Laura Jewett

Laura Jewett

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Closed

$715,000

($59,743 down)
FHA

40948 Ridgegate Lane, Palmdale, CA 93551

4
3
3,607 sqft
PITI Monthly
$3,604.71 /mo

Listing courtesy of: Amada Gonzales, Keller Williams Realty Antelope Valley

Assumed Rate

2.88%
7.15%

Principal & Interest

$2,894 /mo
$4,709 /mo

What's Special

GATED COMMUNITY
SHOPPING
ENTERTAINMENT
SPACIOUS
LUXURY
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
PATIO

Home is Located in the exclusive Renaissance gated community, featuring a sprawling 3,607 square foot layout with four bedrooms and three bathrooms, all situated on a massive 20,473 square foot lot. The ground floor is adorned with stylish, waterproof farmhouse flooring, offering both elegance and durability for your home. The Master Bedroom and Bathroom are on the first floor with an amazing walk in closet . The kitchen is a culinary dream, equipped with high-end Viking stainless steel appliances, a large 13x12 farmhouse pantry, elegant granite countertops, and a spacious center island, ideal for entertaining and culinary exploits. Outside, a vast 1600 square foot covered patio awaits, complete with ceiling fans for comfortable outdoor living. This area is equipped with a 100amp sub-panel, making it ready for RV parking or a future pool installation, a myriad of entertainment and leisure opportunities. Situated on a substantial lot in a sought-after neighborhood near schools and shopping centers, this property beautifully combines luxury, comfort, and expansive outdoor living. Discover this exceptional home, where elegance converges with convenience, providing the perfect sanctuary.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.88
Remaining Loan Term
26 years, 8 months
Monthly PITI
$3,604.71/mo
Estimated Loan Balance
$656,575
Cash to close
$59,743
Interest Paid
$64,568

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Carpet, Wood

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Clay
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Clay
Condition
  • Year Built: 2003
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights
HOA
  • Has HOA: Yes
  • HOA Name: Renaissance
  • HOA Amenities: Unknown
  • HOA Fee: $110
  • HOA Frequency: $Monthly
Location
  • Region: Palmdale

Financial Details

  • Price per Sqft: $198.23
  • Tax Annual Amount: $8937.5
  • On Market Date: 2024-08-23T00:00:00.000Z
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 $59,743 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $59,743!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$655,257
Your Cash$59,743
Total Purchase Price:$715,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$2,894/mo
Traditional @ 7.5%
$4,884/mo
You save $1,990/month ($23,878/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24175059

Listing From:

Last updated: 2025-02-03T20:47:57.000Z

© , 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

2.88%
7.15%

Principal & Interest

$2,894 /mo
$4,709 /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 $59,743 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $59,743!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$655,257
Your Cash$59,743
Total Purchase Price:$715,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$2,894/mo
Traditional @ 7.5%
$4,884/mo
You save $1,990/month ($23,878/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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