1159 Elfin Forest Rd E San Marcos, CA 92078
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About this home
Life is peaceful in the heart of San Marcos! This rare listing in Village Square at San Elijo Hills overlooks San Elijo Park and truly shines with a walkable, town-center lifestyle. At approximately 1,480 sq ft, this immaculate tri-level townhome delivers easy living, with the park, the iconic San Elijo fountain, shopping, coffee, and dining just across the street. The entry level features garage access, front access, plus a flexible den/office that can be used as a third bedroom, with a charming brick accent wall that adds warmth and character. The main level boasts a modern open layout that connects the living, kitchen, and dining areas to the balcony. The sizable kitchen is designed for everyday cooking and entertaining, offering abundant storage, granite counters, refrigerator, a large island with breakfast bar, crown molding, and custom lighting. Upgraded plantation shutters on every window add style and energy efficiency. Warm, sustainable bamboo flooring flows through the lower and main living areas, travertine stone elevates the 2.5 baths and hardwood floors on the 3rd floor. Upstairs, are two comfortably sized bedrooms, with unobstructed views of San Elijo Park and the surrounding San Marcos hills out every window, 2 full baths and full hallway laundry. The primary suite includes a walk-in closet with mirror doors and a dual-sink bath with a separate toilet room and tub/shower. The secondary bedroom is bright and airy with a large mirrored closet. Practical perks include central A/C, full-size laundry with the newer washer and dryer included. A private, attached two-car tandem garage with epoxy floors and extra storage is located on the lower level. Village Square at San Elijo Hills places you moments from miles of trails, parks, and community events. Commuter friendly near the I-15, 78, and I-5 freeways and centrally located, you’ll be minutes to Carlsbad, Encinitas, and everything San Marcos offers. Schedule your viewing today of this clean, stylish home in a prime village location that’s ready for you to call home.
Source: CRMLS #CV25179516
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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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