Laura Jewett

Laura Jewett

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Pending

$495,000

($220,871 down)
VA

2248 W MANDALAY Lane, Phoenix, AZ 85023

4
2
1,573 sqft
PITI Monthly
$1,554.78 /mo

Listing courtesy of: Andrew A. Smith, Citiea

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,250 /mo
$2,008 /mo

What's Special

FRESH PAINT
DINING
SPACIOUS
RENOVATED
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
PATIO

Newly renovated property with Assumable loan! Nestled on a highly desirable corner lot, this fabulous gem exudes comfort and convenience. Find a tastefully upgraded interior featuring tall vaulted ceilings, fresh paint, wood-look flooring, and a brick fireplace in the spacious living room. Discover a formal dining room and a sizable family room offering French doors leading to the back patio. The upscale kitchen boasts recessed lighting, tile backsplash, plenty of cabinetry, glossy stainless steel appliances, granite counters, and a breakfast bar. Retreat to the carpeted main bedroom, which provides a pristine ensuite with a floor-to-ceiling tiled shower. Weekends will never be boring in this delightful backyard, complete with a covered patio, pavers, storage shed, and a refreshing pool.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,554.78/mo
Estimated Loan Balance
$279,278
Cash to close
$220,871
Interest Paid
$31,243

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Slump Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Living Room
  • Flooring: Carpet, Vinyl, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
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: Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Painted, Slump Block
  • Roof: Composition
Condition
  • Year Built: 1979
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: GREENWAY NORTH
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $314.69
  • Tax Annual Amount: $1653
  • On Market Date: 2025-03-14T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $220,871 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $220,871!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$274,129
Your Cash$220,871
Total Purchase Price:$495,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,250/mo
Traditional @ 7.5%
$2,083/mo
You save $833/month ($9,992/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6834741

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-03T19:23:24.000Z

© , 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

2.98%
7.15%

Principal & Interest

$1,250 /mo
$2,008 /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 $220,871 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $220,871!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$274,129
Your Cash$220,871
Total Purchase Price:$495,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,250/mo
Traditional @ 7.5%
$2,083/mo
You save $833/month ($9,992/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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