Laura Jewett

Laura Jewett

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Closed

$499,000

($52,500 down)
FHA

850 E San Bernardino Avenue, Redlands, CA 92374

3
2
1,304 sqft
PITI Monthly
$3,014.37 /mo

Listing courtesy of: John Botello, Keller Williams SELA

Assumed Rate

2.84%
7.15%

Principal & Interest

$1,987 /mo
$3,250 /mo

What's Special

SPACIOUS
IRRIGATION SYSTEM
HISTORIC
CHARMING
EFFICIENT

Welcome to 850 E San Bernardino in the City of Redlands, California! This charming single-family residence, built in 1978, features 3 bedroom and 2 bathrooms with spacious open layout. House has brand new flooring, a new roof was installed less then 4 years ago and centralized HVAC system. Front yard has water-efficient landscaping set up with a drip irrigation system. This home is minutes from Downtown Redlands and approximately 60 miles east of Los Angeles. Redlands is know for its historical architecture, citrus groves and close proximity of the San Bernardino Mountains. The area is also well-served by local amenities, schools, parks and close to major highways.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 6 months
Monthly PITI
$3,014.37/mo
Estimated Loan Balance
$453,865
Cash to close
$52,500
Interest Paid
$46,039

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: 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: 1978
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Suburban
HOA
  • Has HOA: No
Location
  • Region: Redlands

Financial Details

  • Price per Sqft: $382.67
  • Tax Annual Amount: $6237.5
  • On Market Date: 2025-01-17T00:00:00.000Z
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 $52,500 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
$

You cover the entire equity of $52,500!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$446,500
Your Cash$52,500
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,987/mo
Traditional @ 7.5%
$3,371/mo
You save $1,384/month ($16,602/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW25009185

Listing From:

Last updated: 2025-02-26T19:33:00.000Z

© , 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

2.84%
7.15%

Principal & Interest

$1,987 /mo
$3,250 /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 $52,500 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
$

You cover the entire equity of $52,500!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$446,500
Your Cash$52,500
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,987/mo
Traditional @ 7.5%
$3,371/mo
You save $1,384/month ($16,602/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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