Elise Fay

Elise Fay

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$172,222

($50,009 down)
FHA

118 Eye Street, Bakersfield, CA 93304

1
1
533 sqft
PITI Monthly
$1,110.42 /mo

Listing courtesy of: Michael McCracken, Michael McCracken, Broker

Assumed Rate

4.98%
7.15%

Principal & Interest

$684 /mo
$862 /mo

What's Special

DINING
AFFORDABLE

Downtown Cutie that is Affordable Zoned R-3! R-3 allows for multiple units. Centrally Located in the Oleander Area. This is a true home with a living room, kitchen, dining nook, separate bedroom and a bathroom. Currently used as a rental month to month at $1025, or buy it as your primary. This home is priced to sell.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 2 months
Monthly PITI
$1,110.42/mo
Estimated Loan Balance
$122,564
Cash to close
$50,009
Interest Paid
$17,636

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: EvaporativeCooling
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1922
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Suburban
HOA
  • Has HOA: No
Location
  • Region: Bakersfield

Financial Details

  • Price per Sqft: $323.12
  • Tax Annual Amount: $2152.77
  • On Market Date: 2025-02-27T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $50,009 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $50,009!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$122,213
Your Cash$50,009
Total Purchase Price:$172,222

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$684/mo
Traditional @ 7.5%
$894/mo
You save $211/month ($2,527/year)

*Secondary financing rates are an estimated value based on input

MLS ID: OC25043221

Listing From:

Last updated: 2025-03-22T14:45:51.000Z

© , 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

4.98%
7.15%

Principal & Interest

$684 /mo
$862 /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 $50,009 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $50,009!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$122,213
Your Cash$50,009
Total Purchase Price:$172,222

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$684/mo
Traditional @ 7.5%
$894/mo
You save $211/month ($2,527/year)

*Secondary financing rates are an estimated value based on input

Follow Us
eXp Realty
Agent/Broker
Elise FayeXp Realty(602) 329-7782elise@elisefay.comMLS SA5401250000

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