Weekly Real Estate Update — April 9th , 2017

This is the House Market Information for Tehachapi, California. See what sold in your neighborhood last week.

Address Area BED BATH Sq Ft Lot Sz CDOM Price Per Sq Ft List/Sell $
6 Village Ln Bear Valley Springs 2 2 (1 1 0) 1240 0.01 135/135 72.58 $90,000
21276 White Pine Dr #28 Golden Hills West 3 2 (2 0 0) 1164 0.22 58/58 124.57 $145,000
510 S Mill St Tehachapi City 3 2 (2 0 0) 1250 0.15 2-Feb 143.2 $179,000
28041 Seabiscuit Way Stallion Springs 3 2 (1 1 0) 1226 0.38 27/27 159.05 $195,000
21310 Santa Maria Dr Golden Hills East 3 2 (2 0 0) 1595 0.24 171/171 148.28 $236,500
1024 Canyon Dr W Tehachapi City 3 2 (2 0 0) 1517 0.19 2-Feb 166.78 $253,000
914 Cathy Ln Tehachapi City 3 2 (2 0 0) 1985 0.19 51/51 147.61 $293,000
20537 Old Town Rd County 3 2 (2 0 0) 1530 1.24 8-Aug 192.81 $295,000
19806 Star Ct Golden Hills East 5 3 (2 1 0) 2441 1.11 229/229 127 $310,000
17400 Fabius Stallion Springs 5 5 (4 1 0) 3049 0.58 52/52 104.95 $320,000
20201 Mesa Dr Golden Hills East 3 2 (1 1 0) 2118 0.5011 188/188 152.74 $323,500
22927 Rim Way Golden Hills East 4 3 (2 0 1) 2220 0.54 42797 155.41 $345,000
23707 Clover Springs Rd Oak Knolls 4 2 (1 1 0) 2128 3.49 134/134 189.85 $404,000
20150 Oak Knolls Dr Oak Knolls 4 3 (2 0 1) 2193 2.58 18/18 189.24 $415,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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Navigate Your Home Loan Like a Pro!

Navigate Your Home Loan Like a Pro!

Financing a home is one of the primary concerns for most home buyers in Tehachapi.  Your agent at Associated Real Estate is here to help you navigate the maze of loan types and mortgage terms.  Here are some of the basic loan terms to help you get started.  And remember, with any home purchase your first step should be to contact a reputable realtor and schedule a FREE consultation.  If you are planning to purchase a home call us now at 661-822-3500.

  • Mortgage  A loan specific to purchasing property, where the bank liens you the title with the agreement you will pay the entirety of the balance owed on your beautiful Tehachapi property!
  • Conventional Mortgage – Any mortgage loan that is not insured or guaranteed by the federal government. This applies to all privately owned property, and is the most common type of mortgage.
  • Term  Refers to the length of the loan. Home loans (mortgages) are often in terms of 15, 20, or 30 years. Generally, as term lengths increase your payment will decrease; however, a shorter term loan means you will pay less interest over the life of the loan.
  • Annual Percentage Rate (APR)  A yearly interest rate(calculated by the average interest rate over the term of the loan) that includes upfront fees and costs associated with the loan. Use this to accurately compare the costs of different loans as fees will vary depending upon the lender, and every buyers situation is different. Make sure to make your loan work for you!
  • Fixed Rate  A fixed rate mortgage allows you to lock in an interest rate that will last for the entire term of the loan. These are, generally, a good choice if current interest rates are low.
  • Adjustable Rate  Adjustable Rate Mortgages (ARM) usually begin with a lower interest rate than a fixed rate, but will increase as market rates increase. A good choice if fixed interest rates are high, but make sure you are willing to have a payment that will increase over time!
  • Caps – A limit to how much and how frequently an interest rate can change on an adjustable-rate mortgage. These payment caps can be periodic or extend for the life of the loan. Thank goodness for structure!
  • Note – No, not like the ones we used to pass in class! This note is a legally binding written promise to repay the mortgage plus interest, which includes the name of the borrower, issuing lender, and the terms and provisions.
  • Down Payment – An upfront payment made by the home buyer(you!) toward the sale price of the property, typically ranging from 5-20%. The remainder of the sales prices makes up the mortgage loan amount, excluding interest. Typically, the bigger the down payment is the smaller the monthly payment will be, and we all like small payments!
  • Amortization  The paying down of principal(the loan excluding interest)  over time. Generally, the principal is scheduled to be paid off, or fully amortized, over the term of the loan.
  • PITI  This is a fun one. An abbreviation for the major expenses that make up a mortgage payment: Principal (the amount borrowed), Interest, (Property) taxes, and (homeowners’) Insurance.
  • Escrow  The holding of funds or documents by a neutral third party prior to closing your home sale. You can practically taste home ownership at this point! 
  • Closing Costs – An amount of money that must be paid to close your loan, including lender fees and third-party charges, along with taxes and transfer fees. Almost there!
  • Closing – The final step in the loan process when loan documents are signed at an escrow or title company. Congratulations on your new home!!

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Tehachapi Weekly Real Estate Update: March 12, 2017

Sold Last Week in Tehachapi, CA: March 6-March 12th

This is House Market Information for Tehachapi, California. See what sold in your neighborhood last week.

Address Area Price Per Sq Ft CDOM Sell $
28061 Deertrail Dr Bear Valley Springs 79.95 98 $118,000
22160 Buena Vista St Golden Hills East 81.44 103 $165,000
22317 Milky Way Way Golden Hills East 105.26 680 $180,000
20031 Bald Mountain Dr Golden Hills East 138.63 329 $225,000
22028 McCarthy Dr Golden Hills West 161.72 81 $245,000
26131 Deertrail Dr Bear Valley Springs 132.21 131 $247,900
20401 Tucker Rd County 180.56 733 $260,000
29280 Horsethief Dr Stallion Springs 152.31 32 $290,000
18581 Kern Ct Stallion Springs 153.21 109 $334,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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Weekly Real Estate Update: March 5, 2017

Sold Last Week in Tehachapi, CA: February 27- March 5

This is House Market Information for Tehachapi, California. See what sold in your neighborhood last week.

Address Area Beds Baths Sqr feet Acres DOM Price
21408 Mountain Dr Golden Hills West 3 2 1203 0.6 13 $127,500
27740 Hialeah Dr Stallion Springs 3 2 1943 0.347 6 $230,000
22901 Tulip St Golden Hills East 3 2 1504 0.51 0 $233,350
814 Mulberry St Tehachapi City 3 2 1850 0.19 6 $250,000
21004 Ridgeway Dr Golden Hills West 3 2 1633 0.52 39 $252,000
905 Cathy Ln Tehachapi City 3 2 1520 0.19 12 $253,000
26701 Skyline Dr Bear Valley Springs 5 4 3899 3.15 33 $468,500
24401 Silver Creek Way Bear Valley Springs 4 4 3251 1.7 311 $515,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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Weekly Real Estate Update- Feb 26, 2017

Sold Last Week in Tehachapi, CA: February 21- February 26

This is House Market Information for Tehachapi, California. See what sold in your neighborhood last week.

Address Area BD BA Sq Ft Lot Sz DOM List/Sell $
19538 Cherry Ln County 4 2 1923 4.5 39 $194,000
24401 Fire Ct Bear Valley Springs 2 2 1668 1.1 0 $235,000
806 Mulberry St Tehachapi City 3 2 1850 0.17 245 $249,000
1062 Hickory Ave Tehachapi City 3 2 1758 0.23 58 $250,000
914 Carolyn Ln Tehachapi City 3 2 1599 0.23 113 $255,000
24260 Bowen Ct Bear Valley Springs 3 2 1567 1.27 5 $265,900
19604 Brite Valley Golden Hills East 4 3 2102 0.28 172 $287,000
28711 Gleneagle Ct Stallion Springs 3 2 1849 0.465 86 $290,000
23651 Senica Way Bear Valley Springs 3 2 1756 2.28 64 $310,000
22350 Milky Way Golden Hills East 3 3 2160 0.55 4 $350,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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Weekly Real Estate Update- Feb 19, 2017

 

Sold Last Week in Tehachapi, CA: Feb 12- feb 20

Address Area Bed Bath Sq Ft Lot Sz DOM Sell
21276 White Pine Dr #76 Golden Hills West 3 2 1468 0.13 172 $205,000
23921 Basin Harbor Ct Bear Valley Springs 3 2 2141 0.37 110 $279,000
26780 Columbia Way Bear Valley Springs 3 2 2095 1.41 198 $345,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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Weekly Real Estate Update- Feb 12, 2017

Sold Last Week in Tehachapi, CA: Feb 6- Feb 12

Address Area Bed Bath Sq Ft Lot Sz DOM Sell $
122 W West E Street St Tehachapi City 2 1 624 0.17 20 $90,000
324 E F St Tehachapi City 3 2 1637 0.17 71 $125,000
200 Meadowbrook Ct Tehachapi City 4 2 1155 0.15 25 $160,000
207 W A St Tehachapi City 2 1 1239 0.18 33 $171,500
308 W E St Tehachapi City 3 2 1500 0.18 32 $205,000
27650 Buckpasser Dr Stallion Springs 3 2 2348 0.32 92 $250,000
28121 Braeburn Pl Stallion Springs 3 3 2221 0.41 127 $265,000
812 Mulberry St Tehachapi City 3 2 2100 0.17 82 $280,000

Based on information from the Tehachapi Area Association of REALTORS® (alternatively, from the Tehachapi MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Search Tehachapi Homes for Sale the easy way.

Check out our

2 CLICK HOME SEARCH

to see real time data from the MLS for FREE!