Laura Jewett

Laura Jewett

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Closed

$585,000

($206,479 down)
FHA

38515 Larkin Avenue, Palmdale, CA 93550

N/A
N/A
sqft
PITI Monthly
$2,191.35 /mo

Listing courtesy of: Steve Di Pressi, Urban Resources Consulting

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,735 /mo
$2,759 /mo

What's Special

MODERN

Modern duplex with 2x 2+1 units. Both have been updated and modernized. Laminate floors in both units. Updated baths and (1) granite kitchen. Separate water heaters keep owner bills to a minimum. Separate gas and electric meters too. Separate water heaters and HVAC units. Both units have attached 2 car garages. Property sits mid block, on a LARGE lot. Both have huge back yards. Plenty of room to possibly add more ADU's (BTV). Solid income, combo of FMV and VASH tenants. Buy and enjoy solid income and cash flow with newer age property.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 3 months
Monthly PITI
$2,191.35/mo
Estimated Loan Balance
$386,115
Cash to close
$206,479
Interest Paid
$45,054

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, ForcedAir
Features
  • Materials: Drywall, Frame, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: ChainLink
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer, SewerTapPaid
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Duplex
  • Architectural Style: Contemporary
Materials
  • Drywall, Frame, Stucco
  • Roof: Composition, Shingle
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $585,000
  • Tax Annual Amount: $
  • On Market Date: 2024-11-02T00:00:00.000Z
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 $206,479 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$

You cover the entire equity of $206,479!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$378,521
Your Cash$206,479
Total Purchase Price:$585,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,735/mo
Traditional @ 7.5%
$2,862/mo
You save $1,126/month ($13,515/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24226371

Listing From:

Last updated: 2025-01-14T02:16:32.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,735 /mo
$2,759 /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 $206,479 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$

You cover the entire equity of $206,479!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$378,521
Your Cash$206,479
Total Purchase Price:$585,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,735/mo
Traditional @ 7.5%
$2,862/mo
You save $1,126/month ($13,515/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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