Laura Jewett

Laura Jewett

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Closed

$2,995,000

($2,096,700 down)
FHA

1060 Monte Drive, Santa Barbara, CA 93110

3
2
2,125 sqft
PITI Monthly
$7,952.6 /mo

Listing courtesy of: Dusty Baker, Sotheby's International Realty

Assumed Rate

2.88%
7.15%

Principal & Interest

$3,944 /mo
$6,416 /mo

What's Special

OPEN CONCEPT
DINING
SPACIOUS
MODERN
FIREPLACE
WALK-IN CLOSET
EN SUITE BATHROOM
DECK
PATIO

Introducing an incredible opportunity to create new-construction living on a full acre in Hope Ranch! With fully approved, build-ready plans in hand, all pre-construction work has been completed and the final stages are in sight! The property has undergone extensive preparations, including the installation of 2 new dry wells and the completion of all soils testing.The approved plans offer a spacious and modern 5 bed/7 bath home with flexible accommodations, including dual primary bedroom suites and 3 additional guest bedrooms all featuring en suite bathrooms. A gated driveway & turnout, an attached 3-car garage with gardener's bathroom, and dedicated parking spaces for an additional 3 vehicles ensure convenience and privacy.Inside, the open concept floor plan emphasizes casual but sophisticated living. Soaring ceilings with skylights and clerestory windows flood the home with natural light, while oversized picture windows capitalize on the dramatic canyon views visible throughout the home. A dramatic double-sided fireplace separates the kitchen and family room from the dining room, creating intimate spaces to relax and entertain. The primary bedroom suite is a true oasis featuring an eye-catching fireplace, canyon views, a luxurious spa-like bathroom, 2 walk-in closets, and access to a private patio.Outside, a thoughtfully designed backyard becomes your own private resort, complete with a 36-ft. pool & adjacent spa, an outdoor kitchen & covered dining area, various walkways & seating areas, natural landscaping with fruit trees & dog-friendly foliage, and canyon views from the pool/deck area.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.88
Remaining Loan Term
26 years, 10 months
Monthly PITI
$7,952.6/mo
Estimated Loan Balance
$900,086
Cash to close
$2,096,700
Interest Paid
$83,750

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Electric, WallFurnace
Features
  • Materials: Stucco, WoodSiding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Tile
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 0
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • Stucco, WoodSiding
  • Roof: Tile
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name:
  • HOA Amenities: Unknown
  • HOA Fee: $2636.31
  • HOA Frequency: $Annually
Location
  • Region: Santa Barbara

Financial Details

  • Price per Sqft: $1,409.41
  • Tax Annual Amount: $37437.5
  • On Market Date: 2024-03-06T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $2,096,700 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $2,096,700!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$898,300
Your Cash:$2,096,700
Total Purchase Price:$2,995,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,944/mo
Traditional @ 7.5%
$6,656/mo
You save $2,712/month ($32,538/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24365581

Listing From:

Last updated: 2024-09-30T18:39:23.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.88%
7.15%

Principal & Interest

$3,944 /mo
$6,416 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $2,096,700 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $2,096,700!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$898,300
Your Cash:$2,096,700
Total Purchase Price:$2,995,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,944/mo
Traditional @ 7.5%
$6,656/mo
You save $2,712/month ($32,538/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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