Laura Jewett

Laura Jewett

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Closed

$850,000

($395,619 down)
FHA

12226 Gay Rio Dr, Lakeside, CA 92040

3
2
1,715 sqft
PITI Monthly
$3,107.7 /mo

Listing courtesy of: Luda Phipps, Keller Williams Realty

Assumed Rate

4.09%
7.15%

Principal & Interest

$2,521 /mo
$3,528 /mo

What's Special

SPACIOUS
MODERN
SOAKING TUB
CHARMING
COZY

This charming ranch-style home, complete with a welcoming front porch, is ready to be filled with your memories. Nestled on an expansive 0.38-acre lot, there’s plenty of room for all your vehicles, RVs, and recreational toys. The property boasts mature fruit trees, including lemon, pomegranate, dragon fruit, and orange, offering a delightful harvest year-round. The modern kitchen, with its sleek shaker cabinets, is a chef's dream. You’ll love cooking with fresh herbs and vegetables from your garden on the gas stove. The spacious interior is perfect for entertaining, particularly in the cozy family room featuring warm, exposed beams. Soft brown vinyl plank flooring runs throughout the home, with plush carpets in the bedrooms for added comfort. After a long day, retreat to your standup shower or unwind in the soaking tub in the second full bathroom. The backyard is equally inviting, with a built-in BBQ that's perfect for outdoor gatherings. This home offers 3 bedrooms, 2 full bathrooms, a laundry room, and a detached office/studio that’s perfect for working from home or hosting guests. With a large front and back yard and an attached 2-car garage, this property won’t last long.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.09
Remaining Loan Term
22 years, 8 months
Monthly PITI
$3,107.7/mo
Estimated Loan Balance
$455,350
Cash to close
$395,619
Interest Paid
$145,995

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Outside
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Mountainous, Suburban
HOA
  • Has HOA: No
Location
  • Region: Lakeside

Financial Details

  • Price per Sqft: $495.63
  • Tax Annual Amount: $
  • On Market Date: 2024-08-15T00:00:00.000Z
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 $395,619 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $395,619!

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

Loan Breakdown

Assumed Mortgage4.09% Sellers Rate
$454,381
Your Cash$395,619
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 4.09%
$2,521/mo
Traditional @ 7.5%
$3,660/mo
You save $1,139/month ($13,663/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PTP2404901

Listing From:

Last updated: 2024-11-16T03:56:47.000Z

© , 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

4.09%
7.15%

Principal & Interest

$2,521 /mo
$3,528 /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 $395,619 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $395,619!

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

Loan Breakdown

Assumed Mortgage4.09% Sellers Rate
$454,381
Your Cash$395,619
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 4.09%
$2,521/mo
Traditional @ 7.5%
$3,660/mo
You save $1,139/month ($13,663/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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