Laura Jewett

Laura Jewett

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Closed

$550,000

($302,902 down)
FHA

20385 Baker Ct, Wildomar, CA 92595

2
2
1,760 sqft
PITI Monthly
$2,538.01 /mo

Listing courtesy of: Maria Carrasco, eXp Realty of Southern California, Inc.

Assumed Rate

6.78%
7.15%

Principal & Interest

$1,622 /mo
$1,684 /mo

What's Special

INVESTORS
LOCATION
SHOPPING
DINING
SPACIOUS
HOME OFFICE
WET BAR
DECK
PATIO
CUL-DE-SAC
COZY
NO HOA

With many potential opportunities, this hidden gem is a rare find, offering comfort, privacy, and space to make your own. Nestled on a one-acre lot, this 1981-built manufactured home on a permanent foundation features 2 bedrooms, 2 bathrooms, a spacious living/dining room combination, a cozy family room adjacent to the kitchen, and the convenience of an inside laundry room. The kitchen boasts a built-in oven, pantry, microwave oven, dishwasher, and a wet bar with a sink, perfect for entertaining. A fully functional A/C system ensures year-round comfort. Outside, the possibilities continue with an oversized detached 2-car garage featuring a bonus room above, accessible via an exterior staircase—perfect for a home office, studio, or guest space. The expansive property includes a large wood deck patio.. With an on-site well, irrigated at minimal cost, while the home is also connected to the city’s public water system for convenience. Located at the end of a quiet cul-de-sac, the property is fully fenced with an iron gate for added security and privacy. Its prime location offers easy access to schools, parks, shopping, and freeways. With low taxes, no HOA, and a price that’s hard to beat, this property is perfect for first-time buyers, investors, or those looking to create their dream home. The potential is endless—unlock the possibilities

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.78
Remaining Loan Term
29 years, 0 months
Monthly PITI
$2,538.01/mo
Estimated Loan Balance
$248,643
Cash to close
$302,902
Interest Paid
$16,821

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: ManufacturedOnLand
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Out Of Area
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Wildomar

Financial Details

  • Price per Sqft: $312.5
  • Tax Annual Amount: $6875
  • On Market Date: 2025-01-15T00:00:00.000Z
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 $302,902 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $302,902!

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

Loan Breakdown

Assumed Mortgage6.78% Sellers Rate
$247,098
Your Cash:$302,902
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.78%
$1,622/mo
Traditional @ 7.5%
$1,746/mo
You save $125/month ($1,495/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 250001287SD

Listing From:

Last updated: 2025-01-17T16:39:07.000Z

© , 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

6.78%
7.15%

Principal & Interest

$1,622 /mo
$1,684 /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 $302,902 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $302,902!

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

Loan Breakdown

Assumed Mortgage6.78% Sellers Rate
$247,098
Your Cash:$302,902
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.78%
$1,622/mo
Traditional @ 7.5%
$1,746/mo
You save $125/month ($1,495/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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