Dan Kaercher

Dan Kaercher

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Closed

$479,000

($42,591 down)
FHA

716 W Lugonia Avenue, Redlands, CA 92374

2
2
1,092 sqft
PITI Monthly
$3,480.24 /mo

Listing courtesy of: COLEEN WESSEL, Berkshire Hathaway Homeservices California Realty

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,480 /mo
$3,044 /mo

What's Special

REMODELED
SHOPPING
RENOVATED
FIREPLACE
PATIO
CHARMING
TURNKEY

One of the best values in Redlands! This adorable Craftsman style home has all the updated conveniences of a newer home with the charm and character Redlands is known for. This turnkey 2 bedroom, 2 bath home has been renovated with new electrical and plumbing, newer HVAC system, remodeled kitchen and bathrooms and beautiful laminate flooring throughout. The charming living room has the original stone fireplace. The kitchen appliances are updated and there is an original kitchenette with a built in cabinet for storage. the 2 bedrooms are good size with a half bath in one and a full size closet in the other. Both bathrooms are updated and beautiful. The indoor laundry room is a huge benefit and provides access to the covered patio and 2 car garage. There is an ally access to the garage and parking at the back of the property. This is the perfect turn key, low maintenance home for a first time home buyer or downsizer that wants life simplified. Close to major freeways, shopping, gas, and restaurants. Come see it in person to fully appreciate it.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$3,480.24/mo
Estimated Loan Balance
$437,565
Cash to close
$42,591
Interest Paid
$57,790

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: FairCondition
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: Craftsman
Materials
  • CopperPlumbing
  • Roof: Unknown
Condition
  • Year Built: 1921
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Park
HOA
  • Has HOA: No
Location
  • Region: Redlands

Financial Details

  • Price per Sqft: $438.64
  • Tax Annual Amount: $5987.5
  • On Market Date: 2024-11-19T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $42,591 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $42,591!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$436,409
Your Cash$42,591
Total Purchase Price:$479,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,480/mo
Traditional @ 7.5%
$3,157/mo
You save $677/month ($8,125/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG24233746

Listing From:

Last updated: 2025-02-28T03:58:11.000Z

© , 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

5.22%
7.15%

Principal & Interest

$2,480 /mo
$3,044 /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 $42,591 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $42,591!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$436,409
Your Cash$42,591
Total Purchase Price:$479,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,480/mo
Traditional @ 7.5%
$3,157/mo
You save $677/month ($8,125/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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