Laura Jewett

Laura Jewett

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Closed

$850,000

($351,200 down)
VA

1490 Franceschi Drive, Chula Vista, CA 91913

4
3
1,790 sqft
PITI Monthly
$2,457.48 /mo

Listing courtesy of: Richard Lucchesi, Abundance Real Estate

Assumed Rate

2.83%
7.15%

Principal & Interest

$2,241 /mo
$3,669 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
LUXURY
FITNESS CENTER
PLAYGROUND

Welcome to 1490 Franceschi Drive, a beautiful turn key home in the highly sought after Otay Ranch community. This spacious 4 bedroom, 2.5 bathroom residence offers modern living with an array of desirable, upgraded features that you will enjoy with energy savings from your fully owned solar system! The luxury vinyl plank flooring throughout creates a perfect flow in this home boasting an open floor plan thats perfect for entertaining and family gatherings. As you step outside to relax in your backyard you will see gorgeous views and the privacy of no rear neighbors. The low HOA fee gives you access to a fitness center, pools, sports courts, outdoor eating areas complete with barbecues, a playground, and scenic hiking trails. Otay Ranch is known for its welcoming atmosphere, top rated schools, and convenient access to shopping, dining, and entertainment. This exceptional home offers everything your family needs for comfortable, modern living. Don't miss the opportunity to make it yours!!!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 9 months
Monthly PITI
$2,457.48/mo
Estimated Loan Balance
$645,921
Cash to close
$351,200
Interest Paid
$62,338

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stone, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: SeeRemarks

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community, Association

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Mediterranean
Materials
  • Stone, Stucco
  • Roof: Unknown
Condition
  • Year Built: 2015
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Park, Suburban, Sidewalks, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Walters Management
  • HOA Amenities: Unknown
  • HOA Fee: $74
  • HOA Frequency: $Monthly
Location
  • Region: Chula Vista

Financial Details

  • Price per Sqft: $474.86
  • Tax Annual Amount: $
  • On Market Date: 2024-08-29T00:00:00.000Z
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 $351,200 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $351,200!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$498,800
Your Cash$351,200
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$2,241/mo
Traditional @ 7.5%
$3,806/mo
You save $1,565/month ($18,780/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24178885

Listing From:

Last updated: 2024-10-05T00:51:29.000Z

© , 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

2.83%
7.15%

Principal & Interest

$2,241 /mo
$3,669 /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 $351,200 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $351,200!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$498,800
Your Cash$351,200
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$2,241/mo
Traditional @ 7.5%
$3,806/mo
You save $1,565/month ($18,780/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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