Laura Jewett

Laura Jewett

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Closed

$1,099,000

($741,227 down)
VA

7224 Margerum Ave, San Diego, CA 92120

3
2
1,750 sqft
PITI Monthly
$1,832.83 /mo

Listing courtesy of: Dawn Lewis, Real Broker

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,616 /mo
$2,566 /mo

What's Special

SHOPPING
SPACIOUS
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
DECK
PATIO
COZY

Foundation Issues. Single-level VIEW home in the desirable neighborhood of Del Cerro! This 3-bedroom, 2-bathroom residence offers 1,750 sqft of living space on a sprawling 17,983 sqft lot. Step inside and be greeted by a spacious open floor plan with vaulted ceilings, custom recessed lighting, ceiling fans, and central AC for year-round comfort. The home is equipped with SOLAR power through a Power Purchase Agreement (PPA), ensuring energy efficiency and lower utility costs. Natural light fills the home, thanks to newer vinyl windows and dual sliding doors, one off the family room and the other from the master bedroom. The family room features a cozy rock fireplace, perfect for relaxing evenings. The kitchen is a dream with rich walnut cabinets, granite countertops, a custom tile backsplash, and an eat-at bar. Stainless steel appliances, including a refrigerator, dishwasher, stove, and microwave, making meal prep a breeze. The large master bedroom boasts dual closets and access to a private deck, while the en-suite bathroom includes a walk-in shower with custom tile surround. Ceiling fans are installed in all bedrooms for added comfort. The backyard is an entertainer's delight with amazing west-facing views, a large, covered patio, a fire pit, a deck, and a spacious turf grass area. Additional yard space offers endless possibilities. The front yard features a two-car garage, RV parking, and a low-maintenance turf lawn. Conveniently located near shopping, restaurants, and top-rated schools, this home is a true gem!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.07
Remaining Loan Term
26 years, 9 months
Monthly PITI
$1,832.83/mo
Estimated Loan Balance
$359,865
Cash to close
$741,227
Interest Paid
$36,646

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric, FamilyRoom, PrimaryBedroom
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1978
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Del Cerro
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: San Diego

Financial Details

  • Price per Sqft: $628
  • Tax Annual Amount: $
  • On Market Date: 2024-10-10T00:00:00.000Z
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 $741,227 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $741,227!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$357,773
Your Cash:$741,227
Total Purchase Price:$1,099,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,616/mo
Traditional @ 7.5%
$2,662/mo
You save $1,046/month ($12,546/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 240024111SD

Listing From:

Last updated: 2024-12-05T05:07:53.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,616 /mo
$2,566 /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 $741,227 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $741,227!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$357,773
Your Cash:$741,227
Total Purchase Price:$1,099,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,616/mo
Traditional @ 7.5%
$2,662/mo
You save $1,046/month ($12,546/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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