Laura Jewett

Laura Jewett

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$849,000

($239,781 down)
FHA

2225 Olive Avenue, Long Beach, CA 90806

4
3
1,740 sqft
PITI Monthly
$5,357.61 /mo

Listing courtesy of: Gloria Bradley, Vylla Home, Inc.

Assumed Rate

6.11%
7.15%

Principal & Interest

$3,812 /mo
$4,244 /mo

What's Special

REMODELED
SPACIOUS
MASTER SUITE
BALCONY
CITY VIEWS
COZY
SOLAR PANELS

Spacious 2-Story American Craftsman Home, known for being cozy with a front porch, lots of wood and built-in cabinetry – The Biggest on the Block! Live in or rent out this huge 4-bedroom, 3-bathroom single-family home—the largest home on the block! It offers a flexible layout with bedrooms both upstairs and downstairs. The top-floor master suite features a private balcony with stunning city views, perfect for relaxing. The downstairs bathroom was beautifully remodeled in 2024 for added comfort. Enjoy the expansive front and backyard, providing ample space for outdoor entertaining. The detached garage offers exciting ADU potential, while still leaving plenty of room for parking. Plus, benefit from paid-off solar panels for energy savings! Most importantly, the city-approved foundation has been fully upgraded, ensuring peace of mind. Don’t miss this incredible opportunity—schedule your showing today! Ask about financing options, homebuyer grants, and down payment assistance programs!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 7 months
Monthly PITI
$5,357.61/mo
Estimated Loan Balance
$611,327
Cash to close
$239,781
Interest Paid
$91,449

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

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

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1914
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Poly High (PH)
  • Features: Curbs, StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Long Beach

Financial Details

  • Price per Sqft: $487.93
  • Tax Annual Amount: $10612.5
  • On Market Date: 2025-03-12T00:00:00.000Z
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 $239,781 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $239,781!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$609,219
Your Cash$239,781
Total Purchase Price:$849,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$3,812/mo
Traditional @ 7.5%
$4,402/mo
You save $590/month ($7,083/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW25038704

Listing From:

Last updated: 2025-04-02T05:44:09.000Z

© , 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

6.11%
7.15%

Principal & Interest

$3,812 /mo
$4,244 /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 $239,781 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $239,781!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$609,219
Your Cash$239,781
Total Purchase Price:$849,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$3,812/mo
Traditional @ 7.5%
$4,402/mo
You save $590/month ($7,083/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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