Laura Jewett

Laura Jewett

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Closed

$339,000

($26,918 down)
FHA

1850 E MARYLAND Avenue UNIT 48, Phoenix, AZ 85016

2
1
797 sqft
PITI Monthly
$2,283.12 /mo

Listing courtesy of: Juan Ramirez, HomeSmart

Assumed Rate

5.41%
7.15%

Principal & Interest

$1,794 /mo
$2,155 /mo

What's Special

LOCATION
GATED COMMUNITY
SHOPPING
PATIO
COMMUNITY POOL
COZY

Located in the secure gated Community of Biltmore Gardens, This luxurious townhome offers convenience by providing multiple amenities such as: community pool, spa, and gym . A cozy front patio to enjoy a morning coffee is just the beginning. Come inside to find a perfectly flowing open layout, perfect for entertaining! The kitchen boasts SS wall oven & cooktop elec, granite counters, glass tile backsplash, and handsome cabinetry. Outback, you have a covered patio to relax or enjoy BBQ. This Phoenix location is what city living is all about - close to hiking trails, restaurants, shopping and Freeways.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.41
Remaining Loan Term
27 years, 5 months
Monthly PITI
$2,283.12/mo
Estimated Loan Balance
$316,226
Cash to close
$26,918
Interest Paid
$43,820

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Block, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: 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: Townhouse
  • Architectural Style: Ranch
Materials
  • Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
Condition
  • Year Built: 1970
Details
  • Builder: unknown

Community & HOA

Community
  • Subdivision: Patio 71 Homes of the Biltmore Gardens
  • Features: Gated Community, Community Spa Htd, Community Pool Htd, Clubhouse, Fitness Center
HOA
  • Has HOA: Yes
  • HOA Name: Biltmore Gardens
  • HOA Amenities: Unknown
  • HOA Fee: $285
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $425.35
  • Tax Annual Amount: $1358
  • On Market Date: 2024-04-02T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $26,918 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $26,918!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$312,082
Your Cash$26,918
Total Purchase Price:$339,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$1,794/mo
Traditional @ 7.5%
$2,236/mo
You save $442/month ($5,301/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6683589

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-08-06T20:41:14.000Z

© , 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

5.41%
7.15%

Principal & Interest

$1,794 /mo
$2,155 /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 $26,918 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $26,918!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$312,082
Your Cash$26,918
Total Purchase Price:$339,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$1,794/mo
Traditional @ 7.5%
$2,236/mo
You save $442/month ($5,301/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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