Laura Jewett

Laura Jewett

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Closed

$779,900

($312,495 down)
FHA

711 E Clark Street, Redlands, CA 92374

5
3
1,497 sqft
PITI Monthly
$4,033.89 /mo

Listing courtesy of: CHRIS CROW, WINDERMERE TOWER PROPERTIES

Assumed Rate

5.23%
7.15%

Principal & Interest

$2,663 /mo
$3,264 /mo

What's Special

LOCATION
OPEN CONCEPT
DESIRED
SPACIOUS
MODERN
CHARMING
RENTAL INCOME

R-A-D-I-A-N-T in every light ... located downtown with 2 HOMES on 1 lot, a 2 car garage + FLEX COMMERCIAL ZONING that allows for BUSINESS opportunities -- you're not going to want to miss this one! A BRAND NEW detached ADU was just completed with final permitting to be granted before the close of escrow, but let's start at the beginning! A spellbinding updated 1924 cottage greets you from your downtown location and beckons further exploration - welcoming you past your white picket fence and onto your front viewing porch, where you can't help but feel that vibrant Redlands energy. The main home consists of 3 bedrooms and 2 bathrooms - which has been thoughtfully designed to fully take advantage of every square inch! Some special features included are: a recent earthquake retrofitting, window shutters, newer interior paint, ceiling fans throughout the home and 4 mini split systems which can be customized independently to provide individualized climate comfort! A modern kitchen anchors the home and is punctuated with classic materials and an eye-catching charcoal accent wall molding. Both secondary bedrooms are connected with a retro full bathroom while the primary suite enjoys its own privacy and access to the backyard. The detached BRAND NEW ADU is comprised of 2 spacious bedrooms and 1 full bathroom with an open concept living/kitchen design that will make any occupant feel right at home! Attached to the ADU is a 2 car garage - allowing for additional design options and expansion if so desired (check with the city for possibilities). If all of that wasn't enough ... the property is located in the Redlands Transit Villages Specific Plan and can facilitate a plethora of commercial spaces (buyer to verify specific uses), some of the many allowable land uses are: administrative/professional, animal services, general merchandise/retail trade, alcohol beverage sales, personal services, residential/lodging, medical/health services, public facilities/utilities, food/restaurant/eating establishments ... just to name a few! Your prime downtown location grants you full access to all of the year round magic present in this charming city and is in close proximity to the University of Redlands, ESRI and freeway for commuters. This is truly a REMARKABLE property - the likes that rarely become available and which can provide RENTAL INCOME, MULTI-GEN LIVING & BUSINESS OPPORTUNITIES! This is the one you've been waiting for!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.23
Remaining Loan Term
27 years, 4 months
Monthly PITI
$4,033.89/mo
Estimated Loan Balance
$470,493
Cash to close
$312,495
Interest Paid
$66,149

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ductless
  • Heating: Ductless
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Electric, LivingRoom
  • 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: MixedUse
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1924
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $520.98
  • Tax Annual Amount: $9748.75
  • On Market Date: 2024-10-02T00:00:00.000Z
Inquire about this property

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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 $312,495 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $312,495!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$467,405
Your Cash$312,495
Total Purchase Price:$779,900

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$2,663/mo
Traditional @ 7.5%
$3,386/mo
You save $723/month ($8,678/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG24204429

Listing From:

Last updated: 2024-10-19T21:37:41.000Z

© , 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

5.23%
7.15%

Principal & Interest

$2,663 /mo
$3,264 /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 $312,495 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $312,495!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$467,405
Your Cash$312,495
Total Purchase Price:$779,900

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$2,663/mo
Traditional @ 7.5%
$3,386/mo
You save $723/month ($8,678/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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