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1636 Abscott St

Port Charlotte, FL 33952

3 beds · 2 baths · 1,524 sqft

$289,000

$2,263/mo at 7.31% with Roam

$2,209/mo at 7% with a bank loan

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About this home

Welcome to 1636 Abscott St! This home features three bedrooms, two bathrooms in a comfortable split floor plan. The property is easily accessed from Midway Blvd and located on the Niagara Waterway, a brackish water canal. As you enter the home you are greeted with the spacious living room with bright, natural sunlight, neutral colored walls and dark colored wood like flooring. The living area flows through the formal dining room off the living room and adjacent to the kitchen. The kitchen features stainless steel appliances, granite countertops, neutral colored wood cabinets, pantry and a comfortable working triangle. A breakfast bar and an informal dining area aside the kitchen with slider doors accessing the lanai. The primary bedroom is bright and spacious with a large walk-in closet and an en suite bathroom that has a glazed window creating a bright space featuring neutral colored tile, a single sink vanity, standing shower, and a door that leads to the garage. Bedrooms two and three have a moderate sized window, neutral colored paint, and spacious closets. The second bathroom features a glazed window, a single vanity, and a neutral colored tiled tub/shower combo. The lanai is screened, tiled and accesses the spacious yard. The garage is oversized with plenty of storage space, houses the laundry area and has a side door that accesses the north side of property. The property is landscaped with palm trees in the front and an array of Deciduous and Conifer trees that border the back property line at waters edge. Colored concrete edging with assorted bushes and rock gardens highlight the front of the home. The riding lawnmower is functional and conveys with the property, as is. There is an irrigation system in place from the canal that needs repair. The roof was replaced in 2022. The windows were replaced in 2021 and all windows have accordion shutters. Electrical panel was upgraded in 2021. Water heater is 2017. AC is 2020.

1,524 sqft
0.23 acres
Single Family
Built in 1977

Source: STELLAR #c7490346


$2,263/month
Compared to $2,209/mo with 7% bank loan

$260,100
28y 10mo
7.31% 7%
$260,069 at 7.31% (FHA)
$30 at 9.375% Minimum $25,000 required to use Roam gap financing

Payments are estimates and subject to approval. To learn more about rates, contact us.


5-year savings

Compared to a conventional mortgage
Roam
Bank
Principal & interest
$1,805
$1,751
Property taxes
$195
$195
Mortgage insurance
-
-
Home insurance
$262
$262
HOA fees
-
-
Monthly total
$2,263
$2,209
5-year total
$135,784
$132,549

Loan details
Loan type
FHA
Remaining balance
$260,069.34
Remaining term
28 yrs and 10 mos
Neighborhood
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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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Last updated: Aug 01, 2025 09:13 pm
Listing agent: Audrey Starcher (720) 425-5656
Listing provided courtesy of: COLDWELL BANKER SUNSTAR REALTY (941) 637-1090
Details provided by STELLAR and may not match the public record.
MLS ID: #c7490346
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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