Cheryl Riley

Cheryl Riley

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Closed

$415,000

($164,226 down)
VA

1161 W 7th Street, Perris, CA 92570

2
2
1,440 sqft
PITI Monthly
$1,732.01 /mo

Listing courtesy of: Helen Jeong, Keller Williams, The Lakes

Assumed Rate

3.08%
7.15%

Principal & Interest

$1,150 /mo
$1,824 /mo

What's Special

SERENE
ENTERTAINMENT
MODERN
PATIO
MATURE TREES
CHARMING
COZY
EFFICIENT
SOLAR PANELS
NO HOA
AFFORDABLE

This charming 1975 mobile home, set on a permanent foundation, offers a perfect blend of vintage charm and modern amenities. With a newer roof and updated electrical, including two electric vehicle charging stations, this home is ideal for those looking for a sustainable and future-forward lifestyle. Enjoy the projector and screen that stays for your entertainment. Nestled in a tranquil setting, the home is set back from neighbors, with no one behind you, allowing for added privacy and a serene atmosphere. Mature trees surround the property, creating a peaceful, secluded mountain-like feel. The front porch, complete with patio furnishings and the swing in the front provides the perfect spot to relax and enjoy the gentle breeze that flows most days. Energy efficiency is a highlight, thanks to 18 fully paid-off solar panels and a backup generator, ensuring lower energy costs and reliable power. The long driveway leads to a detached garage, adding convenience and space. Plus, you own the land outright with no HOA fees, making this a unique opportunity in a market where new homes are priced over $100,000 more. Inside, the home features two cozy bedrooms, with the potential to convert it into a three-bedroom by adding a couple of walls, offering flexibility for growing households or those in need of extra space. The split-level backyard is perfect for entertaining, providing distinct areas for outdoor activities and gatherings. For well-qualified buyers, conventional financing is available, making this an affordable opportunity to own a secluded, energy-efficient home with endless possibilities. Make this dream your reality.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.08
Remaining Loan Term
26 years, 1 months
Monthly PITI
$1,732.01/mo
Estimated Loan Balance
$258,216
Cash to close
$164,226
Interest Paid
$31,253

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Wood
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: Bungalow
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1975
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Perris

Financial Details

  • Price per Sqft: $288.19
  • Tax Annual Amount: $5187.5
  • On Market Date: 2024-09-10T00:00:00.000Z
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 $164,226 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $164,226!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$250,774
Your Cash$164,226
Total Purchase Price:$415,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,150/mo
Traditional @ 7.15%
$1,892/mo
You save $742/month ($8,899/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24188434

Listing From:

Last updated: 2024-12-05T05:28:09.000Z

© , 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

3.08%
7.15%

Principal & Interest

$1,150 /mo
$1,824 /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 $164,226 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $164,226!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$250,774
Your Cash$164,226
Total Purchase Price:$415,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,150/mo
Traditional @ 7.15%
$1,892/mo
You save $742/month ($8,899/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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