Laura Jewett

Laura Jewett

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Under Contract

$615,000

($284,262 down)
VA

608 E ELK RIDGE Drive, Payson, AZ 85541

3
3
2,581 sqft
PITI Monthly
$1,969.38 /mo

Listing courtesy of: Michael Griffith, Limitless Real Estate

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,506 /mo
$2,391 /mo

What's Special

SPACIOUS
GRANITE COUNTERTOPS
VAULTED CEILINGS
DECK
MOUNTAIN VIEWS

Welcome to this beautifully maintained 3-bedroom, 2.5-bath home with 2,581 sq. ft. of living space, perfectly situated to enjoy stunning mountain views. Large windows with automatic blinds fill the space with natural light, showcasing the scenic backdrop. The open floor plan features vaulted ceilings that create a spacious, airy feel. The kitchen offers granite countertops, an abundance of cabinetry for storage, and a functional layout perfect for both everyday living and entertaining. Additional highlights include a roof less than a year old, a separate laundry room, and a spacious basement with plenty of storage. Step outside to upper and lower decks, perfect for entertaining or relaxing, and enjoy the peaceful setting just minutes from town.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$1,969.38/mo
Estimated Loan Balance
$332,707
Cash to close
$284,262
Interest Paid
$34,988

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Electric, Natural Gas
Features
  • Materials: Siding, Stone, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 2 Fireplace, Family Room, Gas
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Sewer in & Cnctd, Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Siding, Stone, Frame - Wood
  • Roof: Composition
Condition
  • Year Built: 1997
Details
  • Builder: Iverson

Community & HOA

Community
  • Subdivision: ELK RIDGE
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: Elk Ridge POA
  • HOA Amenities: Unknown
  • HOA Fee: $35
  • HOA Frequency: $Annually
Location
  • Region: Payson

Financial Details

  • Price per Sqft: $238.28
  • Tax Annual Amount: $3562
  • On Market Date: 2024-12-19T00:00:00.000Z
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 $284,262 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $284,262!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$330,738
Your Cash$284,262
Total Purchase Price:$615,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,506/mo
Traditional @ 7.5%
$2,480/mo
You save $974/month ($11,690/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6794401

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-02-11T18:53:22.000Z

© , 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

3.07%
7.15%

Principal & Interest

$1,506 /mo
$2,391 /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 $284,262 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $284,262!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$330,738
Your Cash$284,262
Total Purchase Price:$615,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,506/mo
Traditional @ 7.5%
$2,480/mo
You save $974/month ($11,690/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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