Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$495,000

($70,504 down)
FHA

16245 W MERCER Lane, Surprise, AZ 85379

4
4
2,810 sqft
PITI Monthly
$3,271.04 /mo

Listing courtesy of: Sundi Brown, Revinre

Assumed Rate

6.11%
7.15%

Principal & Interest

$2,657 /mo
$2,958 /mo

What's Special

DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
WALK-IN CLOSET
SOAKING TUB
PATIO

UPDATE! We're excited to announce a special incentive for buyers! Sellers are now offering a $10,000 credit towards new carpet or flooring of your choice with a full price offer. Don't miss this opportunity to customize your new home to your exact preferences! This spacious 4-bed, 3.5-bath home in Greer Ranch South Community exudes warmth, comfort, & timeless elegance. Upon entering, you're greeted by the large living & dining room, which promises to host countless memories. Great room sits cozily between the kitchen and the outdoor patio for the ultimate indoor/outdoor lifestyle living. The kitchen was updated in 2020. There you'll find recessed lighting, a pantry, honey oak cabinetry, stainless steel appliances, granite counters, an island, & a breakfast bar. Privately tucked away, the main bedroom is a haven of relaxation, complete w/an ensuite w/dual sinks, soaking tub, & a walk-in closet. Discover the spacious backyard offering a covered patio, pavers, fire pit, storage shed, & play area. New AC Units and water softener in 2023. Interior and exterior paint and gravel landscaping in 2020.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 7 months
Monthly PITI
$3,271.04/mo
Estimated Loan Balance
$430,372
Cash to close
$70,504
Interest Paid
$63,740

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: 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: Contemporary
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2005
Details
  • Builder: Greystone Homes Inc

Community & HOA

Community
  • Subdivision: GREER RANCH SOUTH PARCEL 21
  • Features: Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Greer Ranch South
  • HOA Amenities: Unknown
  • HOA Fee: $198
  • HOA Frequency: $Quarterly
Location
  • Region: Surprise

Financial Details

  • Price per Sqft: $176.16
  • Tax Annual Amount: $1650
  • On Market Date: 2024-07-04T07:25:51.000Z
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 $70,504 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $70,504!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$424,496
Your Cash$70,504
Total Purchase Price:$495,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,657/mo
Traditional @ 7.5%
$3,068/mo
You save $411/month ($4,937/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6596078

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-09-27T21:37:06.000Z

© , 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

6.11%
7.15%

Principal & Interest

$2,657 /mo
$2,958 /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 $70,504 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $70,504!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$424,496
Your Cash$70,504
Total Purchase Price:$495,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,657/mo
Traditional @ 7.5%
$3,068/mo
You save $411/month ($4,937/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.