Laura Jewett

Laura Jewett

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$304,900

($66,213 down)
FHA

7524 Olivine Road, Phelan, CA 92371

3
2
1,600 sqft
PITI Monthly
$1,675.13 /mo

Listing courtesy of: Edgar Serratos, All SoCal Homes

Assumed Rate

5.22%
7.15%

Principal & Interest

$1,351 /mo
$1,658 /mo

What's Special

SERENE
ENTERTAINMENT
SPACIOUS
GRANITE COUNTERTOPS
HOME OFFICE
CHARMING
COZY
EFFICIENT

Escape to Tranquility: Your Dream Home in Phelan, CA. Discover the perfect blend of comfort and convenience in this charming 3-bedroom, 2-bathroom home nestled in the serene town of Phelan, CA. This spacious residence offers a unique opportunity to enjoy the peace and quiet of country living, while still being within easy reach of major cities and outdoor adventures. Prepare delicious meals in your open kitchen, featuring granite countertops. Unwind in your bathrooms, complete with a convenient walk-in bathtub. The converted 2-car garage provides a cozy and inviting multi-purpose room, perfect for a home office, entertainment area, or hobby space. Energy-Efficient Living: The recently updated roof and HVAC system, combined with the solar power system, ensures low utility bills and a sustainable lifestyle. Phelan is a hidden gem in the High Desert, offering a tranquil escape from the hustle and bustle of city life. Enjoy the stunning natural beauty of the surrounding mountains and desert landscapes, perfect for hiking, camping, and off-road adventures. With easy access to major highways, Phelan is conveniently located near popular destinations such as Big Bear Lake, Lake Arrowhead, and Joshua Tree National Park. The seller has priced this home below recently sold similar homes which makes this a tremendous value for a smart buyer. Don't miss this tremendous opportunity to own your piece of the High Desert with this New Improved Price!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.22
Remaining Loan Term
27 years, 10 months
Monthly PITI
$1,675.13/mo
Estimated Loan Balance
$240,840
Cash to close
$66,213
Interest Paid
$27,354

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: LivingRoom
  • Flooring: SeeRemarks

Exterior

Fencing
  • Fencing: ChainLink, CrossFenced
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: ManufacturedOnLand
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1993
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Phelan

Financial Details

  • Price per Sqft: $190.56
  • Tax Annual Amount: $3811.25
  • On Market Date: 2024-12-05T00:00:00.000Z
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 $66,213 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $66,213!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$238,687
Your Cash$66,213
Total Purchase Price:$304,900

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$1,351/mo
Traditional @ 7.5%
$1,720/mo
You save $369/month ($4,426/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24245228

Listing From:

Last updated: 2025-04-03T06:10:18.000Z

© , 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

$1,351 /mo
$1,658 /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 $66,213 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $66,213!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$238,687
Your Cash$66,213
Total Purchase Price:$304,900

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$1,351/mo
Traditional @ 7.5%
$1,720/mo
You save $369/month ($4,426/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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