Laura Jewett

Laura Jewett

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Closed

$750,000

($373,154 down)
FHA

5431 Bancroft Ave, Oakland, CA 94601

N/A
N/A
sqft
PITI Monthly
$2,200.33 /mo

Listing courtesy of: Michell Nunez, INVEST IN THE BAY

Assumed Rate

2.83%
7.15%

Principal & Interest

$1,693 /mo
$2,772 /mo

What's Special

SHOPPING
PUBLIC TRANSPORTATION

Beautifully updated with brand new appliances in both units, this meticulously cared for duplex is just minutes from Mills College at Northeastern University. The large and roomy three bedroom/two bath units boast open layouts and almost identical floor plans. The upstairs unit has great views and the downstairs unit is level in for easy living. Both units are turn key and ready to be rented or called home. The iron fence and large lot provide privacy and generous parking on the side and in the rear. Located between the 580 and 880 with tons of public transportation and shopping in the area this property makes for a wonderful investment or home or both.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.83
Remaining Loan Term
25 years, 8 months
Monthly PITI
$2,200.33/mo
Estimated Loan Balance
$394,878
Cash to close
$373,154
Interest Paid
$47,972

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms: 0
Cooling & Heating
  • Cooling: SeeRemarks
  • Heating: SeeRemarks
Features
  • Materials: SeeRemarks
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

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

Construction

Type & Style
  • Stories:
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • SeeRemarks
  • Roof: Unknown
Condition
  • Year Built: 1920
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Oakland

Financial Details

  • Price per Sqft: $750,000
  • Tax Annual Amount: $
  • On Market Date: 2024-04-10T00:00:00.000Z
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 $373,154 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $373,154!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$376,846
Your Cash$373,154
Total Purchase Price:$750,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$1,693/mo
Traditional @ 7.5%
$2,875/mo
You save $1,182/month ($14,189/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 41052294

Listing From:

Last updated: 2024-12-05T00:47:33.000Z

© , 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

2.83%
7.15%

Principal & Interest

$1,693 /mo
$2,772 /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 $373,154 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $373,154!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$376,846
Your Cash$373,154
Total Purchase Price:$750,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$1,693/mo
Traditional @ 7.5%
$2,875/mo
You save $1,182/month ($14,189/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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