Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$605,000

($440,166 down)
FHA

16147 Palomino Lane, Moreno Valley, CA 92551

4
3
2,319 sqft
PITI Monthly
$2,136.48 /mo

Listing courtesy of: Victor Amey, Gold Real Estate

Assumed Rate

4.3%
7.15%

Principal & Interest

$1,172 /mo
$1,600 /mo

What's Special

MINUTES AWAY
SHOPPING
DINING
FIREPLACE
BALCONY
COMMUNITY POOL
PLAYGROUND
LAKE VIEWS
CUL-DE-SAC
SOLAR PANELS

This is it, boating, kayaking, sunbathing and fishing from your own backyard Dock if you want. This beautiful four bedroom two and a half bathroom two story home with 12,197 plus square ft lot, is sitting on a corner lot at the beginning of a cul-de-sac. Featuring beautiful mountain and lake views from your Master Bedroom balcony. Strong natural light in the rooms. Excellent open floor plan for entertaining family and friends. All bedrooms are upper level, the kitchen has a center island for preparation. Fireplace in dining/family room and the Loft upstairs is a great place for kids to hang out and do homework. This beautiful home has leased Solar panels that are assumable. Residents of this community also enjoy access to a range of amenities, including a gym, park, basketball courts, and private picnic areas with tables, playground, community pool / jacuzzi-spa and a recreation community center/hall These wonderful amenities are all include in the low HOA cost. You are also just minutes away from Riverside Community College, shopping and restaurants. MLS is deemed reliable but may not always be accurate. Agents/Brokers to verify all information and complete buyer due diligence.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.3
Remaining Loan Term
15 years, 9 months
Monthly PITI
$2,136.48/mo
Estimated Loan Balance
$200,448
Cash to close
$440,166
Interest Paid
$124,301

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir, Electric
  • Heating: Central, Fireplaces, Solar
Features
  • Materials: Drywall, Concrete, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: GoodCondition, Privacy, Wood
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public, Private
Pool
  • Has Pool: No
  • Pool Features: Association, Community, Heated

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Drywall, Concrete, Stucco
  • Roof: Unknown
Condition
  • Year Built: 2002
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, Foothills, Fishing, Hiking, Lake, Park, StreetLights, Sidewalks, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Moreno Valley Ranch
  • HOA Amenities: Unknown
  • HOA Fee: $66
  • HOA Frequency: $Monthly
Location
  • Region: Moreno Valley

Financial Details

  • Price per Sqft: $260.89
  • Tax Annual Amount: $7562.5
  • On Market Date: 2024-05-27T00:00:00.000Z
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 $440,166 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $440,166!

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

Loan Breakdown

Assumed Mortgage4.3% Sellers Rate
$164,834
Your Cash:$440,166
Total Purchase Price:$605,000

Assumed vs Traditional Mortgage

Assumed @ 4.3%
$1,172/mo
Traditional @ 7.5%
$1,659/mo
You save $487/month ($5,847/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG24094499

Listing From:

Last updated: 2025-01-28T20:28:22.000Z

© , 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

4.3%
7.15%

Principal & Interest

$1,172 /mo
$1,600 /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 $440,166 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $440,166!

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

Loan Breakdown

Assumed Mortgage4.3% Sellers Rate
$164,834
Your Cash:$440,166
Total Purchase Price:$605,000

Assumed vs Traditional Mortgage

Assumed @ 4.3%
$1,172/mo
Traditional @ 7.5%
$1,659/mo
You save $487/month ($5,847/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.