Laura Jewett

Laura Jewett

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Closed

$869,900

($357,668 down)
VA

1743 Milton Manor Dr, El Cajon, CA 92021

4
4
2,180 sqft
PITI Monthly
$2,849.96 /mo

Listing courtesy of: Thomas Holmes, Coldwell Banker Realty

Assumed Rate

3.73%
7.15%

Principal & Interest

$2,633 /mo
$3,850 /mo

What's Special

SPACIOUS
MODERN
RENTAL INCOME

The main house boasts three spacious bedrooms and three well-appointed bathrooms, providing ample space for a family to live and thrive. Each room is thoughtfully designed. The main house is not the only highlight of this beautiful property. Adjacent to it, you'll find a fully equipped guest house, featuring an additional bedroom, a modern kitchen, and a full bathroom. This separate unit has been utilized as an Airbnb in recent years, offering guests a comfortable and private retreat while contributing to the property’s overall value. In 2022, the guest house generated a revenue of $27,051, showcasing its potential as a lucrative income stream. Although the owners welcomed a new baby in 2023, which impacted the rental income, the unit still represents a significant opportunity for future earnings. The previous year's earnings of $25,572.25 in 2021 further emphasize this additional space's consistent demand and profitability. It's a really well-done unit that's been in high demand. Stepping outside, you are greeted by a gorgeous yard that serves as an oasis of tranquility and leisure. The centerpiece is a recently updated underground pool, perfect for enjoying warm summer days or hosting gatherings with family and friends. Don't miss out on this exceptional property that is priced to sell

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.73
Remaining Loan Term
24 years, 4 months
Monthly PITI
$2,849.96/mo
Estimated Loan Balance
$841,118
Cash to close
$357,668
Interest Paid
$113,940

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
Features
  • Materials: Other, VinylSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: InGround

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Other, VinylSiding
  • Roof: Composition
Condition
  • Year Built: 1961
Details
  • Builder:

Community & HOA

Community
  • Subdivision: El Cajon
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: El Cajon

Financial Details

  • Price per Sqft: $399.04
  • Tax Annual Amount: $
  • On Market Date: 2024-08-28T00:00:00.000Z
Inquire about this property

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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 $357,668 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $357,668!

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

Loan Breakdown

Assumed Mortgage3.73% Sellers Rate
$512,232
Your Cash$357,668
Total Purchase Price:$869,900

Assumed vs Traditional Mortgage

Assumed @ 3.73%
$2,633/mo
Traditional @ 7.5%
$3,993/mo
You save $1,360/month ($16,320/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 240020391SD

Listing From:

Last updated: 2024-10-05T16:04:28.000Z

© , 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

3.73%
7.15%

Principal & Interest

$2,633 /mo
$3,850 /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 $357,668 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $357,668!

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

Loan Breakdown

Assumed Mortgage3.73% Sellers Rate
$512,232
Your Cash$357,668
Total Purchase Price:$869,900

Assumed vs Traditional Mortgage

Assumed @ 3.73%
$2,633/mo
Traditional @ 7.5%
$3,993/mo
You save $1,360/month ($16,320/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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