Laura Jewett

Laura Jewett

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Closed

$774,999

($118,639 down)
FHA

469 Velasco Drive, San Jose, CA 95123

3
2
1,156 sqft
PITI Monthly
$4,390.72 /mo

Listing courtesy of: Adrian L Lopez, Vargestate Inc.

Assumed Rate

2.76%
7.15%

Principal & Interest

$2,870 /mo
$4,742 /mo

What's Special

DINING
SPACIOUS

Beautifully updated townhouse nestled in the heart of San Jose. This inviting residence offers a perfect blend of classic charm and contemporary convenience, ideal for comfortable living and entertaining. As you enter, you're greeted by a bright and airy living space featuring large windows that bathe the living room in natural light. The floor plan seamlessly connects the living area to the dining space, waiting for your personal touch. The home features three spacious bedrooms, each with generous closet space and plenty of natural light. Enjoy the benefits of your own fenced backyard, already cemented for easy maintenance. Additional highlights of this property include a two-car carport, central heating and cooling, and easy access to local amenities, schools, and parks. Located in a friendly neighborhood with a strong sense of community, the home provides the perfect balance of comfort and convenience. This is a corner unit and has parking in front and assigned parking in the carport directly behind the condo.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.76
Remaining Loan Term
26 years, 6 months
Monthly PITI
$4,390.72/mo
Estimated Loan Balance
$657,717
Cash to close
$118,639
Interest Paid
$65,255

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: ForcedAir
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 2
  • Home type: Townhouse
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Blossom Hill Homes / Shoreland PM
  • HOA Amenities: Unknown
  • HOA Fee: $285
  • HOA Frequency: $Monthly
Location
  • Region: San Jose

Financial Details

  • Price per Sqft: $670.41
  • Tax Annual Amount: $9687.49
  • On Market Date: 2024-09-25T00:00:00.000Z
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 $118,639 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $118,639!

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

Loan Breakdown

Assumed Mortgage2.76% Sellers Rate
$656,360
Your Cash$118,639
Total Purchase Price:$774,999

Assumed vs Traditional Mortgage

Assumed @ 2.76%
$2,870/mo
Traditional @ 7.5%
$4,918/mo
You save $2,049/month ($24,584/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ML81980520

Listing From:

Last updated: 2024-12-05T04:35:45.000Z

© , 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

2.76%
7.15%

Principal & Interest

$2,870 /mo
$4,742 /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 $118,639 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $118,639!

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

Loan Breakdown

Assumed Mortgage2.76% Sellers Rate
$656,360
Your Cash$118,639
Total Purchase Price:$774,999

Assumed vs Traditional Mortgage

Assumed @ 2.76%
$2,870/mo
Traditional @ 7.5%
$4,918/mo
You save $2,049/month ($24,584/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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