1228 Sheridan Ave Escondido, CA 92027
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About this home
40k price improvement! Live on 1.45 aces for under a million! Hidden sanctuary with sweeping views. Escape to panoramic serenity in this custom-built 3+ bedroom, 2.5 bathroom estate, quietly nestled on a private road yet just moments from town. Set atop 1.45 acres, this home offers commanding views that stretch across rolling hills-a daily backdrop of sunrise splendor and sunset tranquility. Thoughtfully maintained by one family for many years, the residence exudes pride of ownership and enduring charm. Step inside to freshly painted interiors and the comfort of a new AC system. The main-level primary suite features breathtaking views and an ensuite bath, while generous secondary bedrooms provide space for family or guests. A formal dining room-previously used as a fourth bedroom-offers flexible living options to suit your lifestyle. Outdoors, the opportunities are vast. Envision an infinity-edge pool overlooking the valley, an ADU for multi-generational living or luxury rental income, or create a private vineyard. The property’s mature citrus trees-orange, tangelo, lemon, and tangerine-invite al fresco gatherings and orchard-to-table living. From the expansive front porch to nearly every room inside, the views take center stage, creating a haven of peace, privacy, and potential. A rare offering for those seeking a legacy property with room to dream. A home to cherish. A canvas to create. A view to keep forever. A rare property on a buildable lot. This is the one you've been waiting for!
Source: CRMLS #250041863SD
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.