Laura Jewett

Laura Jewett

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Closed

$385,000

($282,506 down)
FHA

12220 N ESCOBAR Way, Phoenix, AZ 85022

3
2
1,224 sqft
PITI Monthly
$891.49 /mo

Listing courtesy of: Rina Geist, HomeSmart

Assumed Rate

3.6%
7.15%

Principal & Interest

$573 /mo
$851 /mo

What's Special

LOCATION
FRESH PAINT
MODERN
SAFE
PUBLIC TRANSPORTATION
COZY

Welcome to your next chapter in Phoenix living! This beautifully refreshed home offers 1,224 square feet of thoughtfully updated living space, featuring three bedrooms and two bathrooms that perfectly balance comfort with modern style. Step into a home that's been lovingly transformed with attention to every detail. The showstopping kitchen is a chef's dream, boasting sleek quartz countertops, new recessed lighting, and a full suite of included appliances. The gas stove will bring out your inner culinary artist, while the contemporary design elements create an inviting space for both cooking and gathering. Throughout the home, you'll find premium updates that make daily living a joy. The living room, kitchen, hallway, and bathrooms showcase elegant wood-look porcelain tile flooring that's both beautiful and practical. Fresh paint inside and out gives the entire property a clean, contemporary feel, while new windows throughout ensure energy efficiency and abundant natural light. Comfort comes standard with a four-year-old air conditioning system that keeps utility bills surprisingly low. Refer to Document section for utility bills and prepare to be AMAZED! The home's practical features extend to safety and security, with newly installed security screen doors at both the front and back entrances. This home is move in ready. Storage solutions abound, including a versatile outbuilding in the backyard that can serve as either a storage space or a cozy workshop for your hobbies and projects. It's the perfect spot to organize your belongings or create your own private retreat. The location offers the best of Phoenix living, with Paradise Valley Christian Preparatory nearby for families with school-age children. Outdoor enthusiasts will appreciate being just a short drive from Lookout Mountain Park, perfect for weekend adventures and daily exercise. Public transportation is easily accessible, making commuting a breeze. This thoughtfully updated home offers the perfect blend of modern amenities and practical living space. Whether you're cooking in the gourmet kitchen, relaxing in one of the three comfortable bedrooms, or tinkering in your workshop, you'll find everything you need for comfortable living. With all these updates and improvements, this gem won't be available for long! Come take a tour and prepare to fall in love with your new home. This is more than just a house - it's the beginning of your next great adventure in Phoenix living. List of updates and features in Doc Tab.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.6
Remaining Loan Term
21 years, 4 months
Monthly PITI
$891.49/mo
Estimated Loan Balance
$103,022
Cash to close
$282,506
Interest Paid
$35,825

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
  • Heating: Natural Gas
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Other
Materials
  • Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1966
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: CACTUS GARDENS LOT 1-25, 87-94 & TRS A, B & C
  • Features: Near Bus Stop
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $314.54
  • Tax Annual Amount: $955
  • On Market Date: 2025-02-22T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $282,506 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $282,506!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$102,494
Your Cash:$282,506
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$573/mo
Traditional @ 7.5%
$882/mo
You save $310/month ($3,717/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6824718

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-28T08:09:01.000Z

© , Arizona Regional Multiple Listing Service (ARMLS). 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

3.6%
7.15%

Principal & Interest

$573 /mo
$851 /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 $282,506 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $282,506!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$102,494
Your Cash:$282,506
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$573/mo
Traditional @ 7.5%
$882/mo
You save $310/month ($3,717/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© 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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