Laura Jewett

Laura Jewett

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$369,999

($49,454 down)
FHA

40500 159th Street E, Lancaster, CA 93535

3
2
1,134 sqft
PITI Monthly
$2,246.24 /mo

Listing courtesy of: Mario Menjivar, eXp Realty of California Inc

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,467 /mo
$2,321 /mo

What's Special

SPACIOUS
MOVE-IN READY
MODERN
FIREPLACE
COZY

3 BED 2 BATH HOME ON A MASSIVE 55,000 SQ FT LOT WITH TONS OF EXTRAS! Located in the sought-after Lake LA area, this home is MOVE-IN READY and loaded with upgrades. Step into a spacious living room with a cozy fireplace and plenty of natural light. Fresh interior and exterior paint, new tile flooring, and a beautifully updated kitchen make this home feel brand new. ALL APPLIANCES STAY and, yes, even the POOL TABLE is included! The master bedroom is a showstopper with bright lighting and stylish mirrors. The garage? Fully insulated and easily convertible into extra living space. TWO SEPARATE ENTRANCES give this home incredible flexibility—perfect for multi-unit potential, extra parking, or investment opportunities. And let's talk about the best part—FREE POWER! This home comes equipped with an EV CHARGER and a brand-new 3-ton AC system, keeping summers cool while still racking up NEGATIVE ELECTRIC BILLS. Charge your car, blast the AC, and still owe Edison nothing. Not only is this a HORSE-ZONED PROPERTY, but the massive lot gives you endless possibilities—light farming, extra storage, or building another unit. Plus, with MAIN STREET ACCESS, convenience is key. This home is the perfect blend of modern updates, energy efficiency, and investment potential. Schedule your showing today before it's gone!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 10 months
Monthly PITI
$2,246.24/mo
Estimated Loan Balance
$338,683
Cash to close
$49,454
Interest Paid
$32,650

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Drywall, Stucco, CopperPlumbing
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, LivingRoom
  • Flooring: Tile

Exterior

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

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary, Modern
Materials
  • Drywall, Stucco, CopperPlumbing
  • Roof: Shingle
Condition
  • Year Built: 1985
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, HorseTrails, StreetLights
HOA
  • Has HOA: No
Location
  • Region: Lancaster

Financial Details

  • Price per Sqft: $326.28
  • Tax Annual Amount: $4624.99
  • On Market Date: 2025-03-27T00:00:00.000Z
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 $49,454 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $49,454!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$320,545
Your Cash$49,454
Total Purchase Price:$369,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,467/mo
Traditional @ 7.5%
$2,408/mo
You save $940/month ($11,282/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR25067788

Listing From:

Last updated: 2025-04-03T13:50:41.000Z

© , 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

3.1%
7.15%

Principal & Interest

$1,467 /mo
$2,321 /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 $49,454 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $49,454!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$320,545
Your Cash$49,454
Total Purchase Price:$369,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,467/mo
Traditional @ 7.5%
$2,408/mo
You save $940/month ($11,282/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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