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Closed
Closed

$1,295,000

($129,141 down)
FHA

31524 Flying Cloud Drive, Laguna Niguel, CA 92677

2
2
1,234 sqft
PITI Monthly
$8,610.31 /mo

Listing courtesy of: Jeff Pittman, Your Home Sold Guaranteed Rlty

Assumed Rate

6.72%
7.15%

Principal & Interest

$7,565 /mo
$7,902 /mo
$78,239 in interest paid off

What's Special

REMODELED
LOCATION
SERENE
SHOPPING
DINING
MODERN
LUXURY
CUSTOM BUILT
STAINLESS STEEL APPLIANCES
VAULTED CEILINGS
MASTER SUITE
CLUBHOUSE
Nestled in the prestigious Pacific Island Village, this home presents an unparalleled living experience with breathtaking panoramic views that stretch
from the coastline to Saddleback Mountain. This property offers single level living with 2 bedrooms and 1.5 bathrooms, designed for comfort and
privacy within its approximately 1,234 square feet of thoughtfully designed space. Built in 1965, the home has undergone modern updates to ensure it
meets contemporary standards of luxury living. The interior features an open floor plan with vaulted ceilings and large windows that bath... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.72
Remaining Loan Term
29 years, 0 months
Monthly PITI
$8,610.31/mo
Estimated Loan Balance
$1,169,950
Cash to close
$129,141
Interest Paid
$78,239

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, Gas
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Association

Construction

Type & Style
  • Stories: 1
  • Home type: Condominium
  • Architectural Style: Ranch
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1965
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Pacific Island Village 1 (PV1)
  • Features: Biking, Curbs, Hiking, Park, StreetLights, Sidewalks
HOA
  • Has HOA: Yes
  • HOA Name: Pacific Island Village 1
  • HOA Amenities: Unknown
  • HOA Fee: $620
  • HOA Frequency: $Monthly
Location
  • Region: Laguna Niguel

Financial Details

  • Price per Sqft: $1,049.43
  • Tax Annual Amount: $
  • On Market Date: Sep 19, 2024
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Savings Calculator

Current cash to close is $129,141 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$
0%20%50%

You cover the entire equity of $129,141!

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

Loan Breakdown

Assumed Mortgage6.72% Sellers Rate
$1,165,859
Your Cash$129,141
Total Purchase Price:$1,295,000

Assumed vs Traditional Mortgage

Assumed @ 6.72%
$7,565/mo
Traditional @ 7.15%
$8,196/mo
You save $632/month ($7,578/year)

*Secondary financing rates are an estimated value based on input

MLS ID: OC24195238

Listing From:

Last updated: Dec 05, 2024 05:10am

© 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

6.72%
7.15%

Principal & Interest

$7,565 /mo
$7,902 /mo
$78,239 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 $129,141 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$
0%20%50%

You cover the entire equity of $129,141!

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

Loan Breakdown

Assumed Mortgage6.72% Sellers Rate
$1,165,859
Your Cash$129,141
Total Purchase Price:$1,295,000

Assumed vs Traditional Mortgage

Assumed @ 6.72%
$7,565/mo
Traditional @ 7.15%
$8,196/mo
You save $632/month ($7,578/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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