119 W 5th Pl San Manuel, AZ 85631
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About this home
Step into timeless character and craftsmanship with this one-of-a-kind, 2 bedroom 1 bath, 1962 slump block bungalow in historic San Manuel. Lovingly cared for by only 2 owners, this 1,825 sq. ft. home showcases true vintage charm with vaulted ceilings, exposed wood beams, and a stunning brick fireplace that anchors the spacious living room. From the moment you step inside, you'll feel home. The custom brick and stone tile finishes, built-in bookshelves in entry & dining areas, and beautiful French wood doors that bring in soft natural light create a timeless cozy rustic atmosphere. The kitchen is adorned with a custom-built brick breakfast bar (unique iron Arizonian stools included), Being sold AS IS'' Knotty pine handmade cabinet fronts & built-ins that add warmth and personality you won't find in newer homes. While modern touches like the Kenmore Elite refrigerator & GE convection oven give you peace of mind. The spacious primary bedroom is truly a retreat! Measuring 20' x 15', with vaulted wood-planked ceilings, an impressively large 17-foot mirrored walk-in closet, and private outdoor access. Every detail speaks to quality and durability, from the masonry construction to the thoughtful built-ins that maximize both beauty and function. A second bedroom and cozy 13' x 10' Arizona room provide extra space, opportunity, and flexibility to have for an office, sunroom, gameroom, or studio. The bathroom is generously sized and beautifully tiled from floor to ceiling! Soak away the worries of the day in the spa tub, with tiled step decking, surrounded by your favorite candles, salts, and plants. OR step into your tiled walk-in shower with the option to control water usage with a water-saving toilet and classic pedestal sink past and present blend seamlessly even here. Outdoors, the back and side yards are enclosed by a masonry wall and 2 sets of double gates giving you true privacy, access, and peace of mind. Car enthusiasts, those who love to tinker or those needing serious workshop space, will truly appreciate the detached 2-car garage. It measures 16' x 30' & includes hookups for an air compressor, arc welder, and more. Entertainers will enjoy the shaded carport area that extends from the garage, the brick garden boxes ready for flowers or vegetables, mountain views and the built-in masonry BBQ. This home offers the perfect blend of privacy, comfort, character, community and utility. Conveniently located the community center, playground, public school, library, and local shops are all within walking distance and Highway 77 offers an easy 30-40 minute commute into Catalina and Oro Valley. This gem is worth seeing in person!
Source: SOUTHAR #22524834
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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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