Laura Jewett

Laura Jewett

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Closed

$708,900

($265,906 down)
FHA

11139 Montlake Drive, Riverside, CA 92505

4
3
1,798 sqft
PITI Monthly
$2,528.37 /mo

Listing courtesy of: Christina Varughese, Presta Realty

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,974 /mo
$3,216 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
FIREPLACE
WALK-IN CLOSET
MASTER SUITE
PATIO
COZY
SOLAR PANELS

Welcome Home to this beautifully upgraded 4-bedroom, 3-bath home in the desirable West Riverside neighborhood. This home offers 1,798 sq. ft. of well-appointed living space. Featuring two master suites, including a larger master with a walk-in closet and a large bath providing ample space and privacy. The additional bedrooms are generously sized as well. The formal dining area, located off the kitchen, adds to the home's spacious feel. The living room features a newly finished fireplace, creating a cozy and inviting atmosphere. In the back of the house you will find a spacious bonus room that can be used as a guest room, office or play room. The home has been thoughtfully upgraded with vinyl laminate flooring throughout, and the open kitchen boasts upgraded appliances, granite countertops with a stylish backsplash, and modern lighting. Additional significant upgrades include a new roof, freshly painted exterior, new slider doors, AC unit, ducts, furnace, home filtration system, and water softener. The home comes with all new solar panels for energy efficiency. The backyard is an entertainer's dream with a large, newly built covered patio, large fire pit, new sleek pool and jacuzzi, and a sizable Tuff Shed for storage. This home is the perfect blend of comfort, style, and convenience that you don't want to miss out on. It is conveniently located near shopping, restaurants, entertainment, and with easy access to the freeway.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$2,528.37/mo
Estimated Loan Balance
$533,876
Cash to close
$265,906
Interest Paid
$47,107

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, Solar
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom, WoodBurning
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: InGround, Private

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Foothills, Golf, Hiking
HOA
  • Has HOA: No
Location
  • Region: Riverside

Financial Details

  • Price per Sqft: $394.27
  • Tax Annual Amount: $
  • On Market Date: 2024-11-13T00:00:00.000Z
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 $265,906 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $265,906!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$442,994
Your Cash$265,906
Total Purchase Price:$708,900

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,974/mo
Traditional @ 7.5%
$3,336/mo
You save $1,362/month ($16,341/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24222567

Listing From:

Last updated: 2025-01-14T00:45:46.000Z

© , 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

2.87%
7.15%

Principal & Interest

$1,974 /mo
$3,216 /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 $265,906 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $265,906!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$442,994
Your Cash$265,906
Total Purchase Price:$708,900

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,974/mo
Traditional @ 7.5%
$3,336/mo
You save $1,362/month ($16,341/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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