideal for a nursery, home office, reading nook, or sitting room. The kitchen features an eat-in dinette space perfect for casual dining and everyday living, while the thoughtful layout provides plenty of room for both entertaining and daily life. Major improvements have already been completed, including impact-resistant windows, updated HVAC systems, updated water heater, and roof replacement. The home also features solar panels that help keep monthly electric bills remarkably low, and the solar system will be paid off at closing, allowing the new owner to enjoy the benefits without assuming the balance. While some cosmetic updates and finishing touches may be desired, this creates an exciting opportunity to personalize the home at your own pace while immediately enjoying everything this exceptional property has to offer. For buyers seeking space, location, and value, this is truly one of the best opportunities currently available in Palm Harbor. Located just minutes from Honeymoon Island State Park, Caladesi Island, the Gulf beaches, Downtown Palm Harbor, Downtown Dunedin, and the Pinellas Trail, you'll enjoy easy access to boating, kayaking, biking, waterfront dining, breweries, boutique shopping, and year-round community events. Wall Springs Park, marinas, boat ramps, golf courses, top-rated schools, and everyday conveniences are all nearby. With no HOA, nearly half an acre of land, a screened pool and spa, incredible outdoor entertaining spaces, mature oak trees, solar power, and a prime Palm Harbor location, 670 Sparrow Avenue delivers a combination of lifestyle, flexibility, and value that is hard to find. Move in, make a few updates as you go, and create the Florida home you've always envisioned. If you're looking for the best value for the price in Palm Harbor, this is a property you won't want to miss.
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.
