Laura Jewett

Laura Jewett

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Closed

$545,900

($193,514 down)
FHA

30430 Teal Brook Drive, Menifee, CA 92584

3
3
1,637 sqft
PITI Monthly
$2,613.58 /mo

Listing courtesy of: Chris Blasic, Clear Edge Realty

Assumed Rate

2.96%
7.15%

Principal & Interest

$1,607 /mo
$2,588 /mo

What's Special

REMODELED
SHOPPING
DINING
SPACIOUS
FIREPLACE
VAULTED CEILINGS
PATIO
PLAYGROUND
CHARMING
COZY
EFFICIENT

Welcome to this beautifully maintained home in the prestigious Menifee Lakes community, one of the most sought-after neighborhoods in Menifee. Surrounded by a 17-acre lake and a 36-hole championship golf course, Menifee Lakes offers the ideal setting for both young families and retirees. Enjoy a variety of activities, including catch-and-release fishing, paddle boating, and swimming at the private lagoon. The neighborhood also features several parks and playgrounds, perfect for children. Conveniently located just off the freeway, this community is minutes from downtown Menifee, where you'll find shopping, dining, and essential services. This charming 3-bedroom, 2.5-bathroom home at 30430 Teal Brook Drive boasts vaulted ceilings and a bright, open floor plan. The owners have invested significantly in upgrades, including a new roof with a lifetime warranty, an energy-efficient central A/C system with new ducting and a smart thermostat, a whole-house fan, an aluminum garage door, and plantation shutters throughout. The spacious downstairs includes a large formal living room with a cozy fireplace, a generous dining area perfect for holiday gatherings, and a kitchen designed for entertaining with ample prep space, new lighting, a newer dishwasher, and a new garbage disposal. Beautiful 20x20 ceramic tile flooring flows throughout the main traffic areas. Upstairs, you'll find three bedrooms, all with ceiling fans and wood shutters, as well as two remodeled bathrooms. The elegant wrought iron balusters and vinyl wood stair planks add a touch of class. The backyard is perfect for entertaining, with a solid concrete patio and a large, open space for customization. This home is just steps away from the HOA Beach Club, the main lake, a new library, elementary school, and middle school. You can even enjoy Menifee's annual July 4th fireworks show from your own driveway! Don't miss out on this fantastic home—schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.96
Remaining Loan Term
26 years, 3 months
Monthly PITI
$2,613.58/mo
Estimated Loan Balance
$381,856
Cash to close
$193,514
Interest Paid
$40,850

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Tile, Vinyl, Wood

Exterior

Fencing
  • Fencing: GoodCondition, StuccoWall, Vinyl
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: Association

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Craftsman
Materials
  • Stucco
  • Roof: Tile
Condition
  • Year Built: 1989
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: DogPark, Fishing, Golf, Lake, StreetLights, Suburban, Sidewalks
HOA
  • Has HOA: Yes
  • HOA Name: Menifee Lakes Master HOA
  • HOA Amenities: Unknown
  • HOA Fee: $100
  • HOA Frequency: $Monthly
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $333.48
  • Tax Annual Amount: $6823.75
  • On Market Date: 2025-02-12T00:00:00.000Z
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Savings Calculator

Current cash to close is $193,514 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$

You cover the entire equity of $193,514!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$352,386
Your Cash$193,514
Total Purchase Price:$545,900

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,607/mo
Traditional @ 7.5%
$2,684/mo
You save $1,077/month ($12,925/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW25030835

Listing From:

Last updated: 2025-03-23T06:03:39.000Z

© , 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

2.96%
7.15%

Principal & Interest

$1,607 /mo
$2,588 /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 $193,514 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$

You cover the entire equity of $193,514!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$352,386
Your Cash$193,514
Total Purchase Price:$545,900

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,607/mo
Traditional @ 7.5%
$2,684/mo
You save $1,077/month ($12,925/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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