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Closed
Closed

$360,000

($70,562 down)
FHA

1110 Sleepy Cove Drive, Searchlight, NV 89046

2
2
1,848 sqft
PITI Monthly
$1,797.57 /mo

Listing courtesy of: Randi Orzoff, Win Win Real Estate

Assumed Rate

2.68%
7.15%

Principal & Interest

$1,275 /mo
$2,129 /mo
$34,212 in interest paid off

What's Special

SPACIOUS
LUXURY
GRANITE COUNTERTOPS
VAULTED CEILINGS
PATIO
SOLAR PANELS
******ASSUMABLE FHA LOAN 3.25% BALANCE APPROX $293,000***** This meticulously maintained 2-bedroom home boasts an additional room with
built-in bar and a 3-car garage! Situated on an oversized lot, this residence is a perfect blend of comfort and luxury. Step into a spacious floor plan
adorned with vaulted ceilings and plantation shutters. The heart of the home is a chef's delight, featuring a fully-equipped kitchen complete with a
central island, granite countertops and a convenient walk-in pantry. A covered patio invites you to relax and entertain, overlooking a pristi... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.68
Remaining Loan Term
25 years, 9 months
Monthly PITI
$1,797.57/mo
Estimated Loan Balance
$290,065
Cash to close
$70,562
Interest Paid
$34,212

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir, Electric
  • Heating: Central, Electric
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric, FamilyRoom
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Block, BackYard
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: GasHeat, Heated, InGround, Private, PoolSpaCombo

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory
Materials
  • Unknown
  • Roof: Tile
Condition
  • Year Built: 2008
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cottonwood Lake Homes
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name: Cottonwood Lake HOA
  • HOA Amenities: Unknown
  • HOA Fee: $0
  • HOA Frequency: $
Location
  • Region: Searchlight

Financial Details

  • Price per Sqft: $194.81
  • Tax Annual Amount: $1791
  • On Market Date: Aug 06, 2024
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Savings Calculator

Current cash to close is $70,562 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$
0%20%50%

You cover the entire equity of $70,562!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$289,438
Your Cash$70,562
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$1,275/mo
Traditional @ 7.15%
$2,208/mo
You save $933/month ($11,197/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 2539951

Listing From:

Last updated: Oct 09, 2024 12:38am

© 2025, GLVAR. 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

2.68%
7.15%

Principal & Interest

$1,275 /mo
$2,129 /mo
$34,212 in interest paid off
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 $70,562 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$
0%20%50%

You cover the entire equity of $70,562!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$289,438
Your Cash$70,562
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$1,275/mo
Traditional @ 7.15%
$2,208/mo
You save $933/month ($11,197/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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