David Lewis

David Lewis

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$675,000

($603,700 down)
FHA

4745 Granada Avenue, Riverside, CA 92504

3
2
1,540 sqft
PITI Monthly
$1,945.62 /mo

Listing courtesy of: MICHELLE GOULD, COLDWELL BANKER REALTY

Assumed Rate

4.51%
7.15%

Principal & Interest

$944 /mo
$1,257 /mo

What's Special

FRESH PAINT
SHOPPING
DINING
SPACIOUS
HARDWOOD FLOORS
HOME OFFICE
CHARMING
COZY
NO HOA
RENTAL INCOME

Welcome to this charming 3-bedroom, 2-bathroom home plus a bonus workshop found in the well-established Magnolia Center neighborhood! Tree-lined streets and lush landscaping invite you in from the moment you arrive. Come into a bright and airy living and dining area filled with natural light—great for relaxing or entertaining guests. The kitchen offers ample cabinetry, sleek corian countertops, and a cozy breakfast area for your morning coffee. Down the hall, you will find a convenient indoor laundry closet and generously sized bedrooms equipped with ceiling fans. You will love the natural, hardwood floors and thoughtful updates throughout, including dual-pane windows, an electric water heater, repiped plumming and fresh paint. The extra-long driveway lends itself to RV potential and leads to a spacious backyard featuring a detached two-car garage and a separate, substantial workshop—brimming with possibility for hobbies, a home office, art studio, or even future rental income. Located in one of Riverside’s most desirable mid-century neighborhoods, this gem is just minutes from local amenities, several schools, beautiful parks, popular shopping centers, and major thoroughfares like Magnolia Avenue, Arlington Avenue, and the 91 Freeway. Low taxes and No HOA. This is more than just a house—it’s an opportunity. Don’t miss your chance to see it. Schedule your appointment today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.51
Remaining Loan Term
7 years, 5 months
Monthly PITI
$1,945.62/mo
Estimated Loan Balance
$152,271
Cash to close
$603,700
Interest Paid
$141,036

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Drywall, Stucco, WoodSiding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, Gas, LivingRoom
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Block, Brick, ChainLink, Wood
Roof
  • Roof: 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: Ranch
Materials
  • Drywall, Stucco, WoodSiding
  • Roof: Shingle
Condition
  • Year Built: 1952
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Gutters, StreetLights, Suburban, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Riverside

Financial Details

  • Price per Sqft: $438.31
  • Tax Annual Amount: $8437.5
  • On Market Date: 2025-04-14T00:00:00.000Z
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 $603,700 (89%)
You can enter any amount below - secondary financing will cover the difference if needed.
89%
$

You cover the entire equity of $603,700!

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

Loan Breakdown

Assumed Mortgage4.51% Sellers Rate
$71,300
Your Cash:$603,700
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 4.51%
$944/mo
Traditional @ 7.15%
$1,304/mo
You save $360/month ($4,317/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV25079671

Listing From:

Last updated: 2025-04-17T20:15:22.000Z

© , 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

4.51%
7.15%

Principal & Interest

$944 /mo
$1,257 /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 $603,700 (89%)
You can enter any amount below - secondary financing will cover the difference if needed.
89%
$

You cover the entire equity of $603,700!

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

Loan Breakdown

Assumed Mortgage4.51% Sellers Rate
$71,300
Your Cash:$603,700
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 4.51%
$944/mo
Traditional @ 7.15%
$1,304/mo
You save $360/month ($4,317/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Community, Brokered by Real
Agent/Broker
David LewisCommunity, Brokered by Real(303) 668-4343basecamp@realcommunity.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 Community, Brokered by Real 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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