Laura Jewett

Laura Jewett

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Pending

$279,000

($186,359 down)
FHA

5503 E ARCADIA Avenue, Mesa, AZ 85206

2
2
1,025 sqft
PITI Monthly
$744.36 /mo

Listing courtesy of: Tiffany Backie, Weichert Realtors - Upraise

Assumed Rate

3.77%
7.15%

Principal & Interest

$476 /mo
$693 /mo

What's Special

SHOPPING
SPACIOUS
RENOVATED
PATIO
CLUBHOUSE
COZY
SOLAR PANELS
55+ COMMUNITY

Lovely home in the highly sought-after 55+ community of Velda Rose Gardens.HOA ONLY $50.00 per month.Brand new paint inside & out. Large open floor plan with new windows, doors, lights.A/C unit is in great condition. Completely renovated kitchen with brand new appliances! All renovated bathrooms & showers with new tile.AZ Room with French doors is great as a 3rd bedroom or an office/den. Spacious covered patio in the front Covered carport for 2 cars, and has a huge workshop with shelving. The backyard patio is covered & private, making it super cozy. The yard has mature fruit trees & RV hook-ups wi/water and electric.The home comes with SOLAR panels,Community amenities include a heated pool & spa, shuffleboard, and a clubhouse. Close to shopping, restaurants, & fwys.Come and take a look.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.77
Remaining Loan Term
24 years, 5 months
Monthly PITI
$744.36/mo
Estimated Loan Balance
$92,826
Cash to close
$186,359
Interest Paid
$20,451

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
  • Heating: ENERGY STAR Qualified Equipment, Other, Electric
Features
  • Materials: Steel Frame, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Other, Partial
Roof
  • Roof: Other, Foam, Metal
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: Mfg/Mobile Housing
  • Architectural Style: Ranch
Materials
  • Steel Frame, Wood Frame, Painted
  • Roof: Other, Foam, Metal
Condition
  • Year Built: 1982
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: VELDA ROSE GARDENS
  • Features: Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Community Media Room, Biking/Walking Path, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Velda Rose Gardens
  • HOA Amenities: Unknown
  • HOA Fee: $600
  • HOA Frequency: $Annually
Location
  • Region: Mesa

Financial Details

  • Price per Sqft: $272.2
  • Tax Annual Amount: $544
  • On Market Date: 2024-07-04T08:29:15.000Z
Inquire about this property

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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 $186,359 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $186,359!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$92,641
Your Cash:$186,359
Total Purchase Price:$279,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$476/mo
Traditional @ 7.5%
$719/mo
You save $242/month ($2,910/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6708977

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-23T18:42:47.000Z

© , 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

3.77%
7.15%

Principal & Interest

$476 /mo
$693 /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 $186,359 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $186,359!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$92,641
Your Cash:$186,359
Total Purchase Price:$279,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$476/mo
Traditional @ 7.5%
$719/mo
You save $242/month ($2,910/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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