Laura Jewett

Laura Jewett

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Closed

$299,990

($217,239 down)
FHA

2042 W ELM Street, Phoenix, AZ 85015

3
2
1,544 sqft
PITI Monthly
$708.78 /mo

Listing courtesy of: Ekaterina Kiepke, Jason Mitchell Real Estate

Assumed Rate

2.8%
7.15%

Principal & Interest

$437 /mo
$675 /mo

What's Special

LOCATION
FRESH PAINT
SPACIOUS
MOVE-IN READY
MODERN

Experience modern living in this beautifully upgraded single level 3 bedroom, 2 bath townhome. Featuring an open-concept layout, this home offers spacious bedrooms, stylish bathrooms, and an upgraded kitchen with granite counters tops and stainless-steel appliances. This townhome home has been updated with brand new carpet throughout, new bathroom vanities and fixtures, and fresh paint. HVAC has been replaced in 2020. Enjoy the convenience of single level living with plenty of natural light, and a large private courtyard perfect for both relaxation and entertaining. Located in a desirable neighborhood with easy access to local amenities. Ideal for those seeking a move-in ready home in a prime location.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.8
Remaining Loan Term
20 years, 3 months
Monthly PITI
$708.78/mo
Estimated Loan Balance
$88,347
Cash to close
$217,239
Interest Paid
$11,692

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: Carpet, Tile

Exterior

Fencing
  • Fencing: Block, Wire
Roof
  • Roof: Built-Up
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 2
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: Other
Materials
  • Painted, Block
  • Roof: Built-Up
Condition
  • Year Built: 1970
Details
  • Builder: None

Community & HOA

Community
  • Subdivision: PARK MEDITERRANE TOWNHOUSES
  • Features: Gated, Community Pool, Near Light Rail Stop, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Park Mediterrane
  • HOA Amenities: Unknown
  • HOA Fee: $275.2
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $194.29
  • Tax Annual Amount: $657
  • On Market Date: 2024-08-16T00:00:00.000Z
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 $217,239 (72%)
You can enter any amount below - secondary financing will cover the difference if needed.
72%
$

You cover the entire equity of $217,239!

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

Loan Breakdown

Assumed Mortgage2.8% Sellers Rate
$82,751
Your Cash:$217,239
Total Purchase Price:$299,990

Assumed vs Traditional Mortgage

Assumed @ 2.8%
$437/mo
Traditional @ 7.5%
$698/mo
You save $261/month ($3,127/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6743440

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-27T09:00:22.000Z

© , 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

2.8%
7.15%

Principal & Interest

$437 /mo
$675 /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 $217,239 (72%)
You can enter any amount below - secondary financing will cover the difference if needed.
72%
$

You cover the entire equity of $217,239!

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

Loan Breakdown

Assumed Mortgage2.8% Sellers Rate
$82,751
Your Cash:$217,239
Total Purchase Price:$299,990

Assumed vs Traditional Mortgage

Assumed @ 2.8%
$437/mo
Traditional @ 7.5%
$698/mo
You save $261/month ($3,127/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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