302 E Ave Coronado, CA 92118
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About this home
Stunning, remodeled Coronado corner-lot residence w/ a panoramic rooftop terrace. Brand-new flooring throughout, upgraded kitchen features quartz countertops, custom cabinetry & Thermidor appliances. Spacious, "great-room" style living area w/ cozy fireplace, custom built-ins, custom lighting & crown molding. Convenient home office/additional bedroom downstairs w/ spacious laundry room providing ample storage for the home. Primary suite features dual walk-in closets, a sitting room w/ easterly downtown & Coronado bridge views, dual vanity sinks & newly remodeled shower w/ upgraded fixtures & lighting. Spacious guest bedrooms. Awesome rooftop deck features ~1000 square feet of entertainment space offering panoramic views of the bay, downtown & bridge to the west north & east. Nothing to do but move right in - see it today before it goes away! Other important features & upgrades throughout the house include upgraded vinyl windows, custom blinds throughout, recessed LED lighting in every room, Crown molding, custom closet systems for all bedrooms, farm-style door at entry, Brilliant new flooring. Ample storage throughout. Much of the home was just recently remodeled, including the primary bathroom shower, kitchen and laundry room areas. Gas electric and water serviced to the rooftop deck for your convenience. Just imagine the epic parties, BBQs and get-togethers to be had! 2 off street parking spaces (driveway), private & secure front and back yard spaces conjure tropical inspiration for landscaping with island vibes and feature several mature fruiting trees (apple, banana, fig, grape, citrus, avocado & peach) w/ easy maintenance Auto sprinklers and artificial turf for your convenience. Location is walking distance to all that Coronado has to offer including the local highly rated schools, shops, restaurants, the bay and local parks and conveniences. Easy freeway access in and out of the island at this specific location. Minutes to the world class Hotel Del Coronado resort, Coronado community center and Coronado Beach.
Source: SANDIEGO #250043440
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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.