Laura Jewett

Laura Jewett

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$735,000

($354,139 down)
FHA

1408 S Burris Avenue, Compton, CA 90221

3
2
1,302 sqft
PITI Monthly
$3,704.19 /mo

Listing courtesy of: Tony Lopez, Berkshire Hathaway HomeService

Assumed Rate

6.36%
7.15%

Principal & Interest

$2,430 /mo
$2,635 /mo

What's Special

LOCATION
SHOPPING
ENTERTAINMENT
LANDSCAPED
COZY

Huge Price Reduction! Welcome to 1408 South Burris Avenue in Compton! Discover your dream home in this stunning 3-bedroom, 2-bathroom residence that combines affordability and comfort. This property is perfect for families and entertaining, with over 1,300 square feet of thoughtfully designed living space and a generous 5,166 square foot lot. Imagine the possibilities with a detached 2-car garage that offers the potential for an Accessory Dwelling Unit (ADU). Whether you create a cozy granny flat or additional space for your growing children, the flexibility is yours! The home features a bonus room tastefully converted into a master bedroom with a convenient glass sliding door that opens directly to your backyard oasis. Step outside to a beautifully landscaped backyard designed as the ultimate entertainment zone for hosting friends and family. Enjoy evenings under the stars with turf grass and accent lighting that add a magical touch to your outdoor gatherings. Location is key, and this home is ideally situated near the stunning Dominguez Gap Wetlands, offering opportunities for wildlife observation and nature walks. Dive into history at the Dominguez Rancho Adobe Museum, enjoy recreational activities at Magic Johnson Park, or try your luck at the nearby LA Crystal Hotel and Casino. The Aquarium of the Pacific in Long Beach, Harbor-UCLA Medical Center, and the Western Museum of Flight in Lomita are just a quick drive away. For shopping enthusiasts, you're just moments away from the vibrant Lakewood and Cerritos Malls, where you can enjoy a variety of retail options. Embrace the opportunity to live in Los Angeles County without the hassle of daily traffic! Experience the best of both worlds by living and working in this thriving area. Don’t miss this incredible opportunity to make 1408 South Burris Avenue your new home! Schedule a tour today and envision your future in this fantastic property!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.36
Remaining Loan Term
27 years, 10 months
Monthly PITI
$3,704.19/mo
Estimated Loan Balance
$381,270
Cash to close
$354,139
Interest Paid
$53,106

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WholeHouseFan, WallWindowUnits
  • Heating: Central
Features
  • Materials: Frame, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: BonusRoom
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: AverageCondition, Wood, WroughtIron
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Contemporary
Materials
  • Frame, Stucco
  • Roof: Shingle
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, StormDrains, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Compton

Financial Details

  • Price per Sqft: $564.52
  • Tax Annual Amount: $9187.5
  • On Market Date: 2025-02-17T00:00:00.000Z
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 $354,139 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $354,139!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$380,861
Your Cash$354,139
Total Purchase Price:$735,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,430/mo
Traditional @ 7.5%
$2,733/mo
You save $303/month ($3,637/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RS25035286

Listing From:

Last updated: 2025-04-01T23:17:51.000Z

© , 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

6.36%
7.15%

Principal & Interest

$2,430 /mo
$2,635 /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 $354,139 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $354,139!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$380,861
Your Cash$354,139
Total Purchase Price:$735,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,430/mo
Traditional @ 7.5%
$2,733/mo
You save $303/month ($3,637/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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