2058 NW 31st Ave Gainesville, FL 32605
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About this home
Welcome to 2058 NW 31st Ave, a rare Gainesville gem featuring a 2-bedroom, 1-bathroom main home with not one, but two additional living units, perfect for multigenerational living, guests, or rental income opportunities. Located just minutes from UF, Midtown, and downtown Gainesville, this home offers quick access to local shops, restaurants, and parks while maintaining a peaceful residential feel. As you arrive, you’ll notice the spacious carport that comfortably fits four vehicles, plus two additional guest parking spots in front. The fully fenced corner lot provides privacy and is beautifully landscaped with lush tropical plants, creating your own private oasis. Step inside the main home to an open-concept living and dining area, filled with natural light. The cozy kitchen features granite countertops, shaker cabinets, stainless steel appliances, and an in-home laundry area for convenience. Down the hall, you’ll find two generous bedrooms and an updated bathroom with granite counters and a modern step-in shower. To the left, a converted Florida room expands the living space and offers a wall of windows and French doors that open to the backyard. Outside, the low-maintenance courtyard features rocks and pavers, making it both stylish and easy to care for. From the main house, a pathway leads to the attached ADU: a 1-bedroom, 1-bathroom studio apartment with a kitchenette, full bath, and its own laundry area. In the back, the detached ADU (a converted shed) adds even more flexibility, featuring a cozy living space and full bathroom, ideal for visitors or as an additional rental. With multiple living options, ample parking, and a prime Gainesville location, this property offers endless possibilities for both homeowners and investors alike.
Source: STELLAR #GC534609
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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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