Dan Kaercher

Dan Kaercher

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Closed

$488,000

($71,825 down)
FHA

307 Mohr Street, Lake Elsinore, CA 92530

2
2
1,236 sqft
PITI Monthly
$3,229.51 /mo

Listing courtesy of: Joey O'neill, ReMax Sky

Assumed Rate

6.81%
7.15%

Principal & Interest

$2,763 /mo
$2,860 /mo

What's Special

SHOPPING
DINING
SPACIOUS
MASTER SUITE
CHARMING
SOLAR PANELS

Welcome to Lake Elsinore! This charming 2-bed, 2-bath home offers a perfect blend of comfort and tranquility. Step into this charming residence and discover 1236 square feet of comfortable living space, filled with natural light for tranquil evenings or lively gatherings. The kitchen offers ample space for both cooking and entertaining. Retreat to the generous master suite with its own private bathroom. The second bedroom provides flexibility for guests, work, or relaxation. A separate laundry area adds convenience. The dining room opens to the backyard, set on a spacious 9,148 square foot lot. Enjoy the expansive backyard with flourishing fruit trees, a detached two-car garage, and a brick BBQ area—perfect for pets and outdoor gatherings, making this backyard a true treasure. The garage also has an air-conditioning unit to keep the garage cool. This home has solar panels to help reduce energy costs. Conveniently located in the sought-after community of Lake Elsinore, you'll enjoy easy access to nearby parks, shopping, dining, and the stunning lake itself, which is only an eye view away. This property is being sold as a standard sale, contact us for a private showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.81
Remaining Loan Term
27 years, 10 months
Monthly PITI
$3,229.51/mo
Estimated Loan Balance
$433,920
Cash to close
$71,825
Interest Paid
$61,774

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, LivingRoom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • 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: 1992
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Lake, Mountainous, Sidewalks, WaterSports
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $394.82
  • Tax Annual Amount: $
  • On Market Date: 2024-06-05T00:00:00.000Z
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 $71,825 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $71,825!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$416,175
Your Cash$71,825
Total Purchase Price:$488,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,763/mo
Traditional @ 7.5%
$2,966/mo
You save $203/month ($2,438/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24114916

Listing From:

Last updated: 2024-12-04T21:27:00.000Z

© , 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

6.81%
7.15%

Principal & Interest

$2,763 /mo
$2,860 /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 $71,825 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $71,825!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$416,175
Your Cash$71,825
Total Purchase Price:$488,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,763/mo
Traditional @ 7.5%
$2,966/mo
You save $203/month ($2,438/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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