563 Canon View Trl Topanga, CA 90290
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About this home
Embrace this artist and work from home sanctuary with open arms. This magical property consists of TWO separate structures, totaling 2045sqft of permitted interior space and 1400sqft of deck space! Feel the kanso, feng shui and good vibes that radiate throughout the property as soon as you arrive, leaving your inhibitions behind. Make your way into the interior of the one story main house where you will immediately notice the large sliding glass hideaway door that creates a seamless indoor/outdoor living experience and beckons you to the wrap around deck with breath-taking views of the Topanga mountains. Natural bamboo and maple hardwood floors are complimented with custom select tile floors in both bathrooms and the open space kitchen. The kitchen features custom walnut cabinets with nano glass countertops. The master bedroom has an en-suite bathroom, a spacious 120sqft walk-in closet and its own private patio. Mini-split units add for year-round ultra efficiency and in the winter months an optional Franklin stove radiates nostalgia and warmth to heart and home. The second structure of 720 sqft was added in 2022 and includes 3 floors plus a rooftop deck. The first floor features an EV powered two car garage, while the second and third floors are acoustically insulated and naturally gravitate towards a music studio or home office paradise but is flexible to be transformed to whatever you evision. Other features include ipe and stainless railings, two canopy decks and a large rooftop deck with grand views day or night under the stars where you can indulge in an evening with friends or a night of "glamping". Wake up to an awe inspiring sunrise and then hike down a semi private trail that's right down the street bordering Backbone, no need to take the kiddos in the car to Topanga Elementary! Other above average Topanga schools are a short drive. Cruise less than 5 minutes to the heartbeat of Topanga, where all the essential shops, restaurants and creative spaces are to meet, support and connect with the community. This property calls you to step into the Topanga state of mind and live the calm that restores the soul. This is the place to call home.
Source: CLAW #25476965
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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.