Dan Kaercher

Dan Kaercher

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Closed

$550,000

($247,183 down)
FHA

24340 Olive Street, Menifee, CA 92584

3
2
1,680 sqft
PITI Monthly
$2,859.33 /mo

Listing courtesy of: Justin Short, KW Temecula

Assumed Rate

6.27%
7.15%

Principal & Interest

$1,902 /mo
$2,082 /mo

What's Special

REMODELED
SPACIOUS
STAINLESS STEEL APPLIANCES
PATIO

This is a beautiful and remodeled manufactured home on a private 2/3 of an Acre lot in Menifee! The home has been completely upgraded over the last few years with new flooring, white kitchen cabinets, quartz countertops, stainless steel appliances, a custom sink, a prep sink, and paint! The owner even removed a wall to help open the floor plan and create a true open-concept layout. There is also a spacious family room and living room with a wood-burning stove! There are 3 good-sized bedrooms, 2 full bathrooms, and a bonus laundry area. In addition to the cosmetic upgrades, several windows have been replaced with new vinyl windows, a new patio door was installed, a new roof was installed last year, and the owner installed central A/C and a new furnace. The privacy of this property is unmatched but still very close to town. There is plenty of space on this large, flat lot to do almost anything. The garage has also been converted (non-permitted) to a guest house. The guest house has a living space, kitchen, bedroom, and bathroom. This is great for a family member to live in or to rent out. Located right between the 15 and 215 freeway, you don't want to miss out on this property!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.27
Remaining Loan Term
27 years, 11 months
Monthly PITI
$2,859.33/mo
Estimated Loan Balance
$303,452
Cash to close
$247,183
Interest Paid
$39,796

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir, Ductless, Zoned
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, PelletStove
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: ChainLink
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: SharedWell
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: ManufacturedOnLand
  • Architectural Style: PatioHome
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1988
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Foothills, Mountainous, Rural
HOA
  • Has HOA: No
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $327.38
  • Tax Annual Amount: $6875
  • On Market Date: 2024-06-06T00:00:00.000Z
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 $247,183 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $247,183!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$302,817
Your Cash$247,183
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$1,902/mo
Traditional @ 7.5%
$2,160/mo
You save $258/month ($3,092/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24114801

Listing From:

Last updated: 2024-08-22T15:44:41.000Z

© , 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

6.27%
7.15%

Principal & Interest

$1,902 /mo
$2,082 /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 $247,183 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $247,183!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$302,817
Your Cash$247,183
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$1,902/mo
Traditional @ 7.5%
$2,160/mo
You save $258/month ($3,092/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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