Laura Jewett

Laura Jewett

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Closed

$2,500,000

($1,899,860 down)
VA

22050 Village Way Drive, Canyon Lake, CA 92587

3
3
1,902 sqft
PITI Monthly
$3,108.97 /mo

Listing courtesy of: MARGARET MCCOY, COLDWELL BANKER ASSOC BRKR/CL

Assumed Rate

3.34%
7.15%

Principal & Interest

$2,892 /mo
$4,438 /mo

What's Special

DESIRED
FIREPLACE

Over 160 feet of water frontage on one of the most premier lots on the main lake. This is an opportunity to own a bit of paradise in Canyon Lake. Sea Wall, boat dock, boat house, exotic thatch cabana, custom sandy beach (white sand imported from Santa Barbara), breathtaking negative edge pool overlooking the lake at your finger tips (propane heated). Several outdoor fireplaces and built in BBQ area. This property has unlimited potential and paid for plans for a huge garage addition as well as a 2 bedroom ADU, just check out the unbelievable footprint of this parcel. You could also enlarge the existing house if desired for a total of up to 10,000 sq ft. There is a stocked koi pond including waterfalls to mesmerize you and your guests at the front of the residence. Private Flag lot with 100' driveway and then Gated access to huge parking area as you enter the grounds. Currently parking for 3 RV's and plenty of cars. Walking distance to Holiday Harbor and front row seats for the spectacular Fireworks show each year. Western exposure for breathtaking sunsets year round. The boat house features room for 21' boat including workshop and boat ramp. This is a very oversized lot with only 1 HOA fee. The entire estate is home to mature palm trees, hedges, flower gardens. Primary residence has 3 bedrooms, 2.5 baths and has been updated in kitchen area/great room and bath. Solar was leased but now owned. Canyon lake offers a first rate golf course, water skiing, fishing, private lodge and swimming pool, unlimited activities, clubs, sport courts, equestrian center, parks and beaches and a lifestyle that makes you feel on vacation year round. Don't miss the opportunity to own this oasis and make it your own.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.34
Remaining Loan Term
25 years, 4 months
Monthly PITI
$3,108.97/mo
Estimated Loan Balance
$726,916
Cash to close
$1,899,860
Interest Paid
$97,625

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: ChainLink
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: Heated, InGround, Pebble, Private, Association

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1979
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, DogPark, Golf, Stables, Lake, Fishing, Gated
HOA
  • Has HOA: Yes
  • HOA Name: CLPOA
  • HOA Amenities: Unknown
  • HOA Fee: $340
  • HOA Frequency: $Monthly
Location
  • Region: Canyon Lake

Financial Details

  • Price per Sqft: $1,314.41
  • Tax Annual Amount: $31250
  • On Market Date: 2024-08-09T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $1,899,860 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $1,899,860!

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

Loan Breakdown

Assumed Mortgage3.34% Sellers Rate
$600,140
Your Cash:$1,899,860
Total Purchase Price:$2,500,000

Assumed vs Traditional Mortgage

Assumed @ 3.34%
$2,892/mo
Traditional @ 7.5%
$4,604/mo
You save $1,711/month ($20,535/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV24144963

Listing From:

Last updated: 2025-01-18T21:39:10.000Z

© , 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

3.34%
7.15%

Principal & Interest

$2,892 /mo
$4,438 /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 $1,899,860 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $1,899,860!

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

Loan Breakdown

Assumed Mortgage3.34% Sellers Rate
$600,140
Your Cash:$1,899,860
Total Purchase Price:$2,500,000

Assumed vs Traditional Mortgage

Assumed @ 3.34%
$2,892/mo
Traditional @ 7.5%
$4,604/mo
You save $1,711/month ($20,535/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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