Laura Jewett

Laura Jewett

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Closed

$550,000

($204,479 down)
FHA

936 Lake Meadow Court, Lake Elsinore, CA 92530

3
2
1,420 sqft
PITI Monthly
$2,562.65 /mo

Listing courtesy of: Angela Carpio, Coldwell Banker Assoc.Brks-CL

Assumed Rate

2.81%
7.15%

Principal & Interest

$1,555 /mo
$2,553 /mo

What's Special

SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
MOUNTAIN VIEWS
CUL-DE-SAC
COZY
EFFICIENT

Welcome to this beautifully updated 3-bedroom, 2-bathroom home offering 1,490 sq ft of modern living space, perfectly situated in a quiet cul-de-sac. With a host of exceptional upgrades, this home seamlessly blends comfort, style, and sustainability, providing the ideal setting for both relaxation and entertaining. Step inside to discover vinyl flooring throughout the spacious living room, kitchen, and bathrooms, creating a fresh, contemporary feel. The vaulted ceilings and recessed lighting add to the sense of space, while the cozy fireplace creates the perfect ambiance for chilly evenings. Natural light pours in through dual-pane windows, sliding glass door and a skylight, highlighting the home’s airy, open layout. The kitchen is a true highlight, featuring sleek stainless steel appliances and stylish quartz countertops that elevate the modern design. These elements combine to create a functional space with plenty of room for meal prep and entertaining, offering both beauty and practicality. Both bathrooms have been thoughtfully updated with new vanities, sinks, and toilets, creating a fresh and relaxing atmosphere that feels like a private retreat. Eco-conscious buyers will appreciate the fully owned solar system and 240-volt EV charger, making this home both energy-efficient and future-ready. The reverse osmosis water system ensures clean, purified water throughout the home. The hallway bedrooms comes complete with new ceiling fans, ensuring comfort year-round. Outside, enjoy the great-sized backyard, perfect for outdoor gatherings, playtime, or relaxation. Half of the yard has been thoughtfully updated with new concrete slabs, offering both functionality and style. Take in the stunning mountain views from the front yard, or retreat to the quiet privacy of your home, tucked away in a peaceful cul-de-sac. With everything from upgraded interiors to eco-friendly features, this home is truly a standout. Don’t miss the chance to make it yours—schedule a showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.81
Remaining Loan Term
26 years, 0 months
Monthly PITI
$2,562.65/mo
Estimated Loan Balance
$346,265
Cash to close
$204,479
Interest Paid
$40,655

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • 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: 1985
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks, Park
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $387.32
  • Tax Annual Amount: $6875
  • On Market Date: 2025-02-05T00:00:00.000Z
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 $204,479 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $204,479!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$345,521
Your Cash$204,479
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,555/mo
Traditional @ 7.5%
$2,648/mo
You save $1,093/month ($13,117/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24199833

Listing From:

Last updated: 2025-03-23T00:18:59.000Z

© , 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

2.81%
7.15%

Principal & Interest

$1,555 /mo
$2,553 /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 $204,479 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $204,479!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$345,521
Your Cash$204,479
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,555/mo
Traditional @ 7.5%
$2,648/mo
You save $1,093/month ($13,117/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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