Laura Jewett

Laura Jewett

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Closed

$575,000

($277,241 down)
VA

6930 Malibu Drive, Riverside, CA 92504

3
2
1,312 sqft
PITI Monthly
$1,828.5 /mo

Listing courtesy of: Annie Hernaez, Keller Williams Realty

Assumed Rate

3.97%
7.15%

Principal & Interest

$1,662 /mo
$2,360 /mo

What's Special

LOCATION
MINUTES AWAY
DINING
FIREPLACE
COZY
NO HOA

Welcome to 6930 Malibu Dr! A Prime location in Riverside in a quiet, mature neighborhood awaits you. The three-bedroom one and a one-and-a-half-bath bath home is situated on a large lot with a detached garage. It is perfect for an ADU conversion and can easily become an income property. Upon entry, you feel at home with a cozy family room open to the dining room. White built-ins and the brick around the fireplace contrast the grey-toned walls. The vinyl wood flooring runs throughout the property for a warm, free flow. Ceiling fans are in all bedroom spaces. The hall bathroom has a separate tub and walk-in shower. A guest half bath sits opposite the bedrooms for a more private room. The kitchen is clean, with white cabinets, ceramic tiled floors, countertops, and backsplash. All of the appliances stay, including the refrigerator. The kitchen also features a quaint nook for your morning coffee and daily devotions. The backyard is large with citrus trees. There is much room for a pool or playhouse. The long driveway can accommodate multiple cars or maybe turn it into RV parking. There are endless possibilities and a great opportunity to make this home yours in the beautiful City of Riverside for an even better price! NO HOA and low taxes. Only minutes away from 91 freeway, Malls, and University.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.97
Remaining Loan Term
22 years, 5 months
Monthly PITI
$1,828.5/mo
Estimated Loan Balance
$301,772
Cash to close
$277,241
Interest Paid
$97,595

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Unknown

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: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1954
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Riverside

Financial Details

  • Price per Sqft: $438.26
  • Tax Annual Amount: $7187.5
  • On Market Date: 2025-01-03T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $277,241 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $277,241!

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

Loan Breakdown

Assumed Mortgage3.97% Sellers Rate
$297,759
Your Cash$277,241
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.97%
$1,662/mo
Traditional @ 7.5%
$2,448/mo
You save $786/month ($9,428/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG25001082

Listing From:

Last updated: 2025-02-07T21:39:38.000Z

© , 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

3.97%
7.15%

Principal & Interest

$1,662 /mo
$2,360 /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 $277,241 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $277,241!

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

Loan Breakdown

Assumed Mortgage3.97% Sellers Rate
$297,759
Your Cash$277,241
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.97%
$1,662/mo
Traditional @ 7.5%
$2,448/mo
You save $786/month ($9,428/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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