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Closed
Closed

$685,000

($407,754 down)
VA

28242 Lookout Point Lane, Menifee, CA 92585

4
4
2,971 sqft
PITI Monthly
$1,479.03 /mo

Listing courtesy of: Christopher Bastian, First Team Real Estate

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,312 /mo
$2,060 /mo
$43,533 in interest paid off

What's Special

FRESH PAINT
DINING
SPACIOUS
MODERN
RENOVATED
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
PATIO
CLUBHOUSE
TENNIS COURTS
CUL-DE-SAC
CHARMING
COZY
This charming single-story home is nestled in the popular Heritage Lakes community, positioned on a cul-de-sac with no rear neighbors and direct
access to a peaceful, tree-lined walking path. It’s just a short walk from the scenic lake. The home has been updated throughout with fresh paint and
new flooring. The master bathroom has been beautifully renovated, and the home offers two primary suites, each with an attached full bathroom. The
front suite is tucked away for added privacy, making it perfect as an in-law suite or guest room. The open-concept family room features ... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.16
Remaining Loan Term
25 years, 3 months
Monthly PITI
$1,479.03/mo
Estimated Loan Balance
$279,559
Cash to close
$407,754
Interest Paid
$43,533

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Drywall
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Block, Wood, WroughtIron
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community, InGround, Association

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary
Materials
  • Drywall
  • Roof: Tile
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, Gutters, StormDrains, StreetLights, Suburban, Sidewalks, Park, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Heritage Lake Master Association
  • HOA Amenities: Unknown
  • HOA Fee: $76.5
  • HOA Frequency: $Monthly
Location
  • Region: Menifee

Financial Details

  • Price per Sqft: $230.56
  • Tax Annual Amount: $
  • On Market Date: Oct 10, 2024
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Savings Calculator

Current cash to close is $407,754 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
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0%20%50%

You cover the entire equity of $407,754!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$277,246
Your Cash:$407,754
Total Purchase Price:$685,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,312/mo
Traditional @ 7.15%
$2,137/mo
You save $824/month ($9,893/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW24210589

Listing From:

Last updated: Dec 05, 2024 05:07am

© 2025, 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

3.16%
7.15%

Principal & Interest

$1,312 /mo
$2,060 /mo
$43,533 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 $407,754 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$
0%20%50%

You cover the entire equity of $407,754!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$277,246
Your Cash:$407,754
Total Purchase Price:$685,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,312/mo
Traditional @ 7.15%
$2,137/mo
You save $824/month ($9,893/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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