Kenny Klaus

Kenny Klaus

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$595,000

($266,334 down)
FHA

4490 Highland Place, Riverside, CA 92506

3
1
1,108 sqft
PITI Monthly
$2,560.63 /mo

Listing courtesy of: ROBERT ADAMS, First Team Real Estate

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,516 /mo
$2,463 /mo

What's Special

INVESTORS
REMODELED
SHOPPING
SPACIOUS
MOVE-IN READY
MODERN
HOME OFFICE
HISTORIC
EFFICIENT
RENTAL INCOME

Welcome to this stylish and thoughtfully updated bungalow-style home in the heart of Riverside’s historic Wood Streets neighborhood! Blending classic charm with modern upgrades, this move-in ready home offers a perfect opportunity to settle into one of the city’s most beloved areas. Inside, you’ll find a bright, open living space with updated flooring and a remodeled kitchen that features clean lines, modern finishes, and plenty of functionality. The layout is efficient and inviting—ideal for both everyday living and entertaining. The true gem of this property is the spacious backyard—a blank canvas with endless possibilities. Whether you’re dreaming of an ADU for rental income, a home office, or expanding the main house to include an extra room or bathroom, this lot offers the flexibility to bring your vision to life. Located just minutes from downtown Riverside, schools, shopping, parks, and freeway access, this home combines convenience with the charm of the iconic Wood Streets. Perfect for first-time buyers, investors, or anyone looking for a home with room to grow—don’t miss your chance to own this unique Riverside opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.89
Remaining Loan Term
25 years, 7 months
Monthly PITI
$2,560.63/mo
Estimated Loan Balance
$335,108
Cash to close
$266,334
Interest Paid
$44,341

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Electric
  • Heating: Central
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: Bungalow
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1920
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $537
  • Tax Annual Amount: $7437.5
  • On Market Date: 2025-03-30T00:00:00.000Z
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 $266,334 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $266,334!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$328,666
Your Cash$266,334
Total Purchase Price:$595,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,516/mo
Traditional @ 7.15%
$2,555/mo
You save $1,039/month ($12,467/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV25069182

Listing From:

Last updated: 2025-04-13T23:25:21.000Z

© , 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

$1,516 /mo
$2,463 /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 $266,334 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $266,334!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$328,666
Your Cash$266,334
Total Purchase Price:$595,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,516/mo
Traditional @ 7.15%
$2,555/mo
You save $1,039/month ($12,467/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Klaus Team | Real Broker
Agent/Broker
Kenny KlausKlaus Team | Real Broker(602) 330-2891klausteam@klausteam.comMLS SA515503000

© 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 Klaus Team | Real Broker 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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Klaus Team | Real Broker © is committed to and abides by the Fair Housing Act of Equal Opportunity.