Laura Jewett

Laura Jewett

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Closed

$399,900

($196,914 down)
FHA

53612 Eisenhower Drive, La Quinta, CA 92253

3
1
996 sqft
PITI Monthly
$1,339.57 /mo

Listing courtesy of: Nathaniel Moulton, Lux Box Agency

Assumed Rate

3.69%
7.15%

Principal & Interest

$1,031 /mo
$1,514 /mo

What's Special

LOCATION
SERENE
MODERN
VAULTED CEILINGS
HOME OFFICE
CHARMING

Back on the market! **Assumable 3% FHA loan! Nestled in the serene La Quinta Cove neighborhood, this charming mid-century modern ranch-style home offers a unique blend of timeless design and incredible potential. Featuring vaulted ceilings and character-rich brick walls throughout, this home is a blank canvas awaiting your creative touch. The front yard is graced by a mature olive tree that not only enhances the curb appeal but also produces delicious olives each season. The expansive backyard offers ample space for entertaining, with room to add a pool and create your dream outdoor oasis. Additionally, the detached casita is a flexible space that could be transformed into a guest retreat, home office, or even an income-producing rental unit. This home is the perfect opportunity for someone looking to reimagine and customize their perfect desert retreat. With its mid-century charm, desirable location, and endless possibilities, this property is the perfect canvas to create something truly special.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.69
Remaining Loan Term
24 years, 8 months
Monthly PITI
$1,339.57/mo
Estimated Loan Balance
$235,596
Cash to close
$196,914
Interest Paid
$41,868

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom, WoodBurning
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1955
Details
  • Builder:

Community & HOA

Community
  • Subdivision: La Quinta Cove
  • Features: Park
HOA
  • Has HOA: No
Location
  • Region: La Quinta

Financial Details

  • Price per Sqft: $401.51
  • Tax Annual Amount: $4998.75
  • On Market Date: 2024-08-23T00:00:00.000Z
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 $196,914 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $196,914!

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

Loan Breakdown

Assumed Mortgage3.69% Sellers Rate
$202,986
Your Cash$196,914
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 3.69%
$1,031/mo
Traditional @ 7.5%
$1,571/mo
You save $540/month ($6,481/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 219115689PS

Listing From:

Last updated: 2025-02-21T20:02:06.000Z

© , 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

3.69%
7.15%

Principal & Interest

$1,031 /mo
$1,514 /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 $196,914 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $196,914!

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

Loan Breakdown

Assumed Mortgage3.69% Sellers Rate
$202,986
Your Cash$196,914
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 3.69%
$1,031/mo
Traditional @ 7.5%
$1,571/mo
You save $540/month ($6,481/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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