Laura Jewett

Laura Jewett

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$574,900

($162,751 down)
FHA

2036 Terrakappa Ave, Spring Valley, CA 91977

2
3
1,179 sqft
PITI Monthly
$3,445.2 /mo

Listing courtesy of: Amber Welch, eXp Realty of California, Inc.

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,352 /mo
$2,886 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
HOME OFFICE
CUL-DE-SAC
LOW HOA FEES

FHA/ VA APPROVED! Optional 3rd bedroom downstairs! Discover your dream home in this private Spring Valley townhouse community, tucked away in a peaceful cul-de-sac. With only one shared wall, this beautifully updated residence offers the feel of a detached home while providing modern comforts and style.The contemporary kitchen features sleek new cabinetry, granite countertops, and stainless steel appliances, perfect for cooking and entertaining. Originally a three-bedroom layout, this home has been thoughtfully reconfigured into a spacious two-bedroom retreat, highlighted by a generous primary suite with room for a home office, reading nook, or workout space. On the main level, a California sunroom or optional 3rd bedroom and guest bathroom create additional versatile living space, while a dedicated laundry room adds convenience to your daily routine. The upgraded primary bathroom boasts a step-in tiled shower, granite countertops, and stylish lighting. Enjoy energy efficiency with a leased solar system and effortless parking with an attached one-car garage plus an extra designated space. The Terra II community offers residents a sparkling pool and low HOA fees, all within close proximity to schools, shopping, dining, and entertainment. Plus, quick freeway access makes commuting a breeze. Don’t miss this incredible opportunity—schedule your tour today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$3,445.2/mo
Estimated Loan Balance
$413,260
Cash to close
$162,751
Interest Paid
$54,797

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community

Construction

Type & Style
  • Stories: 2
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1973
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Spring Valley
  • Features: Pool
HOA
  • Has HOA: Yes
  • HOA Name: Terra II
  • HOA Amenities: Unknown
  • HOA Fee: $336
  • HOA Frequency: $Monthly
Location
  • Region: Spring Valley

Financial Details

  • Price per Sqft: $487.62
  • Tax Annual Amount: $7186.25
  • On Market Date: 2025-03-06T00:00:00.000Z
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 $162,751 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $162,751!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$412,149
Your Cash$162,751
Total Purchase Price:$574,900

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,352/mo
Traditional @ 7.5%
$2,994/mo
You save $642/month ($7,704/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 250020922SD

Listing From:

Last updated: 2025-03-29T00:45:02.000Z

© , 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

5.22%
7.15%

Principal & Interest

$2,352 /mo
$2,886 /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 $162,751 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $162,751!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$412,149
Your Cash$162,751
Total Purchase Price:$574,900

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,352/mo
Traditional @ 7.5%
$2,994/mo
You save $642/month ($7,704/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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