Cliff Pickett

Cliff Pickett

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$369,999

($49,454 down)
FHA

40500 159th Street E, Lancaster, CA 93535

3
2
1,134 sqft
PITI Monthly
$2,246.24 /mo

Listing courtesy of: Mario Menjivar, eXp Realty of California Inc

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,467 /mo
$2,321 /mo

What's Special

REMODELED
SPACIOUS
MODERN
FIREPLACE
MASTER SUITE
COZY
INVESTMENT OPPORTUNITY

STUNNING 3-BED, 2-BATH HOME ON A MASSIVE 55,000 SQ FT LOT WITH EXTRAS GALORE! Welcome to this beautiful home located in the highly desirable Lake LA area! Recently updated and thoughtfully designed, this spacious property is ready for its next chapter. Enjoy modern living with tons of extras and amazing features. The home features a bright and airy living room with a cozy fireplace, perfect for relaxing. The remodeled kitchen boasts fresh tile flooring, updated cabinets, and sleek modern finishes. Throughout the home, you’ll find fresh interior and exterior paint, giving it a clean, new feel. MOST APPLIANCES STAY, including the pool table—yes, you read that right! The master suite is a standout, with custom lighting and stylish mirrors, creating a relaxing retreat. The fully insulated garage offers great potential for conversion into additional living space. The Lot has 3 SEPARATE ENTRANCES, the possibilities are endless—whether you need extra parking, additional living quarters, or are looking for an investment opportunity. BONUS FEATURE: FREE POWER! This home includes an EV charger and a newly installed 3-ton AC system, which means you can enjoy cool summers and power your electric vehicle without ever having to pay an electricity bill. It’s a rare perk to have your electric bill not only covered but NEGATIVE! Set on a horse-zoned lot, this property is a blank canvas for your dreams—whether it’s light farming, adding extra storage, or building additional units. Conveniently located with Main Street access, everything you need is just a stone’s throw away. This home offers modern upgrades, energy efficiency, and investment potential—don’t miss out on this incredible opportunity. Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 10 months
Monthly PITI
$2,246.24/mo
Estimated Loan Balance
$338,683
Cash to close
$49,454
Interest Paid
$32,650

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Drywall, Stucco, CopperPlumbing
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, LivingRoom
  • Flooring: Tile

Exterior

Fencing
  • Fencing: ChainLink
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: AerobicSeptic
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary, Modern
Materials
  • Drywall, Stucco, CopperPlumbing
  • Roof: Shingle
Condition
  • Year Built: 1985
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, HorseTrails, StreetLights
HOA
  • Has HOA: No
Location
  • Region: Lancaster

Financial Details

  • Price per Sqft: $326.28
  • Tax Annual Amount: $4624.99
  • On Market Date: 2025-03-27T00:00:00.000Z
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 $49,454 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $49,454!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$320,545
Your Cash$49,454
Total Purchase Price:$369,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,467/mo
Traditional @ 7.15%
$2,408/mo
You save $940/month ($11,282/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR25067788

Listing From:

Last updated: 2025-04-17T06:18:53.000Z

© , 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

3.1%
7.15%

Principal & Interest

$1,467 /mo
$2,321 /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 $49,454 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $49,454!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$320,545
Your Cash$49,454
Total Purchase Price:$369,999

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,467/mo
Traditional @ 7.15%
$2,408/mo
You save $940/month ($11,282/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Pink Realty
Agent/Broker
Cliff PickettPink Realty(719) 659-4073rockhomescos@gmail.comMLS FA100043147

© 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 Pink Realty 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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