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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$420,000

($101,408 down)
FHA

8850 Tumbleweed Road, Phelan, CA 92371

4
2
1,860 sqft
PITI Monthly
$2,265.81 /mo

Listing courtesy of: Elfidio Gutierrez, New Century Realtors

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,439 /mo
$2,285 /mo
$34,242 in interest paid off

What's Special

LOCATION
SPACIOUS
VAULTED CEILINGS
MATURE TREES
LANDSCAPED
CHARMING
BACK TO MARKET BUYER WAS UNABLE TO CONTINUE WITH THE PURCHASE DUE TO LOAN FINANCES ISSUES & HAS NOT PERFORMED ................... A
manufactured home on a permanent foundation awaits you in a desirable location, enveloped by a secure fence. While county records indicate a
configuration of 4 bedrooms and 2 baths, the home features a well-designed 3-bedroom and 2-bathroom layout. The interior boasts a spacious open
floor plan with a charming wood stove in the living room, complemented by vaulted ceilings that enhance the overall aesthetic. The resi... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 7 months
Monthly PITI
$2,265.81/mo
Estimated Loan Balance
$319,836
Cash to close
$101,408
Interest Paid
$34,242

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: ForcedAir, Propane
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, WoodBurning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • Water Source: SeeRemarks
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: 1999
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Phelan

Financial Details

  • Price per Sqft: $225.81
  • Tax Annual Amount: $5250
  • On Market Date: Feb 06, 2024
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Savings Calculator

Current cash to close is $101,408 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
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0%20%50%

You cover the entire equity of $101,408!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$318,592
Your Cash$101,408
Total Purchase Price:$420,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,439/mo
Traditional @ 7.15%
$2,370/mo
You save $931/month ($11,172/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24026944

Listing From:

Last updated: Sep 02, 2024 12:15pm

© 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

$1,439 /mo
$2,285 /mo
$34,242 in interest paid off
Inquire about this property
​
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​
​
​

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 $101,408 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$
0%20%50%

You cover the entire equity of $101,408!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$318,592
Your Cash$101,408
Total Purchase Price:$420,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,439/mo
Traditional @ 7.15%
$2,370/mo
You save $931/month ($11,172/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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