Laura Jewett

Laura Jewett

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

$390,000

($23,803 down)
FHA

16616 E Palisades Boulevard UNIT 206, Fountain Hills, AZ 85268

2
2
1,253 sqft
PITI Monthly
$2,811.7 /mo

Listing courtesy of: Susan Pellegrini, MCO Realty

Assumed Rate

6.43%
7.15%

Principal & Interest

$2,341 /mo
$2,519 /mo

What's Special

LOCATION
SHOPPING
MODERN
STAINLESS STEEL APPLIANCES
MOUNTAIN VIEWS

Perfectly located in the heart of Fountain Hills, this updated condo offers privacy and convenience. Stroll to shopping, the Farmers Market, and Fountain Hills Park. With only two units in the building, there are no neighbors above or beside! Enjoy views of the iconic Fountain Hills Fountain from the living room, plus three private balconies—one with stunning Four Peaks mountain views. Inside, you'll find tasteful finishes. Travertine tile, plush carpeting, and a kitchen with stainless steel appliances. Both bathrooms feature modern vanities, fixtures, and tiled showers. A newer A/C unit ensures year-round comfort. This gem combines privacy, quality finishes, and an unbeatable location. Don't miss out!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.43
Remaining Loan Term
28 years, 3 months
Monthly PITI
$2,811.7/mo
Estimated Loan Balance
$366,948
Cash to close
$23,803
Interest Paid
$41,576

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Synthetic Stucco, Steel Frame, Painted, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring:

Exterior

Fencing
  • Fencing: Wrought Iron
Roof
  • Roof: Built-Up
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Public Sewer
  • Water Source: Pvt Water Company
Pool
  • Has Pool: No
  • Pool Features: Fenced

Construction

Type & Style
  • Stories: 2
  • Home type: Apartment
  • Architectural Style:
Materials
  • Synthetic Stucco, Steel Frame, Painted, Stucco
  • Roof: Built-Up
Condition
  • Year Built: 1987
Details
  • Builder: unknown

Community & HOA

Community
  • Subdivision: SONORA VILLAS UT 101-109 201 205-207
  • Features: Community Pool
HOA
  • Has HOA: Yes
  • HOA Name: Sun Villas
  • HOA Amenities: Unknown
  • HOA Fee: $311
  • HOA Frequency: $Monthly
Location
  • Region: Fountain Hills

Financial Details

  • Price per Sqft: $311.25
  • Tax Annual Amount: $683
  • On Market Date: 2025-01-15T21:40:03.000Z
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 $23,803 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $23,803!

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

Loan Breakdown

Assumed Mortgage6.43% Sellers Rate
$366,197
Your Cash$23,803
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 6.43%
$2,341/mo
Traditional @ 7.5%
$2,520/mo
You save $179/month ($2,154/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6805414

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-12T20:07:24.000Z

© , 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

6.43%
7.15%

Principal & Interest

$2,341 /mo
$2,519 /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 $23,803 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $23,803!

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

Loan Breakdown

Assumed Mortgage6.43% Sellers Rate
$366,197
Your Cash$23,803
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 6.43%
$2,341/mo
Traditional @ 7.5%
$2,520/mo
You save $179/month ($2,154/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.