Laura Jewett

Laura Jewett

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Closed

$898,000

($401,466 down)
VA

5283 Velma Ter, San Diego, CA 92114

3
2
2,293 sqft
PITI Monthly
$3,589.61 /mo

Listing courtesy of: Adam Cato, Anchor Funding, Inc.

Assumed Rate

3.04%
7.15%

Principal & Interest

$2,438 /mo
$3,886 /mo

What's Special

SHOPPING
SPACIOUS
MODERN
RENOVATED
HARDWOOD FLOORS
DECK

Welcome to 5283 Velma Terrace, the epitome of comfort and convenience in this spacious two-story residence, ideally situated in the city of San Diego. Just minutes from downtown, pristine beaches, trendy restaurants, and vibrant shopping districts, this home offers unparalleled accessibility to all that the city has to offer. This recently renovated gem features three generously sized bedrooms and two beautifully updated bathrooms. The home also includes a versatile bonus room on the lower level, which can easily serve as a fourth bedroom or a quiet, dark retreat for those needing a restful environment. The bedroom and living area downstairs would also be ideal for multigenerational living. Once you step inside, you'll notice the freshly painted interiors, elegant hardwood floors, and modern appliances throughout. The updated kitchen and bathrooms are designed with contemporary finishes, enhancing both style and functionality. The home also features an attached two car garage for convenience as well as an oversized newly painted deck ideal for barbeques and get togethers. Set on a large, private lot, this residence provides ample space and privacy, making it a unique find in the neighborhood.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.04
Remaining Loan Term
25 years, 7 months
Monthly PITI
$3,589.61/mo
Estimated Loan Balance
$529,729
Cash to close
$401,466
Interest Paid
$73,669

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1960
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Encanto
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: San Diego

Financial Details

  • Price per Sqft: $391.63
  • Tax Annual Amount: $11225
  • On Market Date: 2024-08-10T00:00:00.000Z
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 $401,466 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $401,466!

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

Loan Breakdown

Assumed Mortgage3.04% Sellers Rate
$496,534
Your Cash$401,466
Total Purchase Price:$898,000

Assumed vs Traditional Mortgage

Assumed @ 3.04%
$2,438/mo
Traditional @ 7.5%
$4,031/mo
You save $1,593/month ($19,111/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 240018869SD

Listing From:

Last updated: 2024-09-12T20:16:10.000Z

© , 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

3.04%
7.15%

Principal & Interest

$2,438 /mo
$3,886 /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 $401,466 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $401,466!

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

Loan Breakdown

Assumed Mortgage3.04% Sellers Rate
$496,534
Your Cash$401,466
Total Purchase Price:$898,000

Assumed vs Traditional Mortgage

Assumed @ 3.04%
$2,438/mo
Traditional @ 7.5%
$4,031/mo
You save $1,593/month ($19,111/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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