Elise Fay

Elise Fay

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$749,900

($350,560 down)
FHA

511 El Monte Road, El Cajon, CA 92020

3
1
1,112 sqft
PITI Monthly
$3,134.74 /mo

Listing courtesy of: Anthony Dangelo, Legacy West Realty

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,826 /mo
$2,967 /mo

What's Special

SPACIOUS
HOME OFFICE
COZY

Welcome to this beautifully maintained 3-bedroom, 1-bath home located in the desirable Fletcher Hills neighborhood! This home offers a perfect balance of comfort, convenience, and outdoor living. Step outside and enjoy the meticulously manicured lawn, featuring a stunning variety of fruit trees, including a thriving avocado tree—perfect for those who love fresh produce right from their backyard! The expansive backyard also includes a spacious shed with power, offering plenty of storage or the potential for a workshop, craft space, or home office. Inside, you'll find a cozy den—ideal for a home office, playroom, or extra living space to suit your needs. Whether you’re relaxing in the comfort of your home or entertaining guests in the gorgeous backyard, this property is a true gem. Don’t miss the opportunity to own this incredible home—schedule your viewing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.89
Remaining Loan Term
25 years, 11 months
Monthly PITI
$3,134.74/mo
Estimated Loan Balance
$404,481
Cash to close
$350,560
Interest Paid
$49,574

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: Unknown
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: Unknown
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: 1952
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs
HOA
  • Has HOA: No
Location
  • Region: El Cajon

Financial Details

  • Price per Sqft: $674.37
  • Tax Annual Amount: $9373.75
  • On Market Date: 2025-04-04T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $350,560 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $350,560!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$399,340
Your Cash$350,560
Total Purchase Price:$749,900

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,826/mo
Traditional @ 7.5%
$3,077/mo
You save $1,251/month ($15,016/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PTP2502419

Listing From:

Last updated: 2025-04-04T22:13:17.000Z

© , 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

2.89%
7.15%

Principal & Interest

$1,826 /mo
$2,967 /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 $350,560 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $350,560!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$399,340
Your Cash$350,560
Total Purchase Price:$749,900

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,826/mo
Traditional @ 7.5%
$3,077/mo
You save $1,251/month ($15,016/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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