Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$524,999

($314,746 down)
FHA

6147 Arroyo Road UNIT 4, Palm Springs, CA 92264

4
3
1,551 sqft
PITI Monthly
$1,824.14 /mo

Listing courtesy of: Sheri Dettman and Assoc..., Equity Union

Assumed Rate

2.96%
7.15%

Principal & Interest

$951 /mo
$1,531 /mo

What's Special

INVESTORS
SHOPPING
DINING
LUXURY
VAULTED CEILINGS
PATIO
LANDSCAPED
COMMUNITY POOL
MOUNTAIN VIEWS
TURNKEY
SECOND HOME

Welcome to Mountain Shadows, your dream oasis in stunning South Palm Springs! This turnkey furnished condo is designed for luxury & convenience, boasting vaulted ceilings & a thoughtful layout. The home features a powder room in the hall, an inside laundry closet, and a full bedroom on the main floor, offering comfort & practicality. Step outside to find paradise at your doorstep, with a sparkling community pool just steps from your front door. Enjoy the convenience of one covered parking spot & an additional space next to the enclosed back patio. Whether you're seeking a second home, vacation retreat, or full-time residence, this property fits the bill perfectly. Investors will appreciate the potential for short-term rentals, as the HOA imposes no minimum lease requirement.Mountain Shadows is a beautifully landscaped complex with resort-like grounds and breathtaking mountain views. Enjoy six sparkling pools, a spa, tennis, & pickleball courts--all on land you own! Just outside the gates lies Tahquitz Creek Golf Club, featuring an Arnold Palmer-designed course. Conveniently located near shopping & dining, Mountain Shadows offers easy access to world-class amenities. Golf, tennis, pickleball, hiking, biking, theater, & the renowned Acrisure Arena are all within reach. Experience the epitome of desert living at Mountain Shadows. Assumable loan at 2.75%

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.96
Remaining Loan Term
26 years, 3 months
Monthly PITI
$1,824.14/mo
Estimated Loan Balance
$211,115
Cash to close
$314,746
Interest Paid
$24,172

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: StuccoWall
Roof
  • Roof: Tile
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: Yes
  • Pool Features: Community

Construction

Type & Style
  • Stories: 2
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Tile
Condition
  • Year Built: 1972
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Gated, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Mountain Shadows
  • HOA Amenities: Unknown
  • HOA Fee: $350
  • HOA Frequency: $Monthly
Location
  • Region: Palm Springs

Financial Details

  • Price per Sqft: $338.49
  • Tax Annual Amount: $6562.49
  • On Market Date: 2024-05-27T00:00:00.000Z
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 $314,746 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $314,746!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$210,253
Your Cash:$314,746
Total Purchase Price:$524,999

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$951/mo
Traditional @ 7.5%
$1,588/mo
You save $637/month ($7,648/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 219112109DA

Listing From:

Last updated: 2024-09-13T15:38:09.000Z

© , 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

2.96%
7.15%

Principal & Interest

$951 /mo
$1,531 /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 $314,746 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $314,746!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$210,253
Your Cash:$314,746
Total Purchase Price:$524,999

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$951/mo
Traditional @ 7.5%
$1,588/mo
You save $637/month ($7,648/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.