Laura Jewett

Laura Jewett

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Closed

$1,195,000

($348,366 down)
VA

2679 S Velvendo Drive, Gilbert, AZ 85295

5
4
3,771 sqft
PITI Monthly
$4,251.76 /mo

Listing courtesy of: Nancy Holt, Sunrise Investments

Assumed Rate

2.77%
7.15%

Principal & Interest

$3,683 /mo
$6,078 /mo

What's Special

DINING
FIREPLACE
PATIO

Fabulous move in ready Executive Home. Enter through a custom iron gate. Surround sound zones inside and out. Wired for a security system. Double master layout with third wing of three bedrooms. Enter to a den/office on right and look into your living room w fireplace. Formal dining looks out at covered patio which then views the heated pool and spa. No rear neighbors as you back to a walking path along Gilbert's canal. Custom gazebo in the back yard. Amerigas supplied fireplace, fire pit and bbq grill. This VA loan could be assumed if buyers qualify with their VA eligibility.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.77
Remaining Loan Term
26 years, 7 months
Monthly PITI
$4,251.76/mo
Estimated Loan Balance
$850,080
Cash to close
$348,366
Interest Paid
$82,036

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Fire Pit, Living Room, Gas
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block, Wrought Iron
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: Yes
  • Pool Features: Play Pool, Heated, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Spanish
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2015
Details
  • Builder: Meritage Homes

Community & HOA

Community
  • Subdivision: Estates at Velvendo Phase 2
  • Features: Near Bus Stop, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Velvendo Community
  • HOA Amenities: Unknown
  • HOA Fee: $375
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $316.89
  • Tax Annual Amount: $4221
  • On Market Date: 2024-07-04T08:35:41.000Z
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 $348,366 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $348,366!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$846,634
Your Cash$348,366
Total Purchase Price:$1,195,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,683/mo
Traditional @ 7.5%
$6,305/mo
You save $2,621/month ($31,455/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6688704

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-07-09T15:43:34.000Z

© , 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

2.77%
7.15%

Principal & Interest

$3,683 /mo
$6,078 /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 $348,366 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $348,366!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$846,634
Your Cash$348,366
Total Purchase Price:$1,195,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$3,683/mo
Traditional @ 7.5%
$6,305/mo
You save $2,621/month ($31,455/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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