Laura Jewett

Laura Jewett

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Closed

$475,000

($124,577 down)
FHA

838 A St, Ramona, CA 92065

1
1
666 sqft
PITI Monthly
$2,494.56 /mo

Listing courtesy of: Jon Erro, Redfin Corporation

Assumed Rate

2.77%
7.15%

Principal & Interest

$1,563 /mo
$2,580 /mo

What's Special

AFFORDABLE

Back on the Market, no fault of the property. Purchase the home with as little as 5% down and assumable sellers FHA mortgage of $350k @ 2.175% interest rate! Call about second mortgage option with as little as 5% down. Adorable cottage home in Ramona’s walkable Downtown Village District. Recent updates include new roof, new exterior paint, and Tesla solar & battery system. Windows, doors, flooring and driveway have all been installed since 2016. Fully fenced and cross fenced with the iconic “white picket fence” at the street. Large mature shade trees on the property. Not included in the permitted sqft are a laundry room attached at the back of the home and a separate storage building with 2 rooms used for storage currently. This home is located in the RMV4 zone allowing it to be used for residential or commercial. Large 7800 sqft lot could permit an additional unit to be constructed in the back of the property. Assumable FHA loan of $350k @ 2.175% interest rate makes this home very affordable!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.77
Remaining Loan Term
25 years, 9 months
Monthly PITI
$2,494.56/mo
Estimated Loan Balance
$444,917
Cash to close
$124,577
Interest Paid
$42,882

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Electric, SeeRemarks
Features
  • Materials: WoodSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Tile

Exterior

Fencing
  • Fencing: NewCondition, Wood
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • 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
  • WoodSiding
  • Roof: Shingle
Condition
  • Year Built: 1930
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Ramona
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Ramona

Financial Details

  • Price per Sqft: $713.21
  • Tax Annual Amount: $5937.5
  • On Market Date: 2024-07-01T00:00:00.000Z
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 $124,577 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $124,577!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$350,423
Your Cash$124,577
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,563/mo
Traditional @ 7.5%
$2,676/mo
You save $1,113/month ($13,351/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 240014317SD

Listing From:

Last updated: 2025-04-02T18:38:08.000Z

© , 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

2.77%
7.15%

Principal & Interest

$1,563 /mo
$2,580 /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 $124,577 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $124,577!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$350,423
Your Cash$124,577
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,563/mo
Traditional @ 7.5%
$2,676/mo
You save $1,113/month ($13,351/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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