Laura Jewett

Laura Jewett

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$480,000

($157,818 down)
FHA

243 Shafer Avenue, Merced, CA 95348

4
3
1,919 sqft
PITI Monthly
$2,377.85 /mo

Listing courtesy of: Corbett McDaniel, American Realty

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,467 /mo
$2,329 /mo

What's Special

SHOPPING
DINING
MODERN

Welcome to 243 Shafer Ave, a beautifully modern home located in the highly desirable North Merced area. Built in 2021, this smart home offers 4 bedrooms, 2.5 bathrooms, and a versatile loft within 1,919 square feet of thoughtfully designed living space. The home features a unique two-car garage designed lengthwise, providing additional flexibility for storage or parking. As a smart home, it offers convenience and modern living with app and control panel access to the HVAC system, living room lights, and garage door. Equipped with a dual HVAC system, this home allows for separate temperature control for the downstairs and upstairs levels, ensuring comfort year-round. Situated near UC Merced, Merced College, and Mercy Medical Center, the property is ideal for those seeking proximity to education, healthcare, and local amenities. The neighborhood also offers parks, shopping centers, and dining options, enhancing the lifestyle experience. Don’t miss your chance to own this well-located and technologically advanced home in one of Merced’s most sought-after areas!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 9 months
Monthly PITI
$2,377.85/mo
Estimated Loan Balance
$360,823
Cash to close
$157,818
Interest Paid
$33,262

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • 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: 2021
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks, Urban
HOA
  • Has HOA: No
Location
  • Region: Merced

Financial Details

  • Price per Sqft: $250.13
  • Tax Annual Amount: $6000
  • On Market Date: 2025-01-22T00:00:00.000Z
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 $157,818 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $157,818!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$322,182
Your Cash$157,818
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,467/mo
Traditional @ 7.5%
$2,416/mo
You save $949/month ($11,388/year)

*Secondary financing rates are an estimated value based on input

MLS ID: MC25013432

Listing From:

Last updated: 2025-03-08T23:57:39.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,467 /mo
$2,329 /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 $157,818 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $157,818!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$322,182
Your Cash$157,818
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,467/mo
Traditional @ 7.5%
$2,416/mo
You save $949/month ($11,388/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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