Laura Jewett

Laura Jewett

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Closed

$449,000

($88,711 down)
FHA

14859 Ripton Road, Lake Hughes, CA 93532

3
2
1,340 sqft
PITI Monthly
$2,412.7 /mo

Listing courtesy of: Kara Welliver, Harcourts Prime Properties

Assumed Rate

4.98%
7.15%

Principal & Interest

$1,998 /mo
$2,520 /mo

What's Special

DINING
SPACIOUS
FIREPLACE
DECK
LAKE VIEWS

Fantastic opportunity in Lake Hughes for a home that has a view of the lake on a culdesac. Enjoy the large living/dining room area with a brick fireplace that is open to the rear deck with lovely hillside/mountain and lake views. The spacious home offers a large kitchen with a laundry area and space to expand the kitchen footprint or have an in kitchen eating area. The primary bedroom offers an ensuite newly updated bathroom with lots of storage. Also updated is the main level hall bathroom. The lower level offers the third bedroom option or a great workout room, office, craft space or whatever you can dream up. Expansive backyard with a gazebo for enjoying the evening sunsets, lake views and a nice area to enjoy a peaceful lunch. Plenty of parking with a 2 car garage and covered carport that can accommodate 2 cars. Newer windows, central heat, water heater and alarm system round out some of the more recent upgrades. BUYER MAYBE QUALIFY TO ASSUME THE LOW INTEREST RATE LOAN OF 4.49%.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 2 months
Monthly PITI
$2,412.7/mo
Estimated Loan Balance
$361,289
Cash to close
$88,711
Interest Paid
$51,551

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Laminate, Tile, Vinyl

Exterior

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

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Stucco
  • Roof: Composition
Condition
  • Year Built: 1982
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Lake Hughes

Financial Details

  • Price per Sqft: $335.07
  • Tax Annual Amount: $
  • On Market Date: 2024-04-05T00:00:00.000Z
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 $88,711 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $88,711!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$360,289
Your Cash$88,711
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,998/mo
Traditional @ 7.5%
$2,614/mo
You save $616/month ($7,387/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24053580

Listing From:

Last updated: 2024-12-05T05:23:44.000Z

© , 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

4.98%
7.15%

Principal & Interest

$1,998 /mo
$2,520 /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 $88,711 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $88,711!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$360,289
Your Cash$88,711
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,998/mo
Traditional @ 7.5%
$2,614/mo
You save $616/month ($7,387/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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