Laura Jewett

Laura Jewett

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$399,998

($71,066 down)
FHA

425 Lily Drive, Merced, CA 95341

3
2
1,654 sqft
PITI Monthly
$2,351.87 /mo

Listing courtesy of: Max Madayag, Keller Williams Property Team

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,504 /mo
$2,387 /mo

What's Special

FRESH PAINT
SHOPPING
ENTERTAINMENT
SPACIOUS
STAINLESS STEEL APPLIANCES
FIREPLACE
PATIO
CUL-DE-SAC
QUIET NEIGHBORHOOD
MOTIVATED SELLER

Come take a look at this amazingly beautiful home that lays in a cul-de-sac in a quiet neighborhood. It's just minutes from UC Merced and has tons of growth for equity as it sits minutes from the Mission Exit which has plans for major shopping centers and is the gateway to UC Merced and Yosemite National Park. As you walk in you're greeted with beautiful laminated flooring that leads into an open living room with a beautiful fireplace to relax after a long day. The kitchen has stainless steel appliances, beautiful cabinets with plenty of cabinet space along with an island and bar. The entire home is laminated including the spacious bedrooms that have fresh paint with a separate room for laundry. As you venture into the backyard, you're greeted with a covered patio and a perfect amount of space to enjoy your outside entertainment and summer bbq's. It has an oversized AC unit and a wooden shed that is included with the home. Come make us an offer today and enjoy this beautiful neighborhood with the park down the street and minutes from downtown restaurants and entertainment. **MOTIVATED SELLERS**

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$2,351.87/mo
Estimated Loan Balance
$329,592
Cash to close
$71,066
Interest Paid
$34,937

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: FamilyRoom
  • 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: 2005
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural, StreetLights, Suburban
HOA
  • Has HOA: No
Location
  • Region: Merced

Financial Details

  • Price per Sqft: $241.84
  • Tax Annual Amount: $4999.98
  • On Market Date: 2025-02-11T00:00:00.000Z
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 $71,066 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $71,066!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$328,932
Your Cash$71,066
Total Purchase Price:$399,998

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,504/mo
Traditional @ 7.5%
$2,476/mo
You save $973/month ($11,673/year)

*Secondary financing rates are an estimated value based on input

MLS ID: MC25031397

Listing From:

Last updated: 2025-04-03T22:07:35.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,504 /mo
$2,387 /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 $71,066 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $71,066!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$328,932
Your Cash$71,066
Total Purchase Price:$399,998

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,504/mo
Traditional @ 7.5%
$2,476/mo
You save $973/month ($11,673/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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