Laura Jewett

Laura Jewett

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$799,000

($491,962 down)
FHA

1518 W 56th Street, Los Angeles, CA 90062

3
2
1,194 sqft
PITI Monthly
$3,104.48 /mo

Listing courtesy of: Joanne Mullins, Joanne Loyola Mullins, Broker

Assumed Rate

3.8%
7.15%

Principal & Interest

$1,784 /mo
$2,586 /mo

What's Special

REMODELED
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
PRIVATE BACKYARD
CHARMING
COZY

This delightful Craftsman home offers the perfect blend of classic charm and modern comfort. As you approach, the welcoming covered front porch invites you to relax and unwind. Inside, an open floor plan creates a warm, spacious atmosphere, enhanced by an abundance of natural light from the many windows and recessed lighting throughout. The cozy living room, complete with a charming fireplace, flows seamlessly into the large dining area—ideal for hosting family gatherings. The updated kitchen is a true highlight, featuring gleaming stainless steel appliances, beautiful granite countertops, custom inset cabinets, and a stylish remodeled tile backsplash. For added convenience, there's a spacious hallway laundry room with plenty of storage. This home has been thoughtfully updated, including a newer water heater, central A/C, and heating units for year-round comfort. Both bathrooms have been tastefully remodeled with glass shower doors and elegant tiles. Step outside to discover a large, private backyard, perfect for relaxing or entertaining. The gated front yard and long driveway offer plenty of space for parking, with room additional cars or possibly an RV. A detached 2-car garage with tile floors provides even more space for storage or projects. Though the title shows as 2 bedrooms and 1 bath, this property has 3 bedrooms and 2 baths. Buyers are encouraged to perform their due diligence with the City. Property is selling as is. This home exudes character and warmth—a true gem waiting for you to make it your own!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.8
Remaining Loan Term
20 years, 8 months
Monthly PITI
$3,104.48/mo
Estimated Loan Balance
$308,655
Cash to close
$491,962
Interest Paid
$123,134

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Block, ChainLink, Wood
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: Bungalow, Craftsman
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1912
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks, Park
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $669.18
  • Tax Annual Amount: $9987.5
  • On Market Date: 2025-02-27T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $491,962 (62%)
You can enter any amount below - secondary financing will cover the difference if needed.
62%
$

You cover the entire equity of $491,962!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$307,038
Your Cash:$491,962
Total Purchase Price:$799,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,784/mo
Traditional @ 7.5%
$2,683/mo
You save $898/month ($10,782/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RS25032526

Listing From:

Last updated: 2025-02-28T14:44:05.000Z

© , 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

3.8%
7.15%

Principal & Interest

$1,784 /mo
$2,586 /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 $491,962 (62%)
You can enter any amount below - secondary financing will cover the difference if needed.
62%
$

You cover the entire equity of $491,962!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$307,038
Your Cash:$491,962
Total Purchase Price:$799,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,784/mo
Traditional @ 7.5%
$2,683/mo
You save $898/month ($10,782/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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