Laura Jewett

Laura Jewett

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Closed

$625,000

($31,355 down)
FHA

8380 Gramercy Place, Riverside, CA 92503

4
2
1,236 sqft
PITI Monthly
$4,427.1 /mo

Listing courtesy of: Blake Lammers, Park Group Real Estate

Assumed Rate

6.54%
7.15%

Principal & Interest

$3,833 /mo
$4,079 /mo

What's Special

RENOVATED
LUXURY

Welcome into 8380 Gramercy Place! The moment you pull up to this property you will notice the fresh look with the popping white exterior! Once you step inside you will be greeted with a chef inspired kitchen giving it that luxury feel but yet still functional! As you progress through the home a few more features you notice is the recessed lighting throughout, like new flooring, updated luxury bathrooms, and the epoxy flooring in the garage! This home was fully renovated about a year ago and it shows like a model home! Not only are you getting a gorgeous home, but once you step into the private oasis of a backyard, you will know this is the one!! The backyard also boasts a mature fruit tree ready for you and your family to enjoy! At this price the value you are getting will not be beat!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.54
Remaining Loan Term
28 years, 1 months
Monthly PITI
$4,427.1/mo
Estimated Loan Balance
$596,002
Cash to close
$31,355
Interest Paid
$74,918

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: 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: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Gutters, StormDrains, StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Riverside

Financial Details

  • Price per Sqft: $505.66
  • Tax Annual Amount: $
  • On Market Date: 2024-10-31T00:00:00.000Z
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 $31,355 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $31,355!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$593,645
Your Cash$31,355
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$3,833/mo
Traditional @ 7.5%
$4,231/mo
You save $398/month ($4,774/year)

*Secondary financing rates are an estimated value based on input

MLS ID: TR24223346

Listing From:

Last updated: 2025-01-16T01:18:54.000Z

© , 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

6.54%
7.15%

Principal & Interest

$3,833 /mo
$4,079 /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 $31,355 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $31,355!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$593,645
Your Cash$31,355
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$3,833/mo
Traditional @ 7.5%
$4,231/mo
You save $398/month ($4,774/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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