42846 Montello Drive
Lake Elizabeth, CA, 93532
$449,900
MLS: SR25226089
Beds
3
Baths
2
Sq Ft
1,330
Lot
0.21 ac
Year Built
2006
MLS #
SR25226089
Days on Market
170
Listed
Sep 25, 2025
Description
This is a short sale and subject to lender approval. Welcome to this beautifully upgraded single-story home in the peaceful Lake Elizabeth community, where privacy, comfort, and scenic views come together. Built in 2006, this property sits on an elevated lot with a long driveway, offering a sense of seclusion and tranquility. Inside, the open floor plan features 9-foot ceilings, wide-plank Pergo-XP® wood flooring, crown molding, 6-inch baseboards in the living room, and modern wainscoting in the dining area. A cozy pellet stove provides warmth in the winter, while the NEST home protection system adds modern convenience and allows for remote control directly from your phone. The gourmet kitchen is the centerpiece of the home, showcasing GE Slate appliances, an oversized island with state-of-the-art Dekton® countertops (scratch, heat, and stain-resistant), a subway tile backsplash, and an under-mount cast-iron Kohler sink with a chef's faucet. Recessed lighting and a designer light fixture over the island create an inviting atmosphere. The layout is thoughtfully designed for comfort and functionality, with the primary suite located on one side of the home and two additional bedrooms with a shared bath on the other. Outdoors, the private fenced backyard offers easy maintenance, while the front yard is highlighted by mature lilac trees. With a few touch-ups and repairs, this home is ready to shine for its next owner. Whether you're seeking a peaceful retreat with sweeping views or a stylish, updated space to entertain, this property offers the perfect balance of charm and modern upgrades.
Location
Lake Elizabeth, Los Angeles County, CA 93532
Open on Google Maps ↗Listed by: Teri Gordon · Teri Gordon Real Estate
Payment estimate
$3,425
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $44,990 · Loan: $404,910
- Principal & Interest
- $2,488
- Property tax (1.25%)
- $469
- Homeowners insurance
- $300
- Mortgage insurance
- $169
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lake Elizabeth home with as little as 3.5% down using an FHA loan — roughly $15,747 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
USDA Rural Development — 100% Financing＋
ZIP code 93532 qualifies for USDA Rural Development financing — 100% financing with no down payment for income-eligible buyers. USDA loans offer below-market interest rates and reduced mortgage insurance premiums, making this one of the most affordable paths to homeownership in Lake Elizabeth. Check your household income eligibility at eligibility.sc.egov.usda.gov.
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Local Market Stats
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