31420 Rabbit Springs Ln Lucerne Valley, CA 92356
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About this home
Two houses on 5 acres. A 4 bedroom, 2 bath & a 1 bedroom, 1 bath. There is a 3-car garage. A private well provides water to both houses and for irrigation. Solar panels provide power to the main house. Each house has its own propane tank. Some furniture is available. Look at these 2 homes, sitting on 5 acres. The main house is 2 story with 2,016 square feet, and a basement with an additional 1,008 square feet. It has 4 bedrooms, an office area, kitchen, dining area, large living room, 1 3/4 bathrooms, 2 covered deck areas, 1 open balcony, and a handicap ramp. The first level bathroom is a full bath with laundry facilities. The second level bathroom is 3/4 with shower only. The master bedroom is upstairs. It has a sliding glass door that leads to a balcony with mountain views. From the living room, you can exit through the sliding glass door onto a large, covered balcony, where you can spend time with family and friends. the basement can be used as an entertainment center, with a Hammond organ and a bar station included. This could be a man-cave, or a place to enjoy time with friends, watch football, listen to music, set up an exercise room, playroom, family room, etc. The roof is Alcoa Aluminum shingle, in excellent condition. The partially covered patio has a fireplace, a water fountain, and a BBQ area - perfect for relaxing, an area to serve a BBQ, and for large gatherings. The guest house is single-story, with 760 square feet. It has a bedroom, 3/4 bathroom, living room, breakfast nook and kitchen. Built in 2000, it has a wood burning stove and is wired for cable. The west half of the roof was replaced in 2024. The house is also equipped with an interior sprinkler system. Both houses are on septic systems, have separate propane tanks, have separate electric meters and both are fed by the deep well. The property has garden areas with vegetables and fruit trees. This property offers incredible potential for both personal and business uses. It can be horse or agricultural property. Of the 5 aces, 2 1/2 acres are fenced. You can raise horses or other animals and many more. There are endless possibilities in the uses of this land. Lucerne Valley's location, rural setting, and affordable living, and its proximity to outdoor attractions, make it ideal for nature lovers and those seeking a serene lifestyle. Attractions like Joshua National Park and Big Bear Lake, only 25 miles away, easily accessible.
Source: CRMLS #IG25194647
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
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