Property

40389 Melrose Avenue, Hemet, CA 92544

400,000

FHA
$65,411 interest already paid off
3
2
1,896 sqft
Estimated Loan Balance$408,402
Cash to close$0
Est. Monthly PITI$2,850
Initial Loan Amount$442,831
Time on sitea year
Remaining Term25 years, 11 months

Payment Calculator

$3,028

per month

In an assumption, your down payment equals the seller’s equity. You’ll need at least 5% in cash, and the rest can be covered with secondary financing.

Potential Short Sale Opportunity

This property may be available as a short sale, meaning the seller owes more than the current market value. This could present a unique opportunity for buyers, but requires special financing considerations and approval from the lender.

Contact your lender for short sale financing options
Find out if you qualify by applying with our experts.
Get Prequalified

Assumed Rate

3.76%
6.47%

Principal & Interest

$2,053 /mo
$2,769 /mo
PatrickRachelMike

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About this home

ENTERTAINMENTDININGSPACIOUSMODERNOUTDOOR LIVING SPACEPATIOCHARMING
Short Sale - Charming Traditional Home with Spacious Living Areas Welcome to this beautifully maintained 3-bedroom, 2-bathroom residence offering approximately 1,896 sq ft of comfortable living space. The home features two expansive family rooms, perfect for relaxation and entertainment. The open-concept kitchen boasts ample cabinetry and an e
A yearOn UMe
ResidentialProperty Type
1964Year Built
1896 SqftLiving Area
$211Price Per Sqft
$469Monthly Taxes

Listed by • Carrie Caruthers, Redfin Corporation

Property Details

Garage/Carport Information

  • Has Garage
  • Has Attached Garage

Parking

  • Features: Attached, Garage
  • # of Parking (Total): 2
PatrickRachelMike

Curious About This home?

Book a call with our team and start your journey toward owning this home. We’ll answer your questions and walk you through every step.
No pressure--just real answers from our experts

All information should be verified by the recipient and none is guaranteed as accurate by CRMLS

MLS ID: SW25106512

Listing From: CRMLS

Last updated: 2026-05-15T16:54:53.807Z

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