Michael Graham

Michael Graham

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$995,000

($1,057,080 down)
VA

12581 Spinnaker Street, Garden Grove, CA 92840

3
2
1,284 sqft
PITI Monthly
$1,866.85 /mo

Listing courtesy of: Albert Ricci, Ricci Realty

Assumed Rate

5.22%
7.15%

Principal & Interest

$614 /mo
$694 /mo

What's Special

HARDWOOD FLOORS
PATIO

Welcome to 12581 Spinnaker, Garden Grove, a mid-century 3 bedroom 2 bath ranch home. Quality refinished hardwood floors circa 1959, new vinyl life proof wood grain flooring in the kitchen and bath. The floor plan features a large formal living room with lots of light and a formal entry leading to an informal eating area open to the kitchen with a center island. Garnite counters, a built-in gas range, a wall oven, and a refrigerator are included. Laundry area with washer and dryer included. 3 bedrooms, the primary has its on en suite bath with tile shower and make up area. The other 2 bedrooms have a full bath with a tub/shower. 2 2-car attached garages with opener and an extra large driveway. Large fenced rear yard featuring a patio and custom-built brick BBQ for summer fun. Located in the Orange Unified School District and is close to everything.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
5.22
Remaining Loan Term
Loan term completed
Monthly PITI
$1,866.85/mo
Estimated Loan Balance
$34,081
Cash to close
$1,057,080
Interest Paid
$33,977

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Central, ForcedAir
Features
  • Materials: Stucco, WoodSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl, Wood

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Traditional
Materials
  • Stucco, WoodSiding
  • Roof: Composition, Shingle
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Gutters, StormDrains, StreetLights, Suburban
HOA
  • Has HOA: No
Location
  • Region: Garden Grove

Financial Details

  • Price per Sqft: $774.92
  • Tax Annual Amount: $12437.5
  • On Market Date: 2025-04-12T00:00:00.000Z
Inquire about this property

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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 $1,057,080 (106%)
You can enter any amount below - secondary financing will cover the difference if needed.
106%
$

You cover the entire equity of $1,057,080!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
-$62,080
Your Cash:$1,057,080
Total Purchase Price:$995,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$614/mo
Traditional @ 7.15%
$710/mo
You save $96/month ($1,155/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW25080973

Listing From:

Last updated: 2025-04-14T02:13:47.000Z

© , 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

5.22%
7.15%

Principal & Interest

$614 /mo
$694 /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 $1,057,080 (106%)
You can enter any amount below - secondary financing will cover the difference if needed.
106%
$

You cover the entire equity of $1,057,080!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
-$62,080
Your Cash:$1,057,080
Total Purchase Price:$995,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$614/mo
Traditional @ 7.15%
$710/mo
You save $96/month ($1,155/year)

*Secondary financing rates are an estimated value based on input

Follow Us
exp realty
Agent/Broker
Michael Grahamexp realty(480) 628-9392michael@grahamgroupaz.comMLS

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than exp realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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