Laura Jewett

Laura Jewett

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$550,000

($444,682 down)
FHA

1709 E River Dr, Margate, FL 33063

4
2
1,936 sqft
PITI Monthly
$1,642.65 /mo

Listing courtesy of: Barbara Higgins, Century 21 Hansen Realty Inc

Assumed Rate

5.88%
7.15%

Principal & Interest

$1,149 /mo
$1,311 /mo

What's Special

LOCATION
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
DECK
PATIO

Spacious single-family home on a desirable corner lot w/wide stunning canal views. The main house offers 3 bedrooms, 2 baths, large formal living and dining rooms, plus a versatile den. The kitchen boasts ample wood cabinetry, stainless steel appliances, and tile floors that extends through the kitchen/dining areas. Bedrooms and living areas are carpeted for comfort, w/laminate in the den. Step outside to enjoy the inviting pool, deck, and screened front patio, perfect for outdoor entertaining. Also, includes a 1-bed, 1-bath mother-in-law suite w/kitchenette and private entrance ideal for guests or family. Additional highlights include Roof (2020), Flat Roof (2014) electrical panels (main 2020, exterior 2023) & A/C (2021). The home offers both comfort and functionality in a prime location!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.88
Remaining Loan Term
9 years, 8 months
Monthly PITI
$1,642.65/mo
Estimated Loan Balance
$106,575
Cash to close
$444,682
Interest Paid
$187,689

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir, CeilingFans
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, CeramicTile, Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: InGround, Pool

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory, SplitLevel
Materials
  • Stucco
  • Roof: Composition, Shingle
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Margate 3rd Add 44-48 B
  • Features: NonGated, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Margate

Financial Details

  • Price per Sqft: $284.09
  • Tax Annual Amount: $2275
  • On Market Date: 2024-09-06T00:00:00.000Z
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 $444,682 (81%)
You can enter any amount below - secondary financing will cover the difference if needed.
81%
$

You cover the entire equity of $444,682!

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

Loan Breakdown

Assumed Mortgage5.88% Sellers Rate
$105,318
Your Cash:$444,682
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 5.88%
$1,149/mo
Traditional @ 7.5%
$1,360/mo
You save $211/month ($2,533/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10460478

Listing From:

Last updated: 2025-03-03T18:30:19.000Z

© , FTL. 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

5.88%
7.15%

Principal & Interest

$1,149 /mo
$1,311 /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 $444,682 (81%)
You can enter any amount below - secondary financing will cover the difference if needed.
81%
$

You cover the entire equity of $444,682!

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

Loan Breakdown

Assumed Mortgage5.88% Sellers Rate
$105,318
Your Cash:$444,682
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 5.88%
$1,149/mo
Traditional @ 7.5%
$1,360/mo
You save $211/month ($2,533/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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