Laura Jewett

Laura Jewett

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Closed

$549,999

($48,860 down)
FHA

66031 Avenida Barona, Desert Hot Springs, CA 92240

3
2
1,504 sqft
PITI Monthly
$3,940.79 /mo

Listing courtesy of: Martin Marquez, eXp Realty of California Inc.

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,837 /mo
$3,482 /mo

What's Special

INVESTORS
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
FIREPLACE
GAME ROOM
DECK
COZY
EFFICIENT

Hey there, savvy investors and future homeowners! Are you on the hunt for your next big investment or the perfect forever home? Look no further because this gem in Desert Hot Springs is the opportunity you've been waiting for. This property isn't just another pretty face—it's currently raking in over six figures in Airbnb revenue annually! And if you’re a first-time buyer, you might be able to take advantage of a lower interest rate as the current loan is assumable. This meticulously maintained and upgraded home, where over $75k has been invested to make it truly one-of-a-kind. As you walk through, you’ll notice tons of natural light with dual-pane windows keep the home cozy and energy-efficient. Tile floors throughout give the home a sleek, modern feel while being easy to maintain. The kitchen is a chef's dream with its modern appliances, granite countertops, an island, and a designated dining area. Laundry in the unit makes daily chores a breeze. Imagine stepping into a fantastic game room and a fully finished garage, perfect for hosting or simply relaxing. The smart home system is already installed, making your life easier and more connected from day one. Spacious bedrooms, each separated for maximum privacy. There are two living areas, featuring a cozy fireplace. Step outside and you'll find the showstopper—a stunning pool and waterfall spa. Both feature new PebbleTec coating and a non-slip pool deck. For added convenience, there’s even an outdoor shower to rinse off after your pool fun. You can either continue the highly successful Airbnb business with the current Super Host or simply move in and make this your dream home. REACH OUT TODAY!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$3,940.79/mo
Estimated Loan Balance
$534,909
Cash to close
$48,860
Interest Paid
$66,099

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: LivingRoom
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: Private

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2002
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Suburban, Urban
HOA
  • Has HOA: No
Location
  • Region: Desert Hot Springs

Financial Details

  • Price per Sqft: $365.69
  • Tax Annual Amount: $6874.99
  • On Market Date: 2024-07-11T00:00:00.000Z
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 $48,860 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $48,860!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$501,139
Your Cash$48,860
Total Purchase Price:$549,999

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,837/mo
Traditional @ 7.5%
$3,611/mo
You save $774/month ($9,294/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24140588

Listing From:

Last updated: 2024-09-30T18:03:38.000Z

© , 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

$2,837 /mo
$3,482 /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 $48,860 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $48,860!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$501,139
Your Cash$48,860
Total Purchase Price:$549,999

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,837/mo
Traditional @ 7.5%
$3,611/mo
You save $774/month ($9,294/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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