Laura Jewett

Laura Jewett

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Closed

$529,000

($349,709 down)
FHA

28700 Bridge Water Lane, Menifee, CA 92584

4
3
1,595 sqft
PITI Monthly
$1,900.8 /mo

Listing courtesy of: Linda Ocello, Linda Ocello

Assumed Rate

2.18%
7.15%

Principal & Interest

$1,040 /mo
$1,586 /mo

What's Special

REMODELED

Subject to 1031 exchange. Home has newly remodeled inside new paint, carpet, flooring, some blinds, faucets, tiles, kitchen cabinets, garbage disposal, back yard faces the water. 2.3 mile path goes around the lake. Beach club is a few homes down. Seller agent is owner, sold as is.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.18
Remaining Loan Term
16 years, 8 months
Monthly PITI
$1,900.8/mo
Estimated Loan Balance
$189,459
Cash to close
$349,709
Interest Paid
$13,714

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Unknown
  • Heating: ForcedAir
Features
  • Materials: Stucco, VerticalSiding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: AverageCondition, Wood, WroughtIron
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community, Fenced, Association

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary
Materials
  • Stucco, VerticalSiding
  • Roof: Tile
Condition
  • Year Built: 1992
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, Fishing, Lake, Sidewalks, WaterSports, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Menifee Master Association
  • HOA Amenities: Unknown
  • HOA Fee: $100
  • HOA Frequency: $Monthly
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $331.66
  • Tax Annual Amount: $6612.5
  • On Market Date: 2024-08-26T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $349,709 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $349,709!

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

Loan Breakdown

Assumed Mortgage2.18% Sellers Rate
$179,291
Your Cash:$349,709
Total Purchase Price:$529,000

Assumed vs Traditional Mortgage

Assumed @ 2.18%
$1,040/mo
Traditional @ 7.5%
$1,631/mo
You save $591/month ($7,092/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24174356

Listing From:

Last updated: 2024-11-30T16:25:43.000Z

© , 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

2.18%
7.15%

Principal & Interest

$1,040 /mo
$1,586 /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 $349,709 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $349,709!

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

Loan Breakdown

Assumed Mortgage2.18% Sellers Rate
$179,291
Your Cash:$349,709
Total Purchase Price:$529,000

Assumed vs Traditional Mortgage

Assumed @ 2.18%
$1,040/mo
Traditional @ 7.5%
$1,631/mo
You save $591/month ($7,092/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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