Dan Kaercher

Dan Kaercher

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Closed

$499,999

($160,659 down)
FHA

305 W Sumner Avenue, Lake Elsinore, CA 92530

3
2
1,292 sqft
PITI Monthly
$1,949.76 /mo

Listing courtesy of: Melissa Bermudez, RE/MAX One

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,529 /mo
$2,419 /mo

What's Special

SPACIOUS
HISTORIC

Come by and check out the new house in the market!! Home in The Heart of Lake Elsinore, 3 spacious bedrooms, 2 full bathrooms, and a backyard that has an alley access. Only minutes driving distance to The Historical District that is surrounded by a mix of old and new building, shops and a wide variety of cuisine restaurants. Not to Mention only a small distance away from The Lake, where you can find the best BBQ in town, Jacks BBQ, enjoy lunch and dinner with the Lake view and Ortega mountain. You got the freeway 15, walking distance parks, Diamond Stadium, Gold Course, city library and many other places.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 11 months
Monthly PITI
$1,949.76/mo
Estimated Loan Balance
$339,991
Cash to close
$160,659
Interest Paid
$33,163

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • 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: 400
  • 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: 1920
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, DogPark, Fishing, Lake, Sidewalks, Park
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $387
  • Tax Annual Amount: $6249.99
  • On Market Date: 2024-06-24T00:00:00.000Z
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 $160,659 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $160,659!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$339,340
Your Cash$160,659
Total Purchase Price:$499,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,529/mo
Traditional @ 7.5%
$2,509/mo
You save $980/month ($11,758/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24124673

Listing From:

Last updated: 2025-02-20T01:21:35.000Z

© , 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

3.1%
7.15%

Principal & Interest

$1,529 /mo
$2,419 /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 $160,659 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $160,659!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$339,340
Your Cash$160,659
Total Purchase Price:$499,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,529/mo
Traditional @ 7.5%
$2,509/mo
You save $980/month ($11,758/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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