Laura Jewett

Laura Jewett

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Closed

$565,000

($46,186 down)
FHA

1555 Berkshire Drive, Palmdale, CA 93551

5
3
2,021 sqft
PITI Monthly
$2,989.62 /mo

Listing courtesy of: Oscar Jara, SoCal 5 Real Estate

Assumed Rate

3.45%
7.15%

Principal & Interest

$2,436 /mo
$3,687 /mo

What's Special

SHOPPING
WALK-IN CLOSET
LANDSCAPED

Step into this stunning two-story residence boasting a convenient downstairs bedroom and full bathroom for added comfort. Upgraded laminated flooring flows seamlessly throughout the home, creating a cohesive and visually appealing space flooded with abundant natural light from the south-facing front, offering a warm and inviting ambiance. The kitchen features upgraded cabinets and exquisite quartz countertops, adding durability and elegance. The primary bedroom offers ample space for a king-sized bed and features a walk-in closet for added convenience, and the primary bathroom is a spa-like oasis with upgraded tile and a double sink vanity, perfect for unwinding after a long day. Outside, the backyard is landscaped with xeriscape for minimal maintenance and eco-friendly outdoor living, while block walls offer privacy and security. For those with recreational vehicles, the custom RV access and gate provide ample storage and easy access. Title shows FIVE bedrooms on title, currently only FOUR bed the previous owner removed a wall dividing two bedrooms to create one large bedroom for a versatile layout, additional bedrooms are good size. The home also boasts a Paid Power Agreement (PPA) Solar system, Buyer to assume solar power agreement, Furthermore, there is very attractive assumable financing available at a 3.750% interest rate (subject to lender approval). A Buyer has an opportunity to take over the current financing at this low rate in a market where rates are far exceeding the current assumable rate. Large storage units in the backyard offer ample space for personal belongings or can be converted into an office or playroom. Discover this exceptional property conveniently located near the Antelope Valley Mall, schools, and shopping centers. Don't miss the opportunity to explore this inviting home.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.45
Remaining Loan Term
26 years, 11 months
Monthly PITI
$2,989.62/mo
Estimated Loan Balance
$520,695
Cash to close
$46,186
Interest Paid
$56,357

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Block, Wood
Roof
  • Roof: SpanishTile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: SpanishTile
Condition
  • Year Built: 1989
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Palmdale

Financial Details

  • Price per Sqft: $279.56
  • Tax Annual Amount: $
  • On Market Date: 2024-02-16T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $46,186 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $46,186!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$518,814
Your Cash$46,186
Total Purchase Price:$565,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$2,436/mo
Traditional @ 7.5%
$3,825/mo
You save $1,388/month ($16,661/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24029100

Listing From:

Last updated: 2024-10-17T17:57:18.000Z

© , 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

3.45%
7.15%

Principal & Interest

$2,436 /mo
$3,687 /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 $46,186 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $46,186!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$518,814
Your Cash$46,186
Total Purchase Price:$565,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$2,436/mo
Traditional @ 7.5%
$3,825/mo
You save $1,388/month ($16,661/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© 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 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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