Laura Jewett

Laura Jewett

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Under Contract

$925,000

($738,314 down)
FHA

38408 N 23RD Drive, Phoenix, AZ 85086

4
2
2,423 sqft
PITI Monthly
$1,556.23 /mo

Listing courtesy of: Neil Brooks, My Home Group Real Estate

Assumed Rate

2.68%
7.15%

Principal & Interest

$831 /mo
$1,388 /mo

What's Special

SPACIOUS
MODERN
PATIO

Equestrian paradise in Desert Hills! Just south of Anthem, this 1.17-acre horse property offers the perfect blend of rural charm and modern convenience. The professional horse setup includes a tack room, turnouts, stalls, and an arena, making it ideal for serious equestrians. A spacious chicken coop and a massive climate-controlled greenhouse with an auto-watering system add to the property's self-sufficient appeal. The move-in-ready 4-bed, 2-bath home has been meticulously updated with a new foam roof, new Anderson windows, and a resurfaced pool with a new pump. Lush natural grass, mature shade trees, and a large covered patio provide the perfect outdoor retreat. Located in a peaceful, horse-friendly community, it's close to town yet feels like a world away! This value also features stalls, chicken coop, and has enough space for horses to roam. Act swiftly!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.68
Remaining Loan Term
25 years, 10 months
Monthly PITI
$1,556.23/mo
Estimated Loan Balance
$187,513
Cash to close
$738,314
Interest Paid
$21,895

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Living Room
  • Flooring: Carpet, Wood

Exterior

Fencing
  • Fencing: Wrought Iron
Roof
  • Roof: Foam
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Septic in & Cnctd, Septic Tank
  • Water Source: Shared Well
Pool
  • Has Pool: Yes
  • Pool Features: Play Pool, Fenced, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Territorial/Santa Fe
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Foam
Condition
  • Year Built: 2000
Details
  • Builder: Beazer

Community & HOA

Community
  • Subdivision: Desert Hills
  • Features: Horse Facility
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $381.76
  • Tax Annual Amount: $4350
  • On Market Date: 2025-02-17T21:30:02.000Z
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 $738,314 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$

You cover the entire equity of $738,314!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$186,686
Your Cash:$738,314
Total Purchase Price:$925,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$831/mo
Traditional @ 7.5%
$1,440/mo
You save $608/month ($7,302/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6822013

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-11T13:13:51.000Z

© , 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

2.68%
7.15%

Principal & Interest

$831 /mo
$1,388 /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 $738,314 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$

You cover the entire equity of $738,314!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$186,686
Your Cash:$738,314
Total Purchase Price:$925,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$831/mo
Traditional @ 7.5%
$1,440/mo
You save $608/month ($7,302/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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