Welcome Home Wednesday presents, Rancho Sereno. Located off of 16th Street, in between Avenue B and Avenue C. Rancho Sereno began construction of their community in 1990, and the square footage of these homes run from 1600 square feet on upto 3500 square feet. You can find both 1 and 2 story homes with 3,4 & 5+ bedrooms within Rancho Sereno.
Currently there are 7 homes for sale in Rancho Sereno, with an average listing price of $222,875. Within the last six months, a total of 12 homes have sold with an average sales price of $197,009. That’s a price increase of over 13% over the homes that have sold within the last 6 months.
So, what does a monthly mortgage payment cost if you were to purchase a home in Rancho Sereno at $222,875?
Thanks to the Team at Guild Mortgage, located at 2755 South 4th Avenue Suite #104, Phone number 928-343-7995 the following would apply;
With a Conventional loan, and 5% down payment, at an interest rate of 4.75%, your payment would be $1,516.08 a month and that would include P&I, Insurance, Taxes and PMI.
If you put 20% down, at the same interest rate of 4.75%, your payment would be $1,175.83, and would include P&I, Insurance, Taxes and PMI.
Under a FHA loan, you would put 3.5% down and have an interest rate of 4.25% with a monthly mortgage payment of $1,596.50 and would include P&I, Insurance, Taxes and PMI.
So there you have it. Thanks for inquiring on the neighborhoods that you find appealing. Homeowners, feel free to email or comment below, if you want to know how homes are selling in your neighborhood.
Were here to help and make you a more educated buyer/seller it the real estate market. Give us a call, we’ll get things moving. Welcome Home Yuma!