Laura Jewett

Laura Jewett

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Closed

$499,900

($105,320 down)
FHA

11516 Lonesome Valley Road, Leona Valley, CA 93551

2
1
984 sqft
PITI Monthly
$2,226.5 /mo

Listing courtesy of: Melissa Case, The Real Estate Place

Assumed Rate

2.81%
7.15%

Principal & Interest

$1,757 /mo
$2,885 /mo

What's Special

SERENE
MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
HOME OFFICE

Discover the charm of this quaint 2 bedroom 1 bathroom home on nearly 5 acres of beautiful land in the heart of Leona Valley. Just shy of 1000 Sq. Ft. this home has modern upgrades throughout, including stainless steel appliances, granite countertops and rich hardwood flooring. Enjoy an additional she/he shed with the comfort and air conditioning and perfect for a home office or a creative space. The property also features animal pens, ideal for small livestock or pets and ample storage units. This move-in-ready gem combines rustic tranquility with contemporary comforts. The property also has 3 wells. Don't miss this opportunity to own a piece of serene countryside living!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.81
Remaining Loan Term
26 years, 0 months
Monthly PITI
$2,226.5/mo
Estimated Loan Balance
$396,241
Cash to close
$105,320
Interest Paid
$45,935

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: EvaporativeCooling
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2008
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Foothills, HorseTrails, Rural
HOA
  • Has HOA: No
Location
  • Region: Leona Valley

Financial Details

  • Price per Sqft: $508.03
  • Tax Annual Amount: $
  • On Market Date: 2024-06-04T00:00:00.000Z
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 $105,320 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $105,320!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$394,580
Your Cash$105,320
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,757/mo
Traditional @ 7.5%
$2,992/mo
You save $1,235/month ($14,821/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24113102

Listing From:

Last updated: 2024-10-07T20:59:25.000Z

© , 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

2.81%
7.15%

Principal & Interest

$1,757 /mo
$2,885 /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 $105,320 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $105,320!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$394,580
Your Cash$105,320
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,757/mo
Traditional @ 7.5%
$2,992/mo
You save $1,235/month ($14,821/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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