$725,000
($535,909 down)721 W CHERRYWOOD Drive, Chandler, AZ 85248
PITI Monthly
Listing courtesy of: Andrea M Serrano, Compass
Assumed Rate
3.68%
7.15%Principal & Interest
$1,223 /mo
$1,798 /moWhat's Special
Rare 3.875% Assumable FHA Loan - Save Big on Monthly Payments! This 2,666 sq. ft. home in a sought-after community offers 3 bedrooms, a den, and plenty of space to live, work, and relax. The kitchen is perfect for everyday meals or entertaining, while the Mediterranean-inspired backyard features a peaceful fountain, patio, and room to unwind. Located minutes from golf, walking trails, and a community lake, this home offers both comfort and convenience. Take advantage of the low 3.875% assumable loan and save hundreds per month compared to today's rates. Don't miss this rare opportunity!
Assumption Snapshot
Type of Loan
FHA
Interest Rate
3.68
Remaining Loan Term
17 years, 5 months
Monthly PITI
$1,849.47/mo
Estimated Loan Balance
$189,732
Cash to close
$535,909
Interest Paid
$106,787
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Cooling & Heating
- Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat
- Heating: Natural Gas
Features
- Materials: Synthetic Stucco, Wood Frame, Low VOC Paint, Painted, Stucco
- Community: Unknown
- Has Fireplace: No
- Fireplace Features: None
- Flooring: Tile, Wood
Exterior
Fencing
- Fencing: Block
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: No
- Pool Features: None
Construction
Type & Style
- Stories: 1
- Home type: Single Family Residence
- Architectural Style:
Materials
- Synthetic Stucco, Wood Frame, Low VOC Paint, Painted, Stucco
- Roof: Tile
Condition
- Year Built: 1998
Details
- Builder: Earlie Homes
Community & HOA
Community
- Subdivision: OAKWOOD LAKES
- Features: Lake
HOA
- Has HOA: Yes
- HOA Name: Oakwood Lakes
- HOA Amenities: Unknown
- HOA Fee: $255.11
- HOA Frequency: $Quarterly
Location
- Region: Chandler
Financial Details
- Price per Sqft: $271.94
- Tax Annual Amount: $2659
- On Market Date: 2025-02-26T04:31:09.000Z
Inquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $535,909!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: 6826304
Listing From: Arizona Regional Multiple Listing Service (ARMLS)
Last updated: 2025-03-27T18:01:07.000Z
© , 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
3.68%
7.15%Principal & Interest
$1,223 /mo
$1,798 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $535,909!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000Resources
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