Laura Jewett

Laura Jewett

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$750,000

($0 down)*
FHA

Potential short sale please verify with your agent.

505 W Groverdale Street, Covina, CA 91722

3
1
1,027 sqft
PITI Monthly
$5,663.45 /mo

Listing courtesy of: Patricia LaFosse, Re/Max Champions

Assumed Rate

2.88%
7.15%

Principal & Interest

$3,986 /mo
$6,484 /mo

What's Special

ENTERTAINMENT
CUL-DE-SAC
SOLAR PANELS

Covina Cutie Nestled on a Quiet Cul-De-Sac, this delightful home is an excellent choice as a Starter Home, Downsizing Home or Money-Making Rental. Boasting 3 well-proportioned bedrooms and 1 full bathroom. One of the standouts features of this home is the Solar Panels installed in 2022 which significantly saves energy. Other Newer Upgrades to property are Roof, HVAC, Electrical panel in 2022, Laminate Flooring 2023. This spacioius lot has extra space for RV parking or storing off-road toys and gated for extra security. There is fun for all ages near the new and improved Hollenbeck Park with amenities such as Baseball Fields, Soccer Fields, Basketball and Pickleball courts, Children's Play Areas, access to green spaces perfect for leisurely walks, family outings, and outdoor activities. Near downtown Covina with a variety of unique Shops, Businesses, Restaurants, and Entertainment venues. Easy access to 210/57/10 Fwys, Metrolink Station, walkable streets, Azusa Pacific University, Citrus College, Hospitals. Don't miss the opportunity to make this delightful house your new home. Contact us today to arrange a viewing and take the first step toward owning a property that perfectly balances comfort, sustainability, and convenience.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.88
Remaining Loan Term
26 years, 8 months
Monthly PITI
$5,663.45/mo
Estimated Loan Balance
$895,019
Cash to close
$0
Interest Paid
$88,914

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Block, WroughtIron
Roof
  • Roof: Shingle
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: Shingle
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Gutters, StreetLights, Suburban, Sidewalks, Park
HOA
  • Has HOA: No
Location
  • Region: Covina

Financial Details

  • Price per Sqft: $730.28
  • Tax Annual Amount: $9375
  • On Market Date: 2025-03-26T00:00:00.000Z
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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$750,000
Your Cash$0
Total Purchase Price:$750,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,986/mo
Traditional @ 7.5%
$6,726/mo
You save $2,740/month ($32,881/year)

*Secondary financing rates are an estimated value based on input

MLS ID: TR25050058

Listing From:

Last updated: 2025-04-04T01:50:10.000Z

© , 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

2.88%
7.15%

Principal & Interest

$3,986 /mo
$6,484 /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 $0 (0%)
You can enter any amount below - secondary financing will cover the difference if needed.
0%
$

You cover the entire equity of $0!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$750,000
Your Cash$0
Total Purchase Price:$750,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,986/mo
Traditional @ 7.5%
$6,726/mo
You save $2,740/month ($32,881/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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