Laura Jewett

Laura Jewett

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Closed

$699,988

($273,347 down)
FHA

12004 Patton Road, Downey, CA 90242

2
2
804 sqft
PITI Monthly
$3,177.74 /mo

Listing courtesy of: Flor Martinez, Keller Williams Realty

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,956 /mo
$3,110 /mo

What's Special

SHOPPING
DINING
STAINLESS STEEL APPLIANCES
CHARMING
COZY

Welcome to your charming sanctuary! This delightful 2-bedroom, 2-bathroom home exudes comfort and style from the moment you step onto the inviting front porch. The heart of this home is the seamlessly connected living room, dining area, and kitchen, where the open layout fosters effortless flow and connectivity. The kitchen, adorned with stainless steel appliances including a refrigerator, stove, and microwave, invites culinary creativity and social gatherings. Step outside to discover your own private oasis in the lush backyard, complete with a trendy pergola, perfect for al fresco dining or lazy afternoons basking in the sun. Need space for your recreational vehicle? No problem! The generous side yard provides ample parking space. Convenience meets security with the oversized driveway equipped with a motorized electric gate, ensuring both ease of access and peace of mind. Ideally situated near shopping centers, restaurants, and major freeways, this home offers the perfect balance of suburban tranquility and urban convenience. Don't miss the opportunity to make this house your home – schedule a viewing today and envision yourself living in this cozy haven!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 2 months
Monthly PITI
$3,177.74/mo
Estimated Loan Balance
$511,212
Cash to close
$273,347
Interest Paid
$51,861

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: WallFurnace
Features
  • Materials: Drywall, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Electric, Wood
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary
Materials
  • Drywall, Stucco
  • Roof: Shingle
Condition
  • Year Built: 1929
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Park, StormDrains, StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Downey

Financial Details

  • Price per Sqft: $870.63
  • Tax Annual Amount: $8749.85
  • On Market Date: 2024-08-16T00:00:00.000Z
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 $273,347 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $273,347!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$426,641
Your Cash$273,347
Total Purchase Price:$699,988

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,956/mo
Traditional @ 7.5%
$3,225/mo
You save $1,269/month ($15,234/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG24097424

Listing From:

Last updated: 2024-11-30T13:18:34.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,956 /mo
$3,110 /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 $273,347 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $273,347!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$426,641
Your Cash$273,347
Total Purchase Price:$699,988

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,956/mo
Traditional @ 7.5%
$3,225/mo
You save $1,269/month ($15,234/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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