Laura Jewett

Laura Jewett

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

$849,000

($593,353 down)
FHA

24541 Penfield Street, Lake Forest, CA 92630

3
2
1,144 sqft
PITI Monthly
$3,493.42 /mo

Listing courtesy of: Alex Gallardo, Century 21 Masters

Assumed Rate

5.5%
7.15%

Principal & Interest

$2,127 /mo
$2,531 /mo

What's Special

LOCATION

Exceptional Opportunity in Orange County. Discover this incredible chance to own a home in one of Orange County's most sought-after locations. Nestled in the heart of the area, this property offers unbeatable proximity to all the amenities and attractions that make this region so desirable. With its excellent value, this home is the perfect canvas for you to remodel and customize to your unique taste. Don’t miss out on turning this house into the home of your dreams!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.5
Remaining Loan Term
14 years, 3 months
Monthly PITI
$3,493.42/mo
Estimated Loan Balance
$262,216
Cash to close
$593,353
Interest Paid
$279,196

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: ForcedAir
Features
  • Materials: Drywall, Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Ranch
Materials
  • Drywall, Frame, Stucco
  • Roof: Unknown
Condition
  • Year Built: 1965
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Other
  • Features: Curbs, StormDrains, StreetLights, Suburban, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Lake Forest

Financial Details

  • Price per Sqft: $742.13
  • Tax Annual Amount: $10612.5
  • On Market Date: 2024-12-13T00:00:00.000Z
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 $593,353 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $593,353!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$255,647
Your Cash:$593,353
Total Purchase Price:$849,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$2,127/mo
Traditional @ 7.5%
$2,625/mo
You save $498/month ($5,971/year)

*Secondary financing rates are an estimated value based on input

MLS ID: OC24249383

Listing From:

Last updated: 2025-03-18T00:11:04.000Z

© , 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

5.5%
7.15%

Principal & Interest

$2,127 /mo
$2,531 /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 $593,353 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $593,353!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$255,647
Your Cash:$593,353
Total Purchase Price:$849,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$2,127/mo
Traditional @ 7.5%
$2,625/mo
You save $498/month ($5,971/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.