Laura Jewett

Laura Jewett

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$515,000

($308,895 down)
FHA

711 Illinois Street, Vallejo, CA 94590

4
2
2,532 sqft
PITI Monthly
$2,105.6 /mo

Listing courtesy of: Candelaria Alanis, RE/MAX Gold Lake County

Assumed Rate

3.84%
7.15%

Principal & Interest

$1,218 /mo
$1,757 /mo

What's Special

INVESTORS
SPACIOUS
HARDWOOD FLOORS
FINISHED BASEMENT
FENCED YARD
PUBLIC TRANSPORTATION
CHARMING
INCOME POTENTIAL
RENTAL INCOME

Charming 4-Bedroom Home with Income Potential in Vallejo Welcome to 711 Illinois St, a spacious 2,532 sq ft property with fantastic renovation potential in Vallejo. This two-story home features 4 bedrooms and 2 bathrooms, offering plenty of space for families or investors looking for rental income opportunities. The main floor showcases beautiful hardwood floors throughout, with two comfortable bedrooms and a full bathroom. You'll also find a convenient laundry room and an attached one-car garage for secure parking and storage. What makes this property special is the finished basement, which is perfect for generating rental income. The lower level includes two additional bedrooms, a full bathroom, and its own kitchen—essentially creating a separate living space that could help offset your mortgage payments. The fully fenced yard provides privacy and security, ideal for pets and outdoor gatherings. While the home does need some repairs, it presents an exciting opportunity for someone ready to put their personal touch on a property with great bones. The neighborhood offers excellent amenities within walking distance. Independent Study Academy is just a few blocks away, Amador Park is within a 10-minute walk, and public transportation is accessible with the Sonoma Blvd & Redwood St bus station nearby. This is more than just a house - it's a chance to create your dream home while potentially earning rental income from the basement unit. Don't miss this opportunity to invest in your future in a developing area of Vallejo.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.84
Remaining Loan Term
20 years, 3 months
Monthly PITI
$2,105.6/mo
Estimated Loan Balance
$208,872
Cash to close
$308,895
Interest Paid
$87,906

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1935
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Vallejo

Financial Details

  • Price per Sqft: $203.4
  • Tax Annual Amount: $6437.5
  • On Market Date: 2025-03-22T00:00:00.000Z
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 $308,895 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $308,895!

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

Loan Breakdown

Assumed Mortgage3.84% Sellers Rate
$206,105
Your Cash:$308,895
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.84%
$1,218/mo
Traditional @ 7.5%
$1,823/mo
You save $605/month ($7,254/year)

*Secondary financing rates are an estimated value based on input

MLS ID: LC25063008

Listing From:

Last updated: 2025-03-24T16:32:24.000Z

© , 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

3.84%
7.15%

Principal & Interest

$1,218 /mo
$1,757 /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 $308,895 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $308,895!

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

Loan Breakdown

Assumed Mortgage3.84% Sellers Rate
$206,105
Your Cash:$308,895
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 3.84%
$1,218/mo
Traditional @ 7.5%
$1,823/mo
You save $605/month ($7,254/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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