Cheryl Riley

Cheryl Riley

(602) 353-7375
License BR655878000
Property SearchContact
OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$327,000

($46,637 down)
VA

22864 Alder Lane, Crestline, CA 92325

2
2
972 sqft
PITI Monthly
$1,790.07 /mo

Listing courtesy of: TONGTONG JIN, REALTY MASTERS & ASSOCIATES

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,300 /mo
$2,064 /mo
$30,933 in interest paid off

What's Special

DINING
SPACIOUS
FIREPLACE
DECK
RARE OPPORTUNITY to assume a 2.49% interest VA loan on this delightful mountain cabin. Nestled in the woods on a coveted corner lot, this
mountain retreat offers ample parking at the front and side, with the potential for an ADU addition or expansion. Step inside and gather around the
warmth of the fireplace in the family room or venture out to the spacious deck and soak in the natural beauty of the mountains. The kitchen and dining
area feature a split AC system to stay cool in the summer season as well as plenty of cabinets for storage. The versatile upstairs loft is gr... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.07
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,790.07/mo
Estimated Loan Balance
$290,042
Cash to close
$46,637
Interest Paid
$30,933

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ductless, SeeRemarks
  • Heating: Central, Fireplaces
Features
  • Materials: Frame, WoodSiding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, WoodBurning
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Wood, WroughtIron
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Cottage
Materials
  • Frame, WoodSiding
  • Roof: Composition
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision: VOE (VOE)
  • Features: Biking, Fishing, Hiking, Mountainous
HOA
  • Has HOA: No
Location
  • Region: Crestline

Financial Details

  • Price per Sqft: $336.42
  • Tax Annual Amount: $4087.5
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $46,637 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$
0%20%50%

You cover the entire equity of $46,637!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$280,363
Your Cash$46,637
Total Purchase Price:$327,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,300/mo
Traditional @ 7.15%
$2,141/mo
You save $841/month ($10,093/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV24137317

Listing From:

Last updated: Sep 30, 2024 06:29pm

© 2025, 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

3.07%
7.15%

Principal & Interest

$1,300 /mo
$2,064 /mo
$30,933 in interest paid off
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 $46,637 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$
0%20%50%

You cover the entire equity of $46,637!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$280,363
Your Cash$46,637
Total Purchase Price:$327,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,300/mo
Traditional @ 7.15%
$2,141/mo
You save $841/month ($10,093/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
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May, 10 2025

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