1804 Colonial Ave San Diego, CA 92105
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About this home
Welcome to this modern, sprawling gem of a property at 1804 Colonial Avenue in sunny San Diego! This 4-bedroom, 1.5-bathroom home is perfect for a family or as your next investment, offering a blend of modern convenience and classic charm. The main home spans 1,432 square feet (but feels larger), and has an open kitchen with stainless steel appliances, granite countertops, and a breakfast bar. Enjoy the inviting living area complete with hardwood floors, high ceilings, and a cozy fireplace. The majority of the living space is on one floor but a short staircase leads you to the enclosed naturally bright fourth bedroom boasting high ceilings and a deck with an expansive view of the neighborhood. Step outside to find your own private oasis with a spa and above-ground pool. The garage/work shop is a hobbyists dream and could be converted into an ADU. With an abundance of outdoor storage the 6,400 square foot corner lot also features a deck and barbecue area, making it ideal for hosting gatherings. The security gate, fenced yard provide peace of mind. Solar panels and a recent total renovation enhance energy efficiency, while the property includes features like custom built in storage, solar tubes, rain gutters, recessed lighting, and exposed beams. With a large municipal park set to open in October 2025 next door on the campus of Rowan Elementary, this home is poised for appreciation. Secure your piece of San Diego paradise today!
Source: SANDIEGO #NDP2508536
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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.