Dan Kaercher

Dan Kaercher

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Closed

$720,000

($378,059 down)
FHA

550 Adams Court, Gilroy, CA 95020

3
2
1,190 sqft
PITI Monthly
$2,351.41 /mo

Listing courtesy of: Iris Garcia, Compass

Assumed Rate

3.46%
7.15%

Principal & Interest

$1,843 /mo
$2,785 /mo

What's Special

INVESTORS
SHOPPING
ENTERTAINMENT
DINING
CHARMING
AFFORDABLE

Welcome to this charming 3-bedroom, 1.5 bathroom single family home, offering the perfect blend of space and functionality. Ideal for first-time buyers, entrepreneurs, and investors alike, this residence features a versatile extra room, perfect for an office or playroom. Unique to this property is the exclusive backyard access, accommodating parking for a boat, RV, or the opportunity to build an ADU. Enjoy the added convenience of being close to schools, premium outlets and the vibrant downtown Gilroy, with ample shopping, dining, and entertainment options. Affordable and well-located, this home presents a fantastic opportunity for both personal use and investment potential.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.46
Remaining Loan Term
21 years, 7 months
Monthly PITI
$2,351.41/mo
Estimated Loan Balance
$349,542
Cash to close
$378,059
Interest Paid
$109,606

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: ForcedAir
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Fiberglass, Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • Unknown
  • Roof: Fiberglass, Shingle
Condition
  • Year Built: 1977
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Gilroy

Financial Details

  • Price per Sqft: $605.04
  • Tax Annual Amount: $
  • On Market Date: 2024-08-28T00:00:00.000Z
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 $378,059 (53%)
You can enter any amount below - secondary financing will cover the difference if needed.
53%
$

You cover the entire equity of $378,059!

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

Loan Breakdown

Assumed Mortgage3.46% Sellers Rate
$341,941
Your Cash:$378,059
Total Purchase Price:$720,000

Assumed vs Traditional Mortgage

Assumed @ 3.46%
$1,843/mo
Traditional @ 7.5%
$2,889/mo
You save $1,047/month ($12,558/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ML81978225

Listing From:

Last updated: 2024-10-11T19:57:29.000Z

© , 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

3.46%
7.15%

Principal & Interest

$1,843 /mo
$2,785 /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 $378,059 (53%)
You can enter any amount below - secondary financing will cover the difference if needed.
53%
$

You cover the entire equity of $378,059!

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

Loan Breakdown

Assumed Mortgage3.46% Sellers Rate
$341,941
Your Cash:$378,059
Total Purchase Price:$720,000

Assumed vs Traditional Mortgage

Assumed @ 3.46%
$1,843/mo
Traditional @ 7.5%
$2,889/mo
You save $1,047/month ($12,558/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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