Laura Jewett

Laura Jewett

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Closed

$489,900

($114,690 down)
FHA

1401 Cherrytree Road, Colton, CA 92324

2
2
1,032 sqft
PITI Monthly
$2,139.97 /mo

Listing courtesy of: JERRY AVILA, ALL NATIONS REALTY & INVS

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,692 /mo
$2,686 /mo

What's Special

MINUTES AWAY
SHOPPING
DINING
SPACIOUS
GRANITE COUNTERTOPS
MASTER SUITE
FAMILY-FRIENDLY
CHARMING

Buyer was unable to perform - submit offers subject to cancellation of previous escrow. Welcome to 1401 Cherrytree Lane, a delightful 2-bedroom, 2-bathroom single-family home nestled in the heart of Colton, CA. This charming residence boasts 1,032 square feet of well-designed living space, perfect for families and individuals alike. A 3rd bedroom was built in the garage. Spacious Living Areas: The open-concept living room is filled with natural light, creating a warm and inviting atmosphere for family gatherings and entertaining guests. Enjoy cooking in the updated kitchen, complete with granite countertops and ample cabinet space. Each of the three bedrooms offers plenty of space and comfort, with the master suite featuring an en-suite bathroom for added privacy. Outdoor Oasis: The backyard offers a comfortable area perfect for barbecues and outdoor dining. Conveniently located in a quiet, family-friendly neighborhood, this home is just minutes away from local schools, parks, shopping centers, and easy access to major freeways.Additional features include central air conditioning, a two-car garage, and a dedicated laundry room. This home combines comfort and convenience, making it an ideal place to create lasting memories. Don’t miss the opportunity to make 1401 Cherrytree Lane your new home. Schedule a viewing today at this property perfect for 1st time homebuyers.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 9 months
Monthly PITI
$2,139.97/mo
Estimated Loan Balance
$376,668
Cash to close
$114,690
Interest Paid
$38,357

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
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: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1986
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights
HOA
  • Has HOA: No
Location
  • Region: Colton

Financial Details

  • Price per Sqft: $474.71
  • Tax Annual Amount: $
  • On Market Date: 2024-06-03T00:00:00.000Z
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 $114,690 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $114,690!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$375,210
Your Cash$114,690
Total Purchase Price:$489,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,692/mo
Traditional @ 7.5%
$2,786/mo
You save $1,094/month ($13,132/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV24112630

Listing From:

Last updated: 2024-09-18T21:52:08.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,692 /mo
$2,686 /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 $114,690 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $114,690!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$375,210
Your Cash$114,690
Total Purchase Price:$489,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,692/mo
Traditional @ 7.5%
$2,786/mo
You save $1,094/month ($13,132/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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