Laura Jewett

Laura Jewett

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Closed

$600,000

($274,271 down)
VA

5221 S Reed Avenue, Reedley, CA 93654

3
2
1,426 sqft
PITI Monthly
$2,633.24 /mo

Listing courtesy of: Lisa Melton-Reimer, London Properties- Kingsburg

Assumed Rate

5.22%
7.15%

Principal & Interest

$1,842 /mo
$2,260 /mo

What's Special

SERENE
MINUTES AWAY
MODERN

Escape to the epitome of country living! Nestled just minutes away from the convenience of the 180 Highway and neighboring towns, this captivating property spans 4.43 serene acres. Enter into a fully refurbished home boasting 3 bedrooms and 2 baths, meticulously maintained since its purchase last year. Rest assured with recent inspections including. The heart of the home, a stunning kitchen awaits with upgraded cabinets featuring soft-close hinges, recessed lighting, premium GE appliances, a farmhouse sink, and more. Seamlessly flowing into an open floor plan, the home offers a detached 2-car garage plus carport, equipped with 240v wiring, and a recently replaced domestic pump. Elevating sustainability, a 23-panel Solar System paired with a Tesla Powerwall backup battery panel was installed in 2020, boasting an impressive prepaid plan for 17 years. As the day transitions into dusk, bask in the beauty of the expansive pasture, perfect for cattle or horses, complete with a barn and C-train storage container. Witness breathtaking sunsets over the rolling landscape, embracing the endless potential this property holds. Experience a lifestyle where tranquility meets modern comfort, offering an unparalleled opportunity to call this haven home. Bed and Bath count are different than tax records if important buyer to verify.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
5.22
Remaining Loan Term
27 years, 7 months
Monthly PITI
$2,633.24/mo
Estimated Loan Balance
$326,152
Cash to close
$274,271
Interest Paid
$41,503

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, Fireplaces
Features
  • Materials: WoodSiding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: FairCondition, NeedsRepair, Partial
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • Water Source: Private
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Craftsman
Materials
  • WoodSiding
  • Roof: Unknown
Condition
  • Year Built: 1945
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Foothills
HOA
  • Has HOA: No
Location
  • Region: Reedley

Financial Details

  • Price per Sqft: $420.76
  • Tax Annual Amount: $7500
  • On Market Date: 2024-04-11T00:00:00.000Z
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 $274,271 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $274,271!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$325,729
Your Cash$274,271
Total Purchase Price:$600,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$1,842/mo
Traditional @ 7.5%
$2,344/mo
You save $503/month ($6,033/year)

*Secondary financing rates are an estimated value based on input

MLS ID: FR24071974

Listing From:

Last updated: 2024-10-31T18:53:27.000Z

© , 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

5.22%
7.15%

Principal & Interest

$1,842 /mo
$2,260 /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 $274,271 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $274,271!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$325,729
Your Cash$274,271
Total Purchase Price:$600,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$1,842/mo
Traditional @ 7.5%
$2,344/mo
You save $503/month ($6,033/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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