Laura Jewett

Laura Jewett

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Closed

$485,000

($235,994 down)
FHA

27602 Potomac Drive, Menifee, CA 92586

3
2
1,785 sqft
PITI Monthly
$1,652.29 /mo

Listing courtesy of: CATALINA CASTANEDA, Southland Homes

Assumed Rate

3.8%
7.15%

Principal & Interest

$1,290 /mo
$1,869 /mo

What's Special

MINUTES AWAY
SHOPPING
DINING
SPACIOUS
GRANITE COUNTERTOPS
BREAKFAST NOOK
PATIO
55+ COMMUNITY

NEWLY IMPROVED PRICE! Seller may offer credit towards stucco repairs! Welcome to 27602 Potomac Drive, a beautiful single story home located in the desirable Serenade 55+ Community of Menifee! Featuring 3 bedrooms and 2 bathrooms, newer tile flooring throughout the common rooms, spacious kitchen with recently painted cabinets and granite countertops, breakfast nook for extra dining space, family room perfect for family gatherings and indoor laundry room. The best part about this house is the outside, which has been recently painted and the front and back lawns have been upgraded with synthetic turf. On top of that, there is a new wood patio cover, spacious carport on the side with iron gate, wide driveway that could fit multiple cars, storage shed, fruit trees and so much more! This home is conveniently located minutes away from the 215 FWY, medical centers, Menifee Lakes Country Club, shopping and restaurants. Come see it today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.8
Remaining Loan Term
24 years, 4 months
Monthly PITI
$1,652.29/mo
Estimated Loan Balance
$271,032
Cash to close
$235,994
Interest Paid
$56,396

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • 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: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1990
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: Yes
  • HOA Name: Serenade
  • HOA Amenities: Unknown
  • HOA Fee: $0
  • HOA Frequency: $
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $271.71
  • Tax Annual Amount: $
  • On Market Date: 2024-09-12T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $235,994 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $235,994!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$249,006
Your Cash$235,994
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,290/mo
Traditional @ 7.5%
$1,939/mo
You save $649/month ($7,792/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV24135808

Listing From:

Last updated: 2024-12-13T19:14:26.000Z

© , 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

3.8%
7.15%

Principal & Interest

$1,290 /mo
$1,869 /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 $235,994 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $235,994!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$249,006
Your Cash$235,994
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,290/mo
Traditional @ 7.5%
$1,939/mo
You save $649/month ($7,792/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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