428 10th St, Manhattan Beach, CA 90266
7 beds · 7 baths · sqft
Slated for completion in fall of 2025, this stunning Spanish Traditional-style residence is situated in the highly desirable North of Montana neighborhood of Santa Monica. The main house offers impeccable craftsmanship and attention to design, with every detail thoughtfully curated throughout the modern, open-concept layout. Step through an arched entry, as the house welcomes you home. Offering 5 bedrooms in the main house, plus the attached JDU which can serve as additional guest suite with French doors facing the tree-lined street. This space can easily be imagined for any use, a 6th bedroom, office, gym, game room, theater or staff quarters. Perfectly suited for families, working from home and creatives. An abundance of natural light fills every corner, while the seamless indoor-outdoor flow allows for the quintessential California life style. Every space is thoughtfully curated for comfort and functionality. The magnificent chef's kitchen, showcasing breathtaking marble countertops, custom cabinetry with an abundance of storage, outfitted with top-of-the-line appliances, a fabulous walk-in pantry and an expansive island with ample space for daily dining. An ideal setting for entertaining, further enriched by outdoor patios and built-in fire pit for perfect evenings. Upstairs, the generously sized primary suite will feature vaulted ceilings, and French doors that open onto a charming terrace. A custom built out walk-in closet adds an extra layer of sophistication while the primary spa-like bath will be adorned with dual vanities, marble counters, a large steam shower and separate soaking tub, providing a serene, private retreat. Additionally, there are three beautiful en-suite bedrooms. Outside the grassy yard will have room to add a pool, or whatever your heart desires. The detached ADU that sits smartly above the ample 2 car garage, adding even more versatility with private accommodations for guests, extended family, or a home office. Crafted with meticulous attention to detail and high-end finishes, beautiful white oak wood flooring, custom high end finishes that this property promises to deliver a warm, inviting atmosphere. A rare and exciting opportunity to secure a one-of-a-kind property in Santa Monica's most coveted locations just moments from Montana Avenue's vibrant shops and cafes and moments to world class schools and beaches, neighborhood. Don't miss this opportunity to make your dream home a reality!
Source: CLAW #25494299
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: CLAW #25494299
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.