531 8th Ave # TH114, San Diego, CA 92101
2 beds · 2 baths · 1,585 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience the perfect blend of urban convenience and private living in this exceptional walk-up townhome, nestled in the heart of East Village, Downtown San Diego. This residence offers the security and amenities of a gated high-rise community, including concierge services, while providing the comfort and privacy of a detached home. Enter through your own private street entrance or the serene back patio. Inside, the spacious townhome features vaulted ceilings and an abundance of natural light streaming through numerous windows. The front entry leads to an open-concept living area, complete with a cozy fireplace and French doors that open to the private patio—ideal for indoor-outdoor living. The entertainer's kitchen, adjacent to a generous dining area, is perfect for hosting gatherings. The first level also includes a full bathroom and a versatile guest bedroom or office space. Ascend to the second level to find the primary suite, boasting a fireplace, vaulted ceiling, and ample windows overlooking the beautifully landscaped common area. A charming nook provides an ideal office space with captivating city views. The suite offers two fully built-out walk-in closets, providing plenty of storage. The en-suite bathroom features dual sinks, a large walk-in shower, and a dressing area. Step out onto the expansive terrace to enjoy city views and a park-like setting. Additional amenities include two side-by-side parking spaces and a large storage room. Don't miss this opportunity to enjoy luxury living with the feel of a detached home in the vibrant East Village neighborhood. The Mark: Luxury Living in Downtown San Diego The Mark is a stunning 33-story residential high-rise located in the heart of the East Village neighborhood of downtown San Diego. Surrounded by five-star restaurants, sidewalk cafés, music venues, theaters, shopping, and sporting events, The Mark offers the perfect blend of urban convenience and luxury living. The bay is just minutes away, enhancing the lifestyle experience. The building’s exterior is an architectural masterpiece with sleek glass and metal paneling, complemented by 11 unique brick townhomes. Residents enjoy exclusive access to a private driveway and a beautifully designed outdoor space, which includes: • A lap pool and spa • Fully furnished patio with an outdoor kitchen, fire pits, and pizza oven • Multiple seating areas and four barbecue stations • Outdoor showers and restrooms Additional amenities include a modern fitness center and a conference room with Wi-Fi access. Spacious Interiors and Convenient Features. The Mark boasts wide hallways, a well-lit garage with two side-by-side parking spaces, and a large storage room conveniently located near the parking area. The building also offers a private loading dock and a service elevator capable of accommodating large pieces of furniture. All these luxury amenities come with surprisingly low HOA fees, making The Mark an exceptional choice for downtown living.
Source: CRMLS #250018665SD
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #250018665SD
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.
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.
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.
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.
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 and Equal Opportunity Act.