Laura Jewett

Laura Jewett

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Closed

$485,000

($229,179 down)
FHA

32881 Rome Hill Road, Lake Elsinore, CA 92530

3
2
1,665 sqft
PITI Monthly
$1,529.51 /mo

Listing courtesy of: Keren Raquel Melendez, Synergy Investment Group

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,168 /mo
$1,857 /mo

What's Special

NO HOA
AFFORDABLE
TURNKEY

""""NEWLY REDUCED""""Perfect property for first-time home buyers looking for an opportunity to get into a more affordable price point that can lead into attractive stepping stone of owning first investment! 5 MINUTES to LAKE! Room to build an ADU (additional dwelling) in the back!!! Newer-built (2018)Fleetwood double-wide manufactured home on permanent foundation sitting on a little over 8,700+ of land, NO HOA which is a major perk compared to a condo or home with an HOA! Own the land outright, add this to your portfolio! The property has an open floor plan with lots of living space and appliances included which is great for turnkey buyers. Gated fence for security, fits multiple vehicles, with a unique custom-built chicken coop, planter boxes ready, mandarin/ apricot saplings and orange dwarf of fruit bearing age! Qualifies for FHA OR FIRST TIME BUYER DOWN PAYMENT ASSISTANCE FOR THIS HOME IN THE MID TO HIGH 5's!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 2 months
Monthly PITI
$1,529.51/mo
Estimated Loan Balance
$256,848
Cash to close
$229,179
Interest Paid
$30,971

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: GoodCondition, Vinyl
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: ManufacturedOnLand
  • Architectural Style: SeeRemarks
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2018
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Lake, Mountainous, Rural
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $291.29
  • Tax Annual Amount: $
  • On Market Date: 2024-06-04T00:00:00.000Z
Inquire about this property

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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 $229,179 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $229,179!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$255,821
Your Cash$229,179
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,168/mo
Traditional @ 7.5%
$1,926/mo
You save $758/month ($9,098/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24107941

Listing From:

Last updated: 2025-01-14T01:08:23.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,168 /mo
$1,857 /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 $229,179 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $229,179!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$255,821
Your Cash$229,179
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,168/mo
Traditional @ 7.5%
$1,926/mo
You save $758/month ($9,098/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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