Dan Kaercher

Dan Kaercher

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Closed

$399,000

($60,505 down)
FHA

268 Encino Drive, Palm Springs, CA 92264

3
2
1,493 sqft
PITI Monthly
$2,278.8 /mo

Listing courtesy of: Darren Kuhn, Equity Union

Assumed Rate

4.98%
7.15%

Principal & Interest

$1,880 /mo
$2,371 /mo

What's Special

OPEN CONCEPT
SERENE
SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
WALK-IN CLOSET
COMMUNITY POOL
CLUBHOUSE
55+ COMMUNITY

Newly built in 2023, this 3 bedroom, 2 bath 1,493 square foot home offers the best in contemporary living. No design detail has been spared and features include clerestory windows in primary bedroom, tray ceiling in living room, skylights, recessed lighting, modern lighting fixtures and ceiling fans, remote-controlled blinds, stainless steel appliances, quartz counter tops, soft close cabinets, and laminate flooring. The open concept kitchen, dining area and living room with direct access to the covered mountain-view front porch serve as the central social hub of the home and is perfect for entertaining. Retreat to the spacious primary bedroom with en-suite bath and walk-in closet or enjoy one of two serene community pools ideally located across the street. Enjoy ample storage with a large storage shed and energy efficiency with a 14 SEER air conditioning unit, double pane windows, insulated awnings and 6-inch exterior wall construction. Located on fee land (you own it), the home is located in the heart of south Palm Springs in the highly desirable 55+ community of El Dorado Palms. The community offers numerous amenities including clubhouse, gym, library, two community pools, spa, and tennis and pickleball courts with easy access to entertainment, restaurants, and shopping.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 2 months
Monthly PITI
$2,278.8/mo
Estimated Loan Balance
$169,484
Cash to close
$60,505
Interest Paid
$48,501

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Unknown
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: Yes
  • Pool Features: Community, InGround

Construction

Type & Style
  • Stories: 1
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2023
Details
  • Builder:

Community & HOA

Community
  • Subdivision: El Dorado Palm Sprin
  • Features: Gated, Pool
HOA
  • Has HOA: Yes
  • HOA Name: El Dorado Palm Estates
  • HOA Amenities: Unknown
  • HOA Fee: $340
  • HOA Frequency: $Monthly
Location
  • Region: Palm Springs

Financial Details

  • Price per Sqft: $267.25
  • Tax Annual Amount: $4987.5
  • On Market Date: 2024-09-24T00:00:00.000Z
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 $60,505 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $60,505!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$338,495
Your Cash$60,505
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,880/mo
Traditional @ 7.5%
$2,459/mo
You save $579/month ($6,950/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 219117200PS

Listing From:

Last updated: 2025-02-21T19:41:57.000Z

© , 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

4.98%
7.15%

Principal & Interest

$1,880 /mo
$2,371 /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 $60,505 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$

You cover the entire equity of $60,505!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$338,495
Your Cash$60,505
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,880/mo
Traditional @ 7.5%
$2,459/mo
You save $579/month ($6,950/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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