Laura Jewett

Laura Jewett

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Closed

$639,900

($357,376 down)
FHA

82229 Valencia Avenue, Indio, CA 92201

N/A
N/A
sqft
PITI Monthly
$2,350.26 /mo

Listing courtesy of: Christopher Scott, Valley Peak Property Mgmt.

Assumed Rate

2.96%
7.15%

Principal & Interest

$1,280 /mo
$2,062 /mo

What's Special

PATIO

Nothing like it on the market! This well managed and maintained 3-Unit (Triplex) is a perfect addition or start to your portfolio. So much has been taken care of for you in the last few years including: Exterior completely painted, new Steel Gates & Fencing installed, new Windows, new Desert Landscaping, new water heaters, and two new HVAC units. The property consists of one (1) 2 bedroom, 1 bathroom unit (Front House, detached) and two (2) 1 bedroom, 1 bathroom units (attached) located in the back building. The front house and back building are separated by a beautiful, and water conscious courtyard. Each unit has their own fenced private patio. There are two storage sheds that can be used as an additional revenue source or owners storage. Each unit is individually metered for electricity and gas, and there is one main water meter (owner currently pays water). This property receives routine maintenance to the mechanical systems and monthly pest control. Tenants are long term, on leases (not MTM) with good rents. Great existing relationship with tenants and the monthly operating expenses are very low. This really is an amazing opportunity any way you look at it. Please do not disturb tenants and do not walk on the property, Call/Text for appointment availability.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.96
Remaining Loan Term
26 years, 3 months
Monthly PITI
$2,350.26/mo
Estimated Loan Balance
$283,687
Cash to close
$357,376
Interest Paid
$32,548

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms: 0
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, NaturalGas
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 1
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Sun Gold
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Indio

Financial Details

  • Price per Sqft: $639,900
  • Tax Annual Amount: $8248.75
  • On Market Date: 2024-12-03T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $357,376 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $357,376!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$282,524
Your Cash:$357,376
Total Purchase Price:$639,900

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,280/mo
Traditional @ 7.5%
$2,139/mo
You save $858/month ($10,298/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 219120828DA

Listing From:

Last updated: 2025-01-14T15:13:37.000Z

© , 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

2.96%
7.15%

Principal & Interest

$1,280 /mo
$2,062 /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 $357,376 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $357,376!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$282,524
Your Cash:$357,376
Total Purchase Price:$639,900

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,280/mo
Traditional @ 7.5%
$2,139/mo
You save $858/month ($10,298/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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