Cheryl Riley

Cheryl Riley

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$749,000

($312,635 down)
FHA

6204 Shadow Hills Drive, Lancaster, CA 93536

5
3
3,101 sqft
PITI Monthly
$4,262.5 /mo

Listing courtesy of: Joyce Colovin, Berkshire Hathaway HomeServices Troth, Realtors

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,949 /mo
$3,024 /mo

What's Special

FIREPLACE
OUTDOOR LIVING SPACE
PATIO
BALCONY

Resort living every day in this incredible home which has had changes throughout the years. Most recently, a massive updating and outdoor living space has been created. Once a 7 bedroom home, two bedrooms have become a loft for a gameroom and stage for little performances. Recently this home is smiling larger with new interior and exterior paint, outside RV gate, cement has been added to the side, which has turned into an outdoor kitchen. Cement has been added to the front to add a relaxing space with a beautiful pergola and fire pit. Stone features have been added to the house to update the elegance of the curb appeal. A tropical feel washes over the entire backyard beginning with the incredible pool and spa complete with waterfalls. Stairs have been added to the upstairs balcony which was extended to continue around the side of the house. The ceiling of the patio cover is lined in gorgeous wood with recessed lighting. An outdoor sound system has been created. An oversized shed with electricity is anyone's dream. The AC unit has been fenced in for protection from curious doggies and a yard of their own was developed for the pooches. Inside is so comforting with new, beautiful floors, updated baths, newer appliances, updated kitchen counters, and backsplash, painted kitchen cabinets, updated fireplace, a door was moved to let more light in and provide double doors to the backyard. Come home to your own paradise today and every day.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 8 months
Monthly PITI
$4,262.5/mo
Estimated Loan Balance
$452,972
Cash to close
$312,635
Interest Paid
$71,224

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, NaturalGas
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Block, WroughtIron
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: InGround, Private

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Stucco
  • Roof: Tile
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $241.53
  • Tax Annual Amount: $9362.5
  • On Market Date: 2025-04-12T00:00:00.000Z
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 $312,635 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $312,635!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$436,365
Your Cash$312,635
Total Purchase Price:$749,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,949/mo
Traditional @ 7.15%
$3,137/mo
You save $188/month ($2,256/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR25081012

Listing From:

Last updated: 2025-04-13T15:09:15.000Z

© , 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

6.9%
7.15%

Principal & Interest

$2,949 /mo
$3,024 /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 $312,635 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $312,635!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$436,365
Your Cash$312,635
Total Purchase Price:$749,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,949/mo
Traditional @ 7.15%
$3,137/mo
You save $188/month ($2,256/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© 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 American Allstar 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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