Dan Kaercher

Dan Kaercher

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Closed

$525,000

($386,672 down)
FHA

15151 Darnell Drive, Lake Elsinore, CA 92530

2
2
1,057 sqft
PITI Monthly
$1,236.86 /mo

Listing courtesy of: James Marfleet, James Marfleet Properties

Assumed Rate

3.71%
7.15%

Principal & Interest

$928 /mo
$1,360 /mo

What's Special

LOCATION
NO HOA

Unique, versatile and very comfortable home, in a very quiet seasoned low tax neighborhood with NO HOA. This home is perfect for a small family or retired couple, with no neighbor behind, and no real visibility of neighbors on the sides. Two beautiful chinese elms and an oak tree in back for fully shaded backyard in summer. It’s like seclusion but in a neighborhood close to everything. An older home but in a very good area. Custom homes in the neighborhood and brand new homes on larger than standard lots just built at Echo Highlands around the corner. Easily accessible on a flat almost 100% useable lot with a magnificent view of Lake elsinore, city lights at night and morning sunrises. Property nestled in the very back of a quiet community with almost no traffic due to its location. Self generation of electricity includes a recent (2018) $20k 5.28kw solar system with 2 Tesla Wall 2 backups totalling approx $30k added in 2022 for a total of $50K of off grid power. You will never be without electricity even during an outage! Nearly 1/4 acre (Buyer to verify size) with plenty of room for standalone ADU or semi detached 20x20 garage repurpose. (buyer to verify with county for setbacks, allowable structures or upgrades). 2 car garage is attached via breezeway to house and there is 2 car carport attached as well, so plenty of covered parking and/or shop area. Also possibility for significant addition to the home. New roof on the front half of the home in 2018. Endless possibilities with this unique home. Owner needing to relocate so you get to take over and finish with your own personal touches. Kitchen floor removed, exposed slab. Saltillo tile available but not installed. Solid wood french Doors available to replace kitchen glass slider to backyard but not installed. Kitchen to be completed. FHA assumable 2.875% on approx $194k with the balance cash or other option. Listing Broker is principal

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.71
Remaining Loan Term
20 years, 0 months
Monthly PITI
$1,236.86/mo
Estimated Loan Balance
$212,112
Cash to close
$386,672
Interest Paid
$67,038

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir, Gas, HeatPump, WholeHouseFan, AtticFan
  • Heating: Central, ForcedAir, HeatPump, NaturalGas
Features
  • Materials: BrickVeneer, Drywall, Frame, Stucco, WoodSiding, CopperPlumbing
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Concrete, Laminate, SeeRemarks

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • 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: Ranch
Materials
  • BrickVeneer, Drywall, Frame, Stucco, WoodSiding, CopperPlumbing
  • Roof: Unknown
Condition
  • Year Built: 1973
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: DogPark, Lake, Valley
HOA
  • Has HOA: No
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $496.69
  • Tax Annual Amount: $6562.5
  • On Market Date: 2025-01-15T00:00:00.000Z
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 $386,672 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$

You cover the entire equity of $386,672!

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

Loan Breakdown

Assumed Mortgage3.71% Sellers Rate
$138,328
Your Cash:$386,672
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.71%
$928/mo
Traditional @ 7.5%
$1,410/mo
You save $483/month ($5,791/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24236120

Listing From:

Last updated: 2025-03-06T20:33:42.000Z

© , 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

3.71%
7.15%

Principal & Interest

$928 /mo
$1,360 /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 $386,672 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$

You cover the entire equity of $386,672!

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

Loan Breakdown

Assumed Mortgage3.71% Sellers Rate
$138,328
Your Cash:$386,672
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.71%
$928/mo
Traditional @ 7.5%
$1,410/mo
You save $483/month ($5,791/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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