Laura Jewett

Laura Jewett

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$399,900

($197,631 down)
FHA

18186 Ballard Avenue, Lake Elsinore, CA 92530

2
2
1,000 sqft
PITI Monthly
$1,753.74 /mo

Listing courtesy of: Oscar Sosa, Real Brokerage Technologies

Assumed Rate

3.69%
7.15%

Principal & Interest

$1,029 /mo
$1,512 /mo

What's Special

LOCATION
SPACIOUS
HOME OFFICE
DECK
CHARMING
RENTAL INCOME

Just a short walk from the beautiful Lake Elsinore, this spacious one-bedroom, one-bathroom home offers the perfect blend of outdoor living and comfort. In addition to its prime location near the lake, the property features a detached ADU with its own bedroom and bathroom, ideal for hosting guests, creating a home office, or generating rental income. The backyard is a private oasis, complete with a charming gazebo nestled among a variety of fruit trees and a garden, perfect for relaxing, entertaining, or harvesting fresh produce. The thoughtful layout of the home, ADU, and gazebo maximizes the use of space, while the wrap-around deck extends the living area outdoors, creating a seamless flow between indoor and outdoor living. This property defies the notion of a 'tiny home' or 'small lot.' With its smart design, additional ADU, lush garden, and convenient access to Lake Elsinore’s recreation and scenic views, it’s a unique and charming space. You must see!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.69
Remaining Loan Term
24 years, 8 months
Monthly PITI
$1,753.74/mo
Estimated Loan Balance
$215,971
Cash to close
$197,631
Interest Paid
$41,804

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Central, WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: AsbestosShingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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: Unknown
Materials
  • Unknown
  • Roof: AsbestosShingle
Condition
  • Year Built: 1990
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: WaterSports
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $399.9
  • Tax Annual Amount: $4998.75
  • On Market Date: 2024-10-10T00:00:00.000Z
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 $197,631 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $197,631!

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

Loan Breakdown

Assumed Mortgage3.69% Sellers Rate
$202,269
Your Cash$197,631
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 3.69%
$1,029/mo
Traditional @ 7.5%
$1,568/mo
You save $539/month ($6,471/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24193445

Listing From:

Last updated: 2025-03-27T18:01:27.000Z

© , 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

3.69%
7.15%

Principal & Interest

$1,029 /mo
$1,512 /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 $197,631 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $197,631!

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

Loan Breakdown

Assumed Mortgage3.69% Sellers Rate
$202,269
Your Cash$197,631
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 3.69%
$1,029/mo
Traditional @ 7.5%
$1,568/mo
You save $539/month ($6,471/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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