Laura Jewett

Laura Jewett

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Pending

$450,000

($294,079 down)
FHA

2040 W VIRGINIA Avenue, Phoenix, AZ 85009

3
2
1,279 sqft
PITI Monthly
$1,361.91 /mo

Listing courtesy of: Brooke C Martin, Compass Point Realty

Assumed Rate

3.84%
7.15%

Principal & Interest

$924 /mo
$1,333 /mo

What's Special

REMODELED
OPEN CONCEPT
SPACIOUS
MODERN
GRANITE COUNTERTOPS
PATIO
MATURE TREES

Fantastic upgraded home with designer touches located in Central Phoenix in Encanto Estates on a large corner lot. Elegant touches throughout this unique home. Open concept floor plan with gorgeous tile flooring, french doors and updated lighting! Eat in kitchen offers granite countertops, shaker cabinets & SS appliances! Bathrooms have custom tiled showers and shaker vanities! Spacious bedrooms with picture windows! Large backyard with a patio and mature trees! Best of both worlds with this home. Unique look outside, modern touches with new windows. Fully remodeled with new plumbing throughout home, newer electrical panel, AC replaced 2021, and much more. This move in ready home is awaiting your arrival! Slab parking and 1CG in back of home. Close to downtown....

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.84
Remaining Loan Term
20 years, 3 months
Monthly PITI
$1,361.91/mo
Estimated Loan Balance
$219,013
Cash to close
$294,079
Interest Paid
$66,682

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Sewer in & Cnctd, Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1958
Details
  • Builder: UNK

Community & HOA

Community
  • Subdivision: ENCANTO ESTATES
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $351.84
  • Tax Annual Amount: $1776
  • On Market Date: 2025-03-23T00:20:07.000Z
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 $294,079 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $294,079!

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

Loan Breakdown

Assumed Mortgage3.84% Sellers Rate
$155,921
Your Cash:$294,079
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.84%
$924/mo
Traditional @ 7.5%
$1,383/mo
You save $459/month ($5,503/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6839813

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-03T03:45:03.000Z

© , 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

3.84%
7.15%

Principal & Interest

$924 /mo
$1,333 /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 $294,079 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $294,079!

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

Loan Breakdown

Assumed Mortgage3.84% Sellers Rate
$155,921
Your Cash:$294,079
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.84%
$924/mo
Traditional @ 7.5%
$1,383/mo
You save $459/month ($5,503/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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