Laura Jewett

Laura Jewett

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Closed

$499,000

($277,131 down)
FHA

39041 Ocotillo Drive, Palmdale, CA 93551

4
2
1,526 sqft
PITI Monthly
$1,558.95 /mo

Listing courtesy of: Ani Nersisyan, Christie's Int. R.E SoCal

Assumed Rate

3.95%
7.15%

Principal & Interest

$1,211 /mo
$1,724 /mo

What's Special

FRESH PAINT
SPACIOUS
MODERN
RENOVATED
FIREPLACE
PATIO
COZY
EFFICIENT

Welcome to this beautifully renovated 4-bedroom, 2-bathroom gem in Palmdale, offering over 1,500 square feet of modern living space. Step inside to discover newly updated flooring, fresh paint throughout, and a brand-new AC system with updated ducting. The sleek, modern kitchen features new wooden countertops and contemporary finishes, while both bathrooms have been stylishly upgraded for your comfort. Gather around the cozy gas fireplace and appreciate the upgraded 200-amp electrical system and energy-efficient windows. Fresh drywalls enhance the pristine, like-new interior. The spacious bedrooms have had the old closets removed, and new modern ones will be installed before closing. Outside, you'll find a spacious 12,000+ square foot lot with a recently updated roof, an inviting enclosed patio perfect for outdoor relaxation, and a convenient 2-car garage. The property is zoned to accommodate an Accessory Dwelling Unit (ADU), adding even more potential to this already exceptional home. This residence seamlessly blends modern amenities with ultimate comfort. Don't miss out on this incredible opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.95
Remaining Loan Term
22 years, 10 months
Monthly PITI
$1,558.95/mo
Estimated Loan Balance
$222,827
Cash to close
$277,131
Interest Paid
$67,362

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Unknown

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: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Palmdale

Financial Details

  • Price per Sqft: $327
  • Tax Annual Amount: $
  • On Market Date: 2024-07-19T00:00:00.000Z
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 $277,131 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $277,131!

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

Loan Breakdown

Assumed Mortgage3.95% Sellers Rate
$221,869
Your Cash:$277,131
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 3.95%
$1,211/mo
Traditional @ 7.5%
$1,789/mo
You save $577/month ($6,925/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24148542

Listing From:

Last updated: 2024-09-11T18:36:16.000Z

© , 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

3.95%
7.15%

Principal & Interest

$1,211 /mo
$1,724 /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 $277,131 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $277,131!

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

Loan Breakdown

Assumed Mortgage3.95% Sellers Rate
$221,869
Your Cash:$277,131
Total Purchase Price:$499,000

Assumed vs Traditional Mortgage

Assumed @ 3.95%
$1,211/mo
Traditional @ 7.5%
$1,789/mo
You save $577/month ($6,925/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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