Bobi Hernandez

Bobi Hernandez

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$225,000

($249,533 down)
FHA

59724 Stearman Road, Landers, CA 92285

2
1
1,316 sqft
PITI Monthly
$649.03 /mo

Listing courtesy of: Chris Ann Kallgren, Coldwell Banker Roadrunner

Assumed Rate

5.5%
7.15%

Principal & Interest

$244 /mo
$270 /mo

What's Special

INVESTORS
LOCATION
HISTORIC

Desert Dream Fixer on Five Acres – Stargazer’s Paradise in Landers, CA Nestled on five picturesque acres in the heart of Landers, this 2 bed, 1 bath fixer-upper offers an extraordinary opportunity to create your desert retreat or investment gem. Surrounded by breathtaking desert flora, serenity, and jaw-dropping views, this property is perfect for those seeking peace, privacy, and the magic of the Mojave. Just a short distance from Giant Rock—the world’s largest free-standing boulder and a historic UFO landing strip—and minutes from Goat Mountain, this location is steeped in mystique and natural beauty. Only blocks away from GMARS (Goat Mountain Astronomical Research Station), you’ll be living in a designated dark sky zone, making this one of the best stargazing spots in Southern California. Milky Way views? Absolutely. Enjoy starry, starry nights, brilliant sunrises and sunsets, and total freedom from light pollution. It’s the ultimate haven for investors, nature lovers, artists, and music lovers alike. Only: 25 minutes to Pappy & Harriet’s 45 minutes to Palm Springs A quick drive to Joshua Tree Village for restaurants and culture This is raw desert magic with room to dream, create, and build. Whether you restore the home or start fresh, the land alone is a rare find in such a peaceful and awe-inspiring location. Please include a recent pre-approval letter and proof of funds with your offer. Buyer to verify all MLS information, including but not limited to: permits and uses, bed/bath counts, square footage, school information and enrollment availability. Buyer is advised to independently investigate all aspects of the property, and to verify the accuracy of all information provided through personal inspections and with appropriate professionals to the buyer’s satisfaction. Buyer is solely responsible for verifying water, power, zoning, and county building requirements. Buyers are responsible for confirming the accuracy of all information and are encouraged to conduct their own due diligence or retain qualified professionals.

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Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.5
Remaining Loan Term
Loan term completed
Monthly PITI
$649.03/mo
Estimated Loan Balance
$13,705
Cash to close
$249,533
Interest Paid
$14,034

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: EvaporativeCooling
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Concrete

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Rural
HOA
  • Has HOA: No
Location
  • Region: Landers

Financial Details

  • Price per Sqft: $170.97
  • Tax Annual Amount: $2812.5
  • On Market Date: 2025-04-14T00:00:00.000Z
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 $249,533 (111%)
You can enter any amount below - secondary financing will cover the difference if needed.
111%
$

You cover the entire equity of $249,533!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
-$24,533
Your Cash:$249,533
Total Purchase Price:$225,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$244/mo
Traditional @ 7.15%
$277/mo
You save $33/month ($397/year)

*Secondary financing rates are an estimated value based on input

MLS ID: JT25081649

Listing From:

Last updated: 2025-04-15T13:49:45.000Z

© , 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

5.5%
7.15%

Principal & Interest

$244 /mo
$270 /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 $249,533 (111%)
You can enter any amount below - secondary financing will cover the difference if needed.
111%
$

You cover the entire equity of $249,533!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
-$24,533
Your Cash:$249,533
Total Purchase Price:$225,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$244/mo
Traditional @ 7.15%
$277/mo
You save $33/month ($397/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Bobi Hernandez(602) 761-0781bobisellsazhomes@gmail.comMLS

© 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 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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