1048 E Marcellus St Long Beach, CA 90807
Your savings
About this home
Nestled on one of the most desirable streets in highly sought-after Bixby Knolls, this beautiful home offers the perfect blend of classic charm and modern upgrades. Located on a tree-lined, pride-of-ownership street, this sprawling 4-bedroom, 3-bathroom residence spans approximately 2,000 square feet on a generous 8,000+ square foot lot, with hardwood and tiled floors. Steps from the entry is a warm Fireplace located in the Living room. Natural light pours through dual-pane windows and Tube Lighting, enhancing both comfort and energy efficiency throughout the space. The home’s open floor plan seamlessly connects the living room to the This home features a beautifully manicured front yard with newer grass, plants, and an automatic sprinkler system. Inside, enjoy a thoughtfully updated interior with a spacious primary suite and walk-in closet, and a gorgeous kitchen recently improved with premium appliances including a Wolf SRT366 sealed burner range, Imperial dual blower hood ventilation, and dishwasher. Energy-efficient features abound — solar panels with two Tesla Powerwall’s, a Ford 48-amp car charging port, new Simonton Madeira dual-pane sliding door, SolarTube natural lighting, attic air sealing with R-38 insulation, complete duct and vent replacement with volume control dampers, and a garage fan to keep the space cool. Additional upgrades include Perma-Liner sewer line replacement from street to home, newer rain gutters with leaf guard, and a Ring Pro system (with warranty). The attached two-car garage provides convenience and storage. New owners also have the option to request a city-planted tree of their choice from Long Beach’s approved list. For interested buyers, a 2022 Ford Mach-E and a 2023 VW Jetta SE may be optionally negotiated with the sale. Experience pride of ownership, modern comfort, and timeless Long Beach charm—all in one of the area’s most desirable neighborhoods.
Source: CRMLS #DW25242032
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.