Laura Jewett

Laura Jewett

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$299,000

($273,423 down)
FHA

62372 Two Mile Road, Joshua Tree, CA 92252

2
1
888 sqft
PITI Monthly
$857.42 /mo

Listing courtesy of: Stephen Buchanan, Joshua Tree Realty

Assumed Rate

7%
7.15%

Principal & Interest

$333 /mo
$338 /mo

What's Special

INVESTORS
LOCATION
COZY

Nestled on 2.5 acres of pristine desert landscape, this 888 sq. ft. home offers a rare opportunity to create your dream home in one of Southern California’s most sought-after locations. Just 3 minutes from downtown Joshua Tree, this property boasts unmatched panoramic views of the surrounding mountains and open desert, making it the perfect blank canvas for those looking to move in, renovate, or design a stunning getaway. The two-bedroom, one-bathroom layout provides a cozy and functional space, while the expansive lot invites endless possibilities—whether you envision adding outdoor living areas, a studio, or creating a desert oasis. Home has PAID OFF solar. With its prime location, breathtaking scenery, and limitless potential, this property is a rare find for investors, creatives, and nature lovers alike.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
7
Remaining Loan Term
8 years, 5 months
Monthly PITI
$857.42/mo
Estimated Loan Balance
$27,296
Cash to close
$273,423
Interest Paid
$61,631

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: EvaporativeCooling
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTank
  • 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: 1957
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Mountainous, Valley
HOA
  • Has HOA: No
Location
  • Region: Joshua Tree

Financial Details

  • Price per Sqft: $336.71
  • Tax Annual Amount: $3737.5
  • On Market Date: 2025-03-08T00:00:00.000Z
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 $273,423 (91%)
You can enter any amount below - secondary financing will cover the difference if needed.
91%
$

You cover the entire equity of $273,423!

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

Loan Breakdown

Assumed Mortgage7% Sellers Rate
$25,577
Your Cash:$273,423
Total Purchase Price:$299,000

Assumed vs Traditional Mortgage

Assumed @ 7%
$333/mo
Traditional @ 7.5%
$351/mo
You save $18/month ($212/year)

*Secondary financing rates are an estimated value based on input

MLS ID: JT25051530

Listing From:

Last updated: 2025-04-02T19:20:21.000Z

© , 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

7%
7.15%

Principal & Interest

$333 /mo
$338 /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 $273,423 (91%)
You can enter any amount below - secondary financing will cover the difference if needed.
91%
$

You cover the entire equity of $273,423!

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

Loan Breakdown

Assumed Mortgage7% Sellers Rate
$25,577
Your Cash:$273,423
Total Purchase Price:$299,000

Assumed vs Traditional Mortgage

Assumed @ 7%
$333/mo
Traditional @ 7.5%
$351/mo
You save $18/month ($212/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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