Laura Jewett

Laura Jewett

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Closed

$550,000

($287,880 down)
FHA

1255 W Pacific Drive, Gilbert, AZ 85233

4
3
2,515 sqft
PITI Monthly
$1,880.36 /mo

Listing courtesy of: Johnathan Spang, eXp Realty

Assumed Rate

3.8%
7.15%

Principal & Interest

$1,344 /mo
$1,948 /mo

What's Special

SHOPPING
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
MASTER SUITE
COZY

Welcome to Island Living! The seller is offering a $15,000 credit towards rate buy down or closing costs! The home features a new roof, windows, interior paint & kitchen counters, interior shades, HVAC & more! Step into the open-concept living area, boasting high ceilings and abundant natural light. The spacious living room with a cozy fireplace flows seamlessly into the dining area, creating the perfect ambiance for family gatherings. The gourmet kitchen is a chef's dream, featuring stainless steel appliances, quartz countertops, and ample storage. The master suite offers a retreat with a private ensuite bath and a walk-in closet, while additional bedrooms provide versatility for an office or guest room. You'll also enjoy easy access to top-rated schools, shopping, dining, and more

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.8
Remaining Loan Term
24 years, 4 months
Monthly PITI
$1,880.36/mo
Estimated Loan Balance
$462,252
Cash to close
$287,880
Interest Paid
$58,781

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Family Room
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Sewer in & Cnctd, Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1989
Details
  • Builder: US Homes

Community & HOA

Community
  • Subdivision: ISLANDS
  • Features: Community Spa Htd, Community Pool, Near Bus Stop, Lake Subdivision, Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: The Islands Patio Ho
  • HOA Amenities: Unknown
  • HOA Fee: $100.25
  • HOA Frequency: $Monthly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $218.69
  • Tax Annual Amount: $1983
  • On Market Date: 2024-07-04T07:01:33.000Z
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 $287,880 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $287,880!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$262,120
Your Cash:$287,880
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,344/mo
Traditional @ 7.5%
$2,021/mo
You save $677/month ($8,122/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6628707

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-03-08T09:06:45.000Z

© , 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

3.8%
7.15%

Principal & Interest

$1,344 /mo
$1,948 /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 $287,880 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $287,880!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$262,120
Your Cash:$287,880
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$1,344/mo
Traditional @ 7.5%
$2,021/mo
You save $677/month ($8,122/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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