Cheryl Riley

Cheryl Riley

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

$488,000

($71,825 down)
FHA

307 Mohr Street, Lake Elsinore, CA 92530

2
2
1,236 sqft
PITI Monthly
$3,229.51 /mo

Listing courtesy of: Joey O'neill, ReMax Sky

Assumed Rate

6.81%
7.15%

Principal & Interest

$2,763 /mo
$2,860 /mo
$64,120 in interest paid off

What's Special

SHOPPING
DINING
SPACIOUS
MASTER SUITE
CHARMING
SOLAR PANELS
Welcome to Lake Elsinore! This charming 2-bed, 2-bath home offers a perfect blend of comfort and tranquility. Step into this charming residence and
discover 1236 square feet of comfortable living space, filled with natural light for tranquil evenings or lively gatherings. The kitchen offers ample space
for both cooking and entertaining. Retreat to the generous master suite with its own private bathroom. The second bedroom provides flexibility for
guests, work, or relaxation. A separate laundry area adds convenience. The dining room opens to the backyard, set on a spacious 9,148 ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.81
Remaining Loan Term
27 years, 9 months
Monthly PITI
$3,229.51/mo
Estimated Loan Balance
$433,920
Cash to close
$71,825
Interest Paid
$64,120

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1992
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Lake, Mountainous, Sidewalks, WaterSports
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $394.82
  • Tax Annual Amount: $
  • On Market Date: Jun 05, 2024
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Savings Calculator

Current cash to close is $71,825 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$
0%20%50%

You cover the entire equity of $71,825!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$416,175
Your Cash$71,825
Total Purchase Price:$488,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,763/mo
Traditional @ 7.15%
$2,966/mo
You save $203/month ($2,438/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24114916

Listing From:

Last updated: Dec 04, 2024 09:27pm

© 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

6.81%
7.15%

Principal & Interest

$2,763 /mo
$2,860 /mo
$64,120 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 $71,825 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$
0%20%50%

You cover the entire equity of $71,825!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$416,175
Your Cash$71,825
Total Purchase Price:$488,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,763/mo
Traditional @ 7.15%
$2,966/mo
You save $203/month ($2,438/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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© 2025 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.
May, 10 2025

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