Jeanne(Kerry) Davidson

Jeanne(Kerry) Davidson

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$1,890,000

($1,197,020 down)
VA

1508 Lomita Way, El Dorado Hills, CA 95762

3
3
2,550 sqft
PITI Monthly
$3,453.77 /mo

Listing courtesy of: Margaret Melville, The Melville Group

Assumed Rate

2.83%
7.15%

Principal & Interest

$3,154 /mo
$5,164 /mo

What's Special

LOCATION
SHOPPING
LANDSCAPED
IRRIGATION SYSTEM
RETIREMENT

Former Horse Boarding Estate with new Custom Farmhouse and Guest house. Situated on 12 usable acres, this property offers horse enthusiasts all amenities to stable, train and ride as many as 16 horses. Five 2-stall barns and three 1-stall barns w/tack rooms and water lines are located throughout the property allowing for separate shaded pastures. Amenities also include: lighted arena, round pen, pole barn, onsite trails and direct access to the Folsom Lake trail system. Commercial boarding at this location is no longer allowed by El Dorado County, but the property is ideal for horse training, horse retirement, boarding multiple horses. A newly constructed 2,550 sf custom farmhouse with a wall of windows provides beautiful views of the surrounding hills, estates. The 35-panel solar system (owned) designed as a separate elevated structure providing shaded equipment parking and power to meet current and future energy needs. A saltwater pool with automatic cover allows for an extended swimming season with the opportunities to refresh after a day of riding. A separate 1Bed 1Bath caretakers cottage/guest house. The property is nicely landscaped and has zone irrigation system. Unique opportunity to own a tucked-away horse property within 5 min from Green Valley Shopping Center.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 11 months
Monthly PITI
$3,453.77/mo
Estimated Loan Balance
$702,023
Cash to close
$1,197,020
Interest Paid
$84,464

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Central
  • Heating: Central, Electric
Features
  • Materials: Lap Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features:
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Partial, Fenced, See Remarks
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Septic System
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: Built-In, Pool Cover, Salt Water

Construction

Type & Style
  • Stories: 0
  • Home type: Single Family Residence
  • Architectural Style: Farmhouse
Materials
  • Lap Siding
  • Roof: Composition
Condition
  • Year Built: 2024
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features:
HOA
  • Has HOA: No
Location
  • Region: El Dorado Hills

Financial Details

  • Price per Sqft: $741.18
  • Tax Annual Amount: $
  • On Market Date: 2025-04-23T20:58:45.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $1,197,020 (63%)
You can enter any amount below - secondary financing will cover the difference if needed.
63%
$

You cover the entire equity of $1,197,020!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$692,980
Your Cash:$1,197,020
Total Purchase Price:$1,890,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$3,154/mo
Traditional @ 7.15%
$5,356/mo
You save $2,203/month ($26,432/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 225035552

Listing From: MLS Metrolist

Last updated: 2025-04-23T21:57:16.000Z

© , MLS Metrolist. 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

2.83%
7.15%

Principal & Interest

$3,154 /mo
$5,164 /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 $1,197,020 (63%)
You can enter any amount below - secondary financing will cover the difference if needed.
63%
$

You cover the entire equity of $1,197,020!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$692,980
Your Cash:$1,197,020
Total Purchase Price:$1,890,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$3,154/mo
Traditional @ 7.15%
$5,356/mo
You save $2,203/month ($26,432/year)

*Secondary financing rates are an estimated value based on input

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HomeSmart
Agent/Broker
Jeanne(Kerry) DavidsonHomeSmart(602) 826-3697kerry@myagent.netMLS BR631128000

© 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 HomeSmart 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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