Laura Jewett

Laura Jewett

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Closed

$420,000

($101,408 down)
FHA

8850 Tumbleweed Road, Phelan, CA 92371

4
2
1,860 sqft
PITI Monthly
$2,265.81 /mo

Listing courtesy of: Elfidio Gutierrez, New Century Realtors

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,439 /mo
$2,285 /mo

What's Special

LOCATION
SPACIOUS
VAULTED CEILINGS
MATURE TREES
LANDSCAPED
CHARMING

BACK TO MARKET BUYER WAS UNABLE TO CONTINUE WITH THE PURCHASE DUE TO LOAN FINANCES ISSUES & HAS NOT PERFORMED ................... A manufactured home on a permanent foundation awaits you in a desirable location, enveloped by a secure fence. While county records indicate a configuration of 4 bedrooms and 2 baths, the home features a well-designed 3-bedroom and 2-bathroom layout. The interior boasts a spacious open floor plan with a charming wood stove in the living room, complemented by vaulted ceilings that enhance the overall aesthetic. The residence further includes an inviting kitchen, a generously sized laundry room, and ample bedrooms contributing to a comfortable living environment. Outside, the property is adorned with mature trees, thoughtfully landscaped grounds, and well-maintained animal pens. Noteworthy additions to the property are the fencing and an expansive 1200 sq ft RV garage, measuring 30x40x16 ft, featuring a 12x14 door. This RV garage is equipped with 220v for welders, a 30 amp RV plug, and includes a convenient 40ft container. It's a distinctive property that seamlessly combines practicality with attractive features for a comprehensive and enjoyable living experience. THE PROPERTY HAS .... ***400 amp electrical panel upgrade*** FOR USE FOR INDUSTRIAL, COMERCIAL OR AGRICULTURAL PROJECTS

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$2,265.81/mo
Estimated Loan Balance
$319,836
Cash to close
$101,408
Interest Paid
$33,439

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: ForcedAir, Propane
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, WoodBurning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • Water Source: SeeRemarks
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: 1999
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $225.81
  • Tax Annual Amount: $5250
  • On Market Date: 2024-02-06T00:00:00.000Z
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 $101,408 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $101,408!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$318,592
Your Cash$101,408
Total Purchase Price:$420,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,439/mo
Traditional @ 7.5%
$2,370/mo
You save $931/month ($11,172/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24026944

Listing From:

Last updated: 2024-09-02T12:15:38.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,439 /mo
$2,285 /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 $101,408 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $101,408!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$318,592
Your Cash$101,408
Total Purchase Price:$420,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,439/mo
Traditional @ 7.5%
$2,370/mo
You save $931/month ($11,172/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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