2531 Portland St Unit A Sarasota, FL 34231
Your savings
About this home
Welcome to 2531 Portland Street in sunny Sarasota! This isn’t just a duplex—it’s a double dose of opportunity. Two stories, two bedrooms and one bathroom in each unit, PLUS each space comes with its own AC and water heater (because nobody likes sharing those). Updates? Check. Both units have been refreshed. The upstairs unit at 2531 Portland Street is fresh, bright, and totally move-in ready. Recently updated from top to bottom within the last few years, it’s got a modern, comfortable vibe without losing that homey charm. It also has a big storage room for all your “I’ll use this someday” treasures, while the downstairs sports updated countertops and a deck that’s perfect for your morning coffee or evening chill time. With a NEW ROOF this property is a must have. Sitting on nearly a quarter acre with a fenced yard, you’ve got space to spread out—or even add another dwelling unit if you’re feeling ambitious. And the location? Minutes from Riverview High School, gorgeous beaches, and all the main roads that get you where you need to be. Whether you’re looking for an investment, a house-hack, or just a spot that’s as fun as it is functional, this property delivers.
Source: STELLAR #A4663890
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.