Laura Jewett

Laura Jewett

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Closed

$899,000

($416,134 down)
VA

600 E Alexander Way, Palm Springs, CA 92262

3
2
1,225 sqft
PITI Monthly
$3,904.82 /mo

Listing courtesy of: Charles Scicli, Desert Elite Properties, Inc.

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,752 /mo
$3,377 /mo

What's Special

MODERN
IRRIGATION SYSTEM
SOLAR PANELS

**OFFERED FURNISHED W/SOLAR** Welcome to 600 E Alexander Way, a quintessential mid-century modern gem in the heart of the Racquet Club Estates, where iconic architecture meets the vibrant Palm Springs lifestyle. This beautifully completely refurbished & warranted masterpiece includes updated interior/exterior painting, sewer line, HVAC w/ air scrubber system & surge protection, windows, garage cabinets, laminate flooring (bedrooms), French drain system, water purifier system, desert scaping & irrigation system, roof, epoxy garage floor, updated kitchen & bathrooms, mini split ac in primary, added insulation, alarm/camera system, awning(s), 27 solar panels, 2 security gates, updated pool and pool equipment, plus all warranties are transferable - this 3 bedroom 2 bathroom property has over $175K in upgrades, systems, & warranties - arguable one the most updated mid-century homes on the market! Originally built by the Alexander Construction Company in 1959 while maintaining its timeless mid-century character. As you step inside, you're immediately greeted by the open floor plan & charm of exposed wood tongue-and-groove ceilings. This house is one of a kind! Welcome home & enjoy life at Racquet Club Estates!!!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$3,904.82/mo
Estimated Loan Balance
$602,208
Cash to close
$416,134
Interest Paid
$64,113

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom, Masonry
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Foam
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: Yes
  • Pool Features: Gunite, ElectricHeat, InGround, Pebble, Private

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Foam
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Racquet Club East
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Palm Springs

Financial Details

  • Price per Sqft: $733.88
  • Tax Annual Amount: $11237.5
  • On Market Date: 2025-01-28T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $416,134 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $416,134!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$482,866
Your Cash$416,134
Total Purchase Price:$899,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,752/mo
Traditional @ 7.5%
$3,503/mo
You save $751/month ($9,014/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 219123696DA

Listing From:

Last updated: 2025-01-29T13:22:04.000Z

© , 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

5.22%
7.15%

Principal & Interest

$2,752 /mo
$3,377 /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 $416,134 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $416,134!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$482,866
Your Cash$416,134
Total Purchase Price:$899,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,752/mo
Traditional @ 7.5%
$3,503/mo
You save $751/month ($9,014/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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