Laura Jewett

Laura Jewett

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Closed

$810,000

($156,784 down)
VA

124 Lorimer Street, Salinas, CA 93901

3
2
1,550 sqft
PITI Monthly
$3,164.04 /mo

Listing courtesy of: Daniel Cardenas, Coldwell Banker Realty

Assumed Rate

2.94%
7.15%

Principal & Interest

$2,947 /mo
$4,758 /mo

What's Special

MINUTES AWAY
DINING
SPACIOUS
MODERN
FIREPLACE
COZY

Discover the charm and vibrancy of South Salinas with this delightful Spanish bungalow, just a few blocks from the heart of downtown, and Hartnell College. Embrace the rich cultural diversity and affordability that make Salinas a unique and welcoming community. This enchanting home features beautiful wood floors, dual-pane windows, and updated kitchen and bathrooms, blending classic character with modern convenience. The cozy living room, highlighted by a stunning fireplace, seamlessly connects to the dining area and kitchen, creating an inviting space for gatherings. Step outside to your private, fully-fenced backyard a perfect haven for outdoor enjoyment and relaxation. The detached two-car garage, coupled with a spacious driveway, offers flexible options for parking and additional storage shed as well! Lovely backyard with lemon trees and privacy. Located on a quiet, low-traffic street, this property is just minutes away from vibrant local shops, diverse schools, delicious restaurants, and entertaining theaters. Experience the sunny, friendly atmosphere of South Salinas living today your dream home awaits!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.94
Remaining Loan Term
26 years, 3 months
Monthly PITI
$3,164.04/mo
Estimated Loan Balance
$655,900
Cash to close
$156,784
Interest Paid
$74,600

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Central
Features
  • Materials: Adobe
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Composition, TarGravel, Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Spanish
Materials
  • Adobe
  • Roof: Composition, TarGravel, Tile
Condition
  • Year Built: 1935
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Salinas

Financial Details

  • Price per Sqft: $522.58
  • Tax Annual Amount: $
  • On Market Date: 2024-08-12T00:00:00.000Z
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 $156,784 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $156,784!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$653,216
Your Cash$156,784
Total Purchase Price:$810,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,947/mo
Traditional @ 7.5%
$4,935/mo
You save $1,988/month ($23,857/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ML81976386

Listing From:

Last updated: 2024-11-13T13:52:25.000Z

© , 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

2.94%
7.15%

Principal & Interest

$2,947 /mo
$4,758 /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 $156,784 (19%)
You can enter any amount below - secondary financing will cover the difference if needed.
19%
$

You cover the entire equity of $156,784!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$653,216
Your Cash$156,784
Total Purchase Price:$810,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,947/mo
Traditional @ 7.5%
$4,935/mo
You save $1,988/month ($23,857/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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