Dan Kaercher

Dan Kaercher

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Closed

$499,900

($197,741 down)
FHA

538 E State Street, Ontario, CA 91761

3
1
864 sqft
PITI Monthly
$2,060.42 /mo

Listing courtesy of: Martin Yankov, HAUS OF REAL ESTATE

Assumed Rate

4.27%
7.15%

Principal & Interest

$1,656 /mo
$2,268 /mo

What's Special

SPACIOUS
PATIO
CHARMING

This Ontario property is the perfect home for a first-time buyer or investor. It needs a little TLC, but the main components are quite new. The double-pane windows and roof were replaced in 2019, and the water heater is also new. The charming kitchen features updated cabinetry and drawers, a newer range/oven, and an exhaust hood. There is an indoor laundry room and a full basement, providing ample space for storage, a rec room, or a man cave. The home has updated electrical throughout, including the panel and receptacles. The plumbing has also been upgraded, with newer piping, a main water line, drain pipes. The gated driveway offers plenty of parking, and the large lot provides an opportunity for an additional ADU. The spacious concrete patio area is great for family gatherings. The garage is in rough shape but has a room in the back and a work shop as well - Perfect for ADU conversion.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.27
Remaining Loan Term
24 years, 1 months
Monthly PITI
$2,060.42/mo
Estimated Loan Balance
$336,435
Cash to close
$197,741
Interest Paid
$80,407

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: Solar
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: 2
  • 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: 1930
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Suburban
HOA
  • Has HOA: No
Location
  • Region: Ontario

Financial Details

  • Price per Sqft: $578.59
  • Tax Annual Amount: $6248.75
  • On Market Date: 2024-09-16T00:00:00.000Z
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 $197,741 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $197,741!

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

Loan Breakdown

Assumed Mortgage4.27% Sellers Rate
$302,159
Your Cash$197,741
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 4.27%
$1,656/mo
Traditional @ 7.5%
$2,353/mo
You save $697/month ($8,361/year)

*Secondary financing rates are an estimated value based on input

MLS ID: CV24136843

Listing From:

Last updated: 2025-02-07T17:42:09.000Z

© , 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

4.27%
7.15%

Principal & Interest

$1,656 /mo
$2,268 /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 $197,741 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $197,741!

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

Loan Breakdown

Assumed Mortgage4.27% Sellers Rate
$302,159
Your Cash$197,741
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 4.27%
$1,656/mo
Traditional @ 7.5%
$2,353/mo
You save $697/month ($8,361/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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