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$580,000

($477,120 down)
FHA

35142 Sorrel Lane, Lake Elsinore, CA 92532

4
2
1,760 sqft
PITI Monthly
$1,472.61 /mo

Listing courtesy of: Hector Gutierrez, Keller Williams, The Lakes

Assumed Rate

3.91%
7.15%

Principal & Interest

$610 /mo
$873 /mo

What's Special

DINING
SPACIOUS
MODERN
WALK-IN CLOSET
CLUBHOUSE
WALKING TRAILS

Welcome home to this spacious single-story gem located in the highly sought-after Cottonwood Canyon Hills community! This beautifully maintained 1,760 sq ft home sits on a spacious 6,534 sq ft lot and offers 4 bedrooms, 2 bathrooms, and a 2-car garage—perfect for modern living! As you step through the front door, you’re welcomed into a warm and inviting foyer that sets the tone for the rest of the home. Just beyond, you’ll find yourself in the heart of the home—the kitchen—where an open layout, abundant cabinetry, sleek countertops, and ample natural light make it perfect for both daily meals and entertaining. The kitchen flows effortlessly into the living and dining areas, creating an open-concept space ideal for gathering with friends and family. Each of the four bedrooms is generously sized, with the primary suite offering a private retreat featuring an en-suite bath and walk-in closet. Outside, enjoy a backyard with plenty of room to relax, play, or personalize to your liking. Nestled within the vibrant Cottonwood Canyon Hills community, this home comes with access to top-notch amenities including 3 sparkling pools, a clubhouse, multiple parks, basketball courts, and scenic walking trails. And with grocery stores and schools less than 2 miles away, everything you need is right around the corner. This one won’t last—schedule your private tour today and make it yours!

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Assumption Snapshot

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Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.91
Remaining Loan Term
20 years, 6 months
Monthly PITI
$1,472.61/mo
Estimated Loan Balance
$161,474
Cash to close
$477,120
Interest Paid
$43,499

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet

Exterior

Fencing
  • Fencing: Vinyl, WroughtIron
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None, Association

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Tile
Condition
  • Year Built: 2013
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, Park, StreetLights, Sidewalks
HOA
  • Has HOA: Yes
  • HOA Name: Cottonwood Canyon Hills Community
  • HOA Amenities: Unknown
  • HOA Fee: $134
  • HOA Frequency: $Monthly
Location
  • Region: Lake Elsinore

Financial Details

  • Price per Sqft: $329.55
  • Tax Annual Amount: $7250
  • On Market Date: 2025-04-22T00:00:00.000Z
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Savings Calculator

Current cash to close is $477,120 (82%)
You can enter any amount below - secondary financing will cover the difference if needed.
82%
$

You cover the entire equity of $477,120!

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

Loan Breakdown

Assumed Mortgage3.91% Sellers Rate
$102,880
Your Cash:$477,120
Total Purchase Price:$580,000

Assumed vs Traditional Mortgage

Assumed @ 3.91%
$610/mo
Traditional @ 7.15%
$905/mo
You save $295/month ($3,541/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SW25083950

Listing From:

Last updated: 2025-04-27T21:53:39.000Z

© , 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

3.91%
7.15%

Principal & Interest

$610 /mo
$873 /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

Upgrade to gain access

Get Access

Savings Calculator

Current cash to close is $477,120 (82%)
You can enter any amount below - secondary financing will cover the difference if needed.
82%
$

You cover the entire equity of $477,120!

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

Loan Breakdown

Assumed Mortgage3.91% Sellers Rate
$102,880
Your Cash:$477,120
Total Purchase Price:$580,000

Assumed vs Traditional Mortgage

Assumed @ 3.91%
$610/mo
Traditional @ 7.15%
$905/mo
You save $295/month ($3,541/year)

*Secondary financing rates are an estimated value based on input

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UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.