Laura Jewett

Laura Jewett

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Closed

$625,000

($225,860 down)
VA

29842 Penn Street, Menifee, CA 92585

4
3
2,208 sqft
PITI Monthly
$2,040.95 /mo

Listing courtesy of: LISA DOVIDDIO, Berkshire Hathaway Homeservices California Realty

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,874 /mo
$2,837 /mo

What's Special

OPEN CONCEPT
SHOPPING
GRANITE COUNTERTOPS
FIREPLACE
PATIO
CLUBHOUSE
PLAYGROUND

Welcome to Heritage Lake community! You could be the newest home owner in this fabulous neighborhood. Pride of ownership definitely shows here! There is a bedroom and full bath downstairs. Upstairs there are 3 bedrooms and a large bonus room. Downstairs has mostly laminate flooring. The laundry room is situated downstairs. The open concept allows everyone to be able to mingle and chat while the chef does their stuff in the gourmet kitchen. The kitchen has granite countertops and backsplash, island with storage and bar seating, walk in pantry, 5 burner gas stove that all lends to a wonderful cooking experience. Enjoy the decorative electric fireplace in the living room. Outside you will find a bbq haven. The patio is covered with Alumawood and has two ceiling fans to keep you cool for those outside get togethers. Don't forget to check out that view! Heritage Lake presents an enviable resort lifestyle centered around the private lake and club facility with unsurpassed amenities and events. Offerings include 2 Jr. Olympic size pool perfect for cooling off or swimming laps, a fun and exciting Splash Park, a wading pool, 3 tot-lot playgrounds, paddleboats to explore the 25-acre lake, catch-and-release fishing, clubhouse facility available for rent, fitness trail lake path with exercise equipment, and exclusive community events to name a few. There is also a new shopping center being built nearby. Don't miss out on this gem!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.45
Remaining Loan Term
27 years, 0 months
Monthly PITI
$2,040.95/mo
Estimated Loan Balance
$401,308
Cash to close
$225,860
Interest Paid
$42,222

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Decorative, LivingRoom
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Slate
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Association

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Slate
Condition
  • Year Built: 2020
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, DogPark, Fishing, Lake
HOA
  • Has HOA: Yes
  • HOA Name: Heritage Lake
  • HOA Amenities: Unknown
  • HOA Fee: $70
  • HOA Frequency: $Monthly
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $283.06
  • Tax Annual Amount: $
  • On Market Date: 2024-09-27T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $225,860 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $225,860!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$399,140
Your Cash$225,860
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,874/mo
Traditional @ 7.5%
$2,942/mo
You save $1,068/month ($12,818/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IG24200051

Listing From:

Last updated: 2025-01-14T02:22:41.000Z

© , 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

$1,874 /mo
$2,837 /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 $225,860 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $225,860!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$399,140
Your Cash$225,860
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,874/mo
Traditional @ 7.5%
$2,942/mo
You save $1,068/month ($12,818/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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