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Pending
Pending

$949,999

($328,139 down)
FHA

1513 Branch Avenue, Simi Valley, CA 93065

5
2
2,027 sqft
PITI Monthly
$3,523.63 /mo

Listing courtesy of: Karly Williams, Pinnacle Estate Properties

Assumed Rate

3%
7.15%

Principal & Interest

$2,831 /mo
$4,536 /mo
$75,673 in interest paid off

What's Special

REMODELED
SHOPPING
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
HOME OFFICE
PATIO
MOUNTAIN VIEWS
SOLAR PANELS
ASSUMABLE LOAN at 3% may be an opportunity for a buyer to lock in a great rate! Welcome to your dream home, located on a rare corner lot in the
sought-after Madera Hills neighborhood of Simi Valley! This 5 bedroom, 2 bathroom single-story home offers a spacious 2,027 square feet of living
space on an expansive 15,300 square foot lot. The highlight of this home is the outdoor space it offers. The home itself is designed with beautiful
natural light that floods the space, especially through the double sliding glass doors that open up to the backyard. Step into the remodele... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3
Remaining Loan Term
26 years, 1 months
Monthly PITI
$3,523.63/mo
Estimated Loan Balance
$787,404
Cash to close
$328,139
Interest Paid
$75,673

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Block, WroughtIron
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: InGround, Private

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Stucco
  • Roof: Composition
Condition
  • Year Built: 1964
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Madera Hills (137)
  • Features: Curbs, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Simi Valley

Financial Details

  • Price per Sqft: $468.67
  • Tax Annual Amount: $11875
  • On Market Date: Oct 08, 2024
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Savings Calculator

Current cash to close is $328,139 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $328,139!

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

Loan Breakdown

Assumed Mortgage3% Sellers Rate
$621,860
Your Cash$328,139
Total Purchase Price:$949,999

Assumed vs Traditional Mortgage

Assumed @ 3%
$2,831/mo
Traditional @ 7.15%
$4,705/mo
You save $1,873/month ($22,482/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24203435

Listing From:

Last updated: Apr 17, 2025 05:06pm

© 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%
7.15%

Principal & Interest

$2,831 /mo
$4,536 /mo
$75,673 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 $328,139 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $328,139!

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

Loan Breakdown

Assumed Mortgage3% Sellers Rate
$621,860
Your Cash$328,139
Total Purchase Price:$949,999

Assumed vs Traditional Mortgage

Assumed @ 3%
$2,831/mo
Traditional @ 7.15%
$4,705/mo
You save $1,873/month ($22,482/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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