Laura Jewett

Laura Jewett

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Closed

$569,000

($320,330 down)
FHA

468 Patrick Drive, El Cajon, CA 92019

3
2
1,152 sqft
PITI Monthly
$1,958.46 /mo

Listing courtesy of: Daniel Ellison, Keller Williams Realty

Assumed Rate

4.34%
7.15%

Principal & Interest

$1,568 /mo
$2,130 /mo

What's Special

MOUNTAIN VIEWS
RENTAL INCOME

Selling as-is. Great opportunity for an investor or handy owner-occupied buyer. Property has an unpermited addition that the buyer will have to take on and can be possibly permitted. Very private and secluded 3 bedroom 2 bath original permitted area of home sits on a generous .5 acre lot in the country with stunning mountain views and ample space for all your needs. In addition to the main living quarters, this property includes an umpermitted addition that adds another bedroom, bathroom, and living area. Buyer to investigate and repair/resolve any issues related to the unpermitted area on their own. Perfect for storage, guests, or a partial rental income opportunity. Don't miss the opportunity to own this exceptional property and make it your own.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.34
Remaining Loan Term
19 years, 1 months
Monthly PITI
$1,958.46/mo
Estimated Loan Balance
$293,323
Cash to close
$320,330
Interest Paid
$133,967

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Concrete, Tile, Vinyl, Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • 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: 1993
Details
  • Builder:

Community & HOA

Community
  • Subdivision: El Cajon
  • Features: Biking, Foothills, Rural
HOA
  • Has HOA: No
Location
  • Region: El Cajon

Financial Details

  • Price per Sqft: $493.92
  • Tax Annual Amount: $
  • On Market Date: 2024-06-14T00:00:00.000Z
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 $320,330 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $320,330!

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

Loan Breakdown

Assumed Mortgage4.34% Sellers Rate
$248,670
Your Cash:$320,330
Total Purchase Price:$569,000

Assumed vs Traditional Mortgage

Assumed @ 4.34%
$1,568/mo
Traditional @ 7.5%
$2,210/mo
You save $641/month ($7,697/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ND24121130

Listing From:

Last updated: 2024-12-05T03:41:34.000Z

© , 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

4.34%
7.15%

Principal & Interest

$1,568 /mo
$2,130 /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 $320,330 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $320,330!

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

Loan Breakdown

Assumed Mortgage4.34% Sellers Rate
$248,670
Your Cash:$320,330
Total Purchase Price:$569,000

Assumed vs Traditional Mortgage

Assumed @ 4.34%
$1,568/mo
Traditional @ 7.5%
$2,210/mo
You save $641/month ($7,697/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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