665 W 24th St Apt 208 Unit 208 San Pedro, CA 90731
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About this home
SELLER FINANCING! Flexible on Terms. Stunning, revamped 2-bed, 2-bath, corner unit condo in the beloved hilltop Oceanic Complex. Showstopper panoramic views stretch from the Vincent Thomas bridge to harbor to breakwater to open ocean views from nearly every room. Sun-drenched open floor plan features floor-to-ceiling windows and large sliders that lead to two private balconies. Gas fireplace and recessed lighting adorn the living room. Custom hardwood flooring sprawls throughout the main living areas. The hardwood floor is from Okinawa, Japan and has a 70-plus years guarantee. Sleek and striking green marble covers the kitchen and entryway floors. Chef-friendly kitchen includes granite countertops, soft-close cabinetry, under-cabinet lighting, stainless steel Samsung appliances, and ample storage space. Dine in style in the bright dining area framed by custom blinds and ocean views. The primary bedroom suite opens to your private balcony. Suite includes dual closets, ceiling fan, and a remodeled en-suite bathroom. The second bedroom offers mirrored closets, plantation shutters and more harbor and ocean views — ideal as a guest space or office. Additional highlights include crown molding and upgraded baseboards throughout. The home comes with 2 parking spaces: 1 in secured subterranean parking with a private storage area and the other in the complex's private parking. Laundry is conveniently located just steps from the unit. You're just a short hop to Point Fermin park's 37 acres of lovely landscaped lawns, hiking trails, gardens, pergolas, picnic areas, and playground where you can stroll along the beach palisade to spot the dolphins and seals. You're also just minutes from the rebranded, renovated, and revitalized legendary Ports of Call. Catch the wave of the new San Pedro. Comfort, value, and ocean views ready for you. Don't miss the opportunity to own this lovely home.
Source: CRMLS #SB25071324
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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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