Cheryl Riley

Cheryl Riley

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$890,000

($514,977 down)
FHA

1408 Papin Street, Oceanside, CA 92058

3
2
978 sqft
PITI Monthly
$3,131.07 /mo

Listing courtesy of: Nick Skawinski, First Team Real Estate

Assumed Rate

2.81%
7.15%

Principal & Interest

$1,695 /mo
$2,783 /mo

What's Special

REMODELED
ENTERTAINMENT
DINING
MOVE-IN READY
MODERN
RENOVATED
LUXURY
HOME OFFICE
PATIO
COZY

Welcome to your beautifully renovated beach cottage, perched atop a hill in one of Oceanside’s most exciting up-and-coming neighborhoods. With striking curb appeal, refreshing ocean breezes, and a coastal-inspired interior, this home offers the perfect blend of timeless charm and modern comfort. This single-story gem has been fully updated since its last purchase in 2019—nearly everything is brand new. Currently configured as a 2-bedroom, 2-bathroom home, the space is open, airy, and filled with natural light thanks to multiple skylights and dual-pane windows. The upgraded kitchen features black stainless-steel appliances, a bib sink, wine fridge, and generous quartz countertops—ideal for both everyday living and entertaining. Both bathrooms have been tastefully remodeled, and luxury vinyl plank flooring flows seamlessly throughout the home. Split A/C and heating units provide year-round comfort, while the converted 1-car garage offers a versatile bonus space—perfect as a bonus room, home office or media room. Additional upgrades include PEX plumbing, updated electrical and outlets throughout. Step outside into your expansive backyard oasis, complete with a large covered patio, cozy fire pit, above-ground jacuzzi, and an electrically connected shed—ready to be transformed into an art studio, gym, or guest space. With a large lot and multiple outdoor entertaining areas, this home is designed to embrace the very best of Southern California living. Ideally located less than 2 miles from the ocean, you'll find yourself just minutes from downtown Oceanside, the iconic pier, Oceanside Harbor, and beloved landmarks like the Top Gun House and The Seabird Ocean Resort & Spa. Enjoy easy access to rooftop dining, craft breweries, boutique wineries, and the vibrant weekly Farmers Markets—all within walking or biking distance. Positioned east of the 5 FWY, commuting is convenient while still offering a true coastal lifestyle. Entertainment in the area is rapidly expanding. The brand-new Oceanside Arena is on the rise, promising concerts, sporting events, and a boost in local energy. Meanwhile, the Wave Pool Resort is under development nearby—a future hotspot for surfing, relaxing, and resort-style fun. Feeling more adventurous? Go skydiving over the coast with a world-class facility just minutes from your door—there’s truly no better view. Fully renovated and move-in ready, this home is a rare find—Don’t miss your chance to own a piece of Oceanside’s exciting future.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.81
Remaining Loan Term
26 years, 0 months
Monthly PITI
$3,131.07/mo
Estimated Loan Balance
$379,887
Cash to close
$514,977
Interest Paid
$44,318

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Zoned
  • Heating: SeeRemarks, Zoned
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Block, Wood
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: Composition, Shingle
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Oceanside
  • Features: Biking, Hiking, MilitaryLand, WaterSports
HOA
  • Has HOA: No
Location
  • Region: Oceanside

Financial Details

  • Price per Sqft: $910.02
  • Tax Annual Amount: $11125
  • On Market Date: 2025-04-09T00:00:00.000Z
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 $514,977 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $514,977!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$375,023
Your Cash:$514,977
Total Purchase Price:$890,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,695/mo
Traditional @ 7.15%
$2,887/mo
You save $1,192/month ($14,299/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NP25078164

Listing From:

Last updated: 2025-04-14T01:56:31.000Z

© , 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

2.81%
7.15%

Principal & Interest

$1,695 /mo
$2,783 /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 $514,977 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $514,977!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$375,023
Your Cash:$514,977
Total Purchase Price:$890,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,695/mo
Traditional @ 7.15%
$2,887/mo
You save $1,192/month ($14,299/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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