Laura Jewett

Laura Jewett

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$515,000

($250,040 down)
FHA

16618 S 28TH Place, Phoenix, AZ 85048

3
3
1,748 sqft
PITI Monthly
$2,224.45 /mo

Listing courtesy of: Regina Felker, HomeSmart

Assumed Rate

6.71%
7.15%

Principal & Interest

$1,742 /mo
$1,821 /mo

What's Special

SERENE
SPACIOUS
MODERN
GRANITE COUNTERTOPS
VAULTED CEILINGS
PATIO
CHARMING
EFFICIENT
SOLAR PANELS

Charming two-story home nestled in Ahwatukee's desirable 85048 zip code. This energy-efficient 3 bedroom 2.5 bath residence greets you with soaring vaulted ceilings and abundant natural light that accentuate the interior's spaciousness. The main living areas boast elegant wood laminate flooring, while the kitchen is equipped with granite countertops, tile backsplash, and modern appliances. The home is in the sought-after Kyrene School District, two blocks from Kyrene Elementary, Kyrene Akimel A-Al Middle School, and Desert Vista High School. The serene backyard offers a relaxing covered patio overlooking the sparkling pool. This home is equipped with solar panels and a newer AC unit.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.71
Remaining Loan Term
28 years, 4 months
Monthly PITI
$2,224.45/mo
Estimated Loan Balance
$265,219
Cash to close
$250,040
Interest Paid
$29,897

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Synthetic Stucco, Wood Frame, Painted, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Wood

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: Yes
  • Pool Features: Heated, Private

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family Residence
  • Architectural Style: Contemporary
Materials
  • Synthetic Stucco, Wood Frame, Painted, Stucco
  • Roof: Tile
Condition
  • Year Built: 1996
Details
  • Builder: KAUFFMAN AND BROAD HOME SALE

Community & HOA

Community
  • Subdivision: CAYS PAVILION
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: AAM
  • HOA Amenities: Unknown
  • HOA Fee: $200
  • HOA Frequency: $Semi-Annually
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $294.62
  • Tax Annual Amount: $2310
  • On Market Date: 2025-02-14T00:20:07.000Z
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 $250,040 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $250,040!

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

Loan Breakdown

Assumed Mortgage6.71% Sellers Rate
$264,960
Your Cash$250,040
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 6.71%
$1,742/mo
Traditional @ 7.5%
$1,889/mo
You save $147/month ($1,768/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6820496

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-31T06:53:29.000Z

© , 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

6.71%
7.15%

Principal & Interest

$1,742 /mo
$1,821 /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 $250,040 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $250,040!

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

Loan Breakdown

Assumed Mortgage6.71% Sellers Rate
$264,960
Your Cash$250,040
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 6.71%
$1,742/mo
Traditional @ 7.5%
$1,889/mo
You save $147/month ($1,768/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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