Laura Jewett

Laura Jewett

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Closed

$569,000

($263,790 down)
FHA

2871 Rheem Ave, Richmond, CA 94804

2
1
930 sqft
PITI Monthly
$2,164.86 /mo

Listing courtesy of: Philip Strause, Compass

Assumed Rate

4.2%
7.15%

Principal & Interest

$1,745 /mo
$2,411 /mo

What's Special

SPACIOUS
MOVE-IN READY
HOME OFFICE

This is it! 2871 Rheem is a beautifully updated gem in the heart of Richmond's highly desirable North & East neighborhood and close to Wildcat Canyon Regional Park. Numerous upgrades make this home move-in ready, including new flooring throughout, newer roof, sewer lateral compliant, completed seismic gas valve and an upgraded main electrical panel ready for EV charging. Modified by a previous owner, the home features a clean bonus space suitable for a home office, playroom, or guest accommodations. A spacious, verdant backyard offers an ideal environment for outdoor play, or you can expand the raised beds to establish your personal garden oasis.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.2
Remaining Loan Term
22 years, 1 months
Monthly PITI
$2,164.86/mo
Estimated Loan Balance
$305,884
Cash to close
$263,790
Interest Paid
$110,007

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Unknown
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom, WoodBurning
  • Flooring: SeeRemarks

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1941
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Richmond

Financial Details

  • Price per Sqft: $611.83
  • Tax Annual Amount: $
  • On Market Date: 2024-10-02T00:00:00.000Z
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 $263,790 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $263,790!

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

Loan Breakdown

Assumed Mortgage4.2% Sellers Rate
$305,210
Your Cash$263,790
Total Purchase Price:$569,000

Assumed vs Traditional Mortgage

Assumed @ 4.2%
$1,745/mo
Traditional @ 7.5%
$2,500/mo
You save $755/month ($9,061/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 41075131

Listing From:

Last updated: 2024-11-02T15:06:14.000Z

© , 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

4.2%
7.15%

Principal & Interest

$1,745 /mo
$2,411 /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 $263,790 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $263,790!

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

Loan Breakdown

Assumed Mortgage4.2% Sellers Rate
$305,210
Your Cash$263,790
Total Purchase Price:$569,000

Assumed vs Traditional Mortgage

Assumed @ 4.2%
$1,745/mo
Traditional @ 7.5%
$2,500/mo
You save $755/month ($9,061/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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