Laura Jewett

Laura Jewett

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Closed

$519,000

($96,417 down)
FHA

12448 Cuesta Drive, Cerritos, CA 90703

2
1
904 sqft
PITI Monthly
$3,835.61 /mo

Listing courtesy of: Vanessa Gadea, Real Broker

Assumed Rate

6.81%
7.15%

Principal & Interest

$2,822 /mo
$2,921 /mo

What's Special

LOCATION
DINING
SPACIOUS
MOVE-IN READY
MODERN
WALK-IN CLOSET
PATIO
CLUBHOUSE

Welcome to your dream home in the highly desirable Cerritos Villas, where comfort meets convenience! This gorgeous 2-bedroom, 1-bathroom condo exudes modern charm and style, offering a warm and inviting atmosphere you’ll love coming home to. The dining area flows effortlessly into the private patio—perfect for hosting friends or enjoying your morning coffee in tranquility. Head upstairs to discover a spacious main bedroom with a walk-in closet, followed by a second bedroom, designed with your comfort in mind. The updated bathroom showcases stylish finishes. The perks don’t stop there—this condo includes an assigned parking spot and a detached one-car garage for added convenience, while abundant street parking ensures space for guests. Nestled in a vibrant community, Cerritos Villas offers three sparkling pools, a relaxing jacuzzi, and a clubhouse ideal for gatherings or celebrations. The HOA takes care of it all, including water, trash, landscaping, and exterior maintenance (paint, termite treatment, and roof care), so you can enjoy a truly hassle-free lifestyle. Located in the award-winning ABC Unified School District, this home is perfect for families looking to provide their kids with top-notch education. With walking distance to Cerritos Park East (Aquatic Center) and only a short distance from Cerritos Library, Cerritos Town Center and easy access to the 91 and 605 freeways commuting and exploring all that Southern California has to offer is a breeze. Please note the Sport Centers in Cerritos are exclusive to residents and include a very low GYM Membership. Move-in ready and brimming with charm, this is the perfect opportunity to own a home that combines modern living, unbeatable amenities, and an incredible location. Don’t wait—your dream home won’t last long!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.81
Remaining Loan Term
27 years, 9 months
Monthly PITI
$3,835.61/mo
Estimated Loan Balance
$423,424
Cash to close
$96,417
Interest Paid
$65,491

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: CentralAir, Gas
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: None
  • Water Source: None
Pool
  • Has Pool: No
  • Pool Features: Community, Association

Construction

Type & Style
  • Stories: 2
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1972
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Cerritos Villas
  • HOA Amenities: Unknown
  • HOA Fee: $464
  • HOA Frequency: $Monthly
Location
  • Region: Cerritos

Financial Details

  • Price per Sqft: $574.12
  • Tax Annual Amount: $6487.5
  • On Market Date: 2025-01-24T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $96,417 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $96,417!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$422,583
Your Cash$96,417
Total Purchase Price:$519,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,822/mo
Traditional @ 7.5%
$3,030/mo
You save $208/month ($2,490/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW25017331

Listing From:

Last updated: 2025-02-28T03:58:11.000Z

© , 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

6.81%
7.15%

Principal & Interest

$2,822 /mo
$2,921 /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 $96,417 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $96,417!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$422,583
Your Cash$96,417
Total Purchase Price:$519,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,822/mo
Traditional @ 7.5%
$3,030/mo
You save $208/month ($2,490/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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