Laura Jewett

Laura Jewett

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Closed

$290,000

($137,875 down)
FHA

513 E PACIFIC Drive, Avondale, AZ 85323

4
2
1,514 sqft
PITI Monthly
$1,047.98 /mo

Listing courtesy of: Mark Michaud, HomeSmart

Assumed Rate

3.47%
7.15%

Principal & Interest

$747 /mo
$1,127 /mo

What's Special

SOLAR PANELS
RENTAL INCOME
INVESTMENT OPPORTUNITY

Discover this inviting 4-bedroom, 1.75 bath home located in Avondale, a thriving community just minutes from the heart of Phoenix. Perfect for an investor or Single Family couple! This property not only offers comfortable living but also presents an excellent investment opportunity with a current tenant already paying per month. The updated kitchen features a gas stove, providing precise cooking control and efficiency, ideal for culinary enthusiasts. The home is equipped with a gas washer and dryer, delivering both energy savings and dependable performance. With a tenant already in place, you can start earning rental income from day one, making this property a hassle-free addition to your investment portfolio. The home comes equipped with solar panels, offering a step towards energy independence and long-term savings on utility bills. While the monthly payment is $200, this cost is offset by the significant reduction in electricity expenses over time, making it a smart investment in today's eco-conscious market. As energy prices continue to rise, solar power positions you ahead of the curve, potentially increasing the property's value and appeal in the future.Situated in Avondale, a community known for its growth and convenience, this home offers both immediate income and long-term value. The solar panels provide an opportunity for future cost savings, making this an investment that pays off in more ways than one. Don't miss today and explore the potential this property has to offer.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.47
Remaining Loan Term
25 years, 1 months
Monthly PITI
$1,047.98/mo
Estimated Loan Balance
$156,623
Cash to close
$137,875
Interest Paid
$27,097

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Stucco, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Ranch
Materials
  • Stucco, Block
  • Roof: Composition
Condition
  • Year Built: 1950
Details
  • Builder: UNK

Community & HOA

Community
  • Subdivision: AVONDALE EAST
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Avondale

Financial Details

  • Price per Sqft: $191.55
  • Tax Annual Amount: $396.74
  • On Market Date: 2024-08-11T13:50:01.000Z
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 $137,875 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $137,875!

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

Loan Breakdown

Assumed Mortgage3.47% Sellers Rate
$152,125
Your Cash$137,875
Total Purchase Price:$290,000

Assumed vs Traditional Mortgage

Assumed @ 3.47%
$747/mo
Traditional @ 7.5%
$1,169/mo
You save $423/month ($5,072/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6742514

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-09-30T09:04:03.000Z

© , 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

3.47%
7.15%

Principal & Interest

$747 /mo
$1,127 /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 $137,875 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $137,875!

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

Loan Breakdown

Assumed Mortgage3.47% Sellers Rate
$152,125
Your Cash$137,875
Total Purchase Price:$290,000

Assumed vs Traditional Mortgage

Assumed @ 3.47%
$747/mo
Traditional @ 7.5%
$1,169/mo
You save $423/month ($5,072/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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