Cheryl Riley

Cheryl Riley

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$2,350,000

($790,990 down)
VA

462 Madison Drive, San Jose, CA 95123

5
3
2,290 sqft
PITI Monthly
$12,753.3 /mo

Listing courtesy of: Rigo Bracamontes, Intero R E Services

Assumed Rate

6.63%
7.15%

Principal & Interest

$10,005 /mo
$10,548 /mo

What's Special

DINING
SPACIOUS
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
VAULTED CEILINGS
WALK-IN CLOSET
MASTER SUITE
PATIO
CHARMING

Gorgeous 3 Bedroom/2bath home in Santa Teresa Valley ideal for a large or extended family. The kitchen and dining area boast a floor plan perfect for entertaining and family gatherings. The kitchen features stainless steel appliances, granite countertops, wood cabinetry, and sliding glass door that opens to a beautiful pergola with a charming outdoor kitchen that includes BBQ, grilling station, sink, refrigerator, TV's and kegerator ideal for socializing and fun times. The master suite has a newly built ensuite bathroom (permitted) with large walk-in closet and a sliding door leading to this private patio. With the permitted addition the second bedroom also has a large walk-in closet. The home includes owner owned SOLAR system, AC system, and all plumbing replaced in primary home. Large secured attic over garage with folding down ladder for easy access. Located on a very spacious lot, the property has a newly constructed detached ADU with permits featuring 2 bedrooms, 1 bathroom, vaulted ceilings, laundry hookups, ceiling fans, and AC/furnace unit. The ADU has its own separate entrance for full privacy and parking next to the unit. Easy access to Highway 85, 87 and 101 for a quick commute to Silicon Valley and the bay area.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.63
Remaining Loan Term
29 years, 11 months
Monthly PITI
$12,753.3/mo
Estimated Loan Balance
$1,561,770
Cash to close
$790,990
Interest Paid
$8,629

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Composition
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: Ranch
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1968
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: San Jose

Financial Details

  • Price per Sqft: $1,026.2
  • Tax Annual Amount: $29375
  • On Market Date: 2025-04-11T00:00:00.000Z
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 $790,990 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $790,990!

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

Loan Breakdown

Assumed Mortgage6.63% Sellers Rate
$1,559,010
Your Cash$790,990
Total Purchase Price:$2,350,000

Assumed vs Traditional Mortgage

Assumed @ 6.63%
$10,005/mo
Traditional @ 7.15%
$10,942/mo
You save $936/month ($11,234/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ML82002254

Listing From:

Last updated: 2025-04-14T20:33:14.000Z

© , 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

6.63%
7.15%

Principal & Interest

$10,005 /mo
$10,548 /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 $790,990 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $790,990!

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

Loan Breakdown

Assumed Mortgage6.63% Sellers Rate
$1,559,010
Your Cash$790,990
Total Purchase Price:$2,350,000

Assumed vs Traditional Mortgage

Assumed @ 6.63%
$10,005/mo
Traditional @ 7.15%
$10,942/mo
You save $936/month ($11,234/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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