Laura Jewett

Laura Jewett

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Closed

$280,000

($73,276 down)
FHA

8737 Albin Way, Lucerne Valley, CA 92356

3
2
1,070 sqft
PITI Monthly
$1,509.96 /mo

Listing courtesy of: Francisco Navarro, Century 21 Primetime Realtors

Assumed Rate

2.84%
7.15%

Principal & Interest

$912 /mo
$1,492 /mo

What's Special

SERENE
MODERN
EFFICIENT

New price improvement Introducing a stunning 3-bedroom, 2-bath home nestled amidst the breathtaking beauty of Joshua trees and majestic mountains. This picturesque property boasts an expansive 5 acres of land, offering both privacy and a serene natural setting. Immerse yourself in the tranquil surroundings, where the harmony of nature and modern living seamlessly blend. Equipped with essential amenities, this property features a reliable water system comprising a water pump and two water tanks. The first tank, a sizeable 1500-gallon white tank, is only 6 months old, ensuring an ample water supply for your needs. Additionally, a second black tank, with a capacity of 1100 gallons and just 1 and a half years old, provides further convenience and peace of mind. The water pump itself is a year old, ensuring efficient water flow throughout the property. Discover a home that harmonizes comfort, natural beauty, and functionality—a haven where you can embrace the tranquility of the desert landscape while enjoying the comforts of modern living.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 6 months
Monthly PITI
$1,509.96/mo
Estimated Loan Balance
$207,568
Cash to close
$73,276
Interest Paid
$21,140

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: None
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: DiningRoom, Kitchen, WoodBurning
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Other
Pool
  • Has Pool: No
  • Pool Features: None

Construction

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

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Lucerne Valley

Financial Details

  • Price per Sqft: $261.68
  • Tax Annual Amount: $3500
  • On Market Date: 2023-11-09T00:00:00.000Z
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 $73,276 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $73,276!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$206,724
Your Cash$73,276
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$912/mo
Traditional @ 7.5%
$1,548/mo
You save $635/month ($7,623/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW23208207

Listing From:

Last updated: 2024-10-22T19:37:26.000Z

© , 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

2.84%
7.15%

Principal & Interest

$912 /mo
$1,492 /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 $73,276 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $73,276!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$206,724
Your Cash$73,276
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$912/mo
Traditional @ 7.5%
$1,548/mo
You save $635/month ($7,623/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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