Laura Jewett

Laura Jewett

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Closed

$999,999

($201,066 down)
VA

1403 Capistrano Ave, Spring Valley, CA 91977

6
4
2,931 sqft
PITI Monthly
$3,745.53 /mo

Listing courtesy of: Najla Wehbe Dipp, eXp Realty of Southern California, Inc.

Assumed Rate

2.88%
7.15%

Principal & Interest

$3,529 /mo
$5,741 /mo

What's Special

ENTERTAINMENT
MODERN
FIREPLACE
SOAKING TUB
DECK
BALCONY
CUL-DE-SAC
COZY
RENTAL INCOME
INVESTMENT OPPORTUNITY

Discover unparalleled comfort & investment potential with this exquisite property, featuring a single-family home + an additional unit, nestled in a tranquil cul-de-sac on the scenic slopes of Dictionary Hill, offering breathtaking reservoir views. FINANCING BENEFITS: take advantage of an assumable VA loan w/ 2.875% if you have VA entitlement. Or seller will also consider a credit towards buyers closing costs or rate buydown. MAIN RESIDENCE HIGHLIGHTS: 4 bedrooms/2.5 bathrooms, providing ample space for relaxation & entertainment. Stylish blue kitchen w/quartz countertops. Cozy fireplace to enjoy the warmth and ambiance in the living room. Spectacular views throughout multiple balconies. Lower level includes four large bedrooms and two full bathrooms. The primary suite features a luxurious bathroom with a soaking tub, shower, double sinks, and access to a large deck with stunning views. Modern comfort and style with a full remodel completed five years ago. ADDITIONAL UNIT FEATURES: Built just one year ago, this 2-bedroom 1-bathroom unit offers independence with its own entrance and a small balcony off the front door. Includes a fireplace in the living room and a luxurious shared bathroom, ensuring a comfortable living space. OUTDOOR SPACE: A huge backyard offers endless possibilities for outdoor activities and gatherings. INVESTMENT OPPORTUNITY: Current rents are $4,650 for main house & $2,600 for additional unit, providing a strong cap rate of >8%. Dual living spaces are perfect for generating rental income or accommodating extended family.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.88
Remaining Loan Term
26 years, 8 months
Monthly PITI
$3,745.53/mo
Estimated Loan Balance
$803,744
Cash to close
$201,066
Interest Paid
$78,726

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir, Electric, Gas
  • Heating: Fireplaces, NaturalGas, Zoned
Features
  • Materials: Brick, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric, Gas, LivingRoom
  • Flooring: Carpet, Tile

Exterior

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

Construction

Type & Style
  • Stories: 3
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Brick, Stucco
  • Roof: Shingle
Condition
  • Year Built: 1991
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Spring Valley
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Spring Valley

Financial Details

  • Price per Sqft: $341.18
  • Tax Annual Amount: $12500
  • On Market Date: 2024-08-01T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $201,066 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $201,066!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$798,933
Your Cash$201,066
Total Purchase Price:$999,999

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,529/mo
Traditional @ 7.5%
$5,955/mo
You save $2,426/month ($29,113/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 240017915SD

Listing From:

Last updated: 2025-02-04T04:27:09.000Z

© , 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

2.88%
7.15%

Principal & Interest

$3,529 /mo
$5,741 /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 $201,066 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $201,066!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$798,933
Your Cash$201,066
Total Purchase Price:$999,999

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,529/mo
Traditional @ 7.5%
$5,955/mo
You save $2,426/month ($29,113/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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