Dan Kaercher

Dan Kaercher

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Closed

$945,000

($294,764 down)
FHA

328 Magnolia Avenue, Oxnard, CA 93030

4
2
1,681 sqft
PITI Monthly
$3,670.23 /mo

Listing courtesy of: Grace Lindgren, Sotheby's International Realty

Assumed Rate

3.07%
7.15%

Principal & Interest

$2,961 /mo
$4,701 /mo

What's Special

LOCATION
SERENE
SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
DECK
COZY
INCOME POTENTIAL
RENTAL INCOME
INVESTMENT OPPORTUNITY

Discover this investment opportunity or multi-generational living setup with this property featuring two separate 2-bedroom, 1-bathroom homes on one lot. Each home offers its own private living space and unique amenities, making it ideal for rental income or extended family living.Key Features:* Two Separate Homes: Both homes feature two cozy bedrooms and a well-appointed bathroom, providing comfortable living spaces for residents.* Newly Installed Flooring: Enjoy the fresh appeal of newly installed flooring throughout the front home, adding a touch of modern comfort.* Abundant Natural Light: Plenty of windows in each home fill the interiors with natural sunlight, creating bright and inviting atmospheres.* Front Porch & Back Deck: The front home includes a welcoming front porch, while the back home features its own private back deck, perfect for outdoor relaxation.* Private Yard: The back home has a spacious private yard, offering a serene retreat and additional outdoor space.* Ample Parking: Each home benefits from ample parking space, ensuring convenience for residents and visitors alike.Each home has their own separate meters for utilities.Location:Conveniently located near downtown Oxnard, this property provides access to shopping, dining, entertainment, and major transportation routes. Enjoy the vibrant city lifestyle while reaping the benefits of rental income potential. This home has an assumable fha loan at a rate of 2.375%, subject to qualification with current bank call for more information.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$3,670.23/mo
Estimated Loan Balance
$654,107
Cash to close
$294,764
Interest Paid
$68,788

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Unknown
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Shingle
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:
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Oxnard

Financial Details

  • Price per Sqft: $562.17
  • Tax Annual Amount: $11812.5
  • On Market Date: 2025-01-02T00:00:00.000Z
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 $294,764 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $294,764!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$650,236
Your Cash$294,764
Total Purchase Price:$945,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$2,961/mo
Traditional @ 7.5%
$4,876/mo
You save $1,915/month ($22,983/year)

*Secondary financing rates are an estimated value based on input

MLS ID: V1-27337

Listing From:

Last updated: 2025-02-13T02:30:14.000Z

© , 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

$2,961 /mo
$4,701 /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 $294,764 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $294,764!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$650,236
Your Cash$294,764
Total Purchase Price:$945,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$2,961/mo
Traditional @ 7.5%
$4,876/mo
You save $1,915/month ($22,983/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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