Laura Jewett

Laura Jewett

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Closed

$400,000

($122,022 down)
FHA

8862 W LAUREL Lane, Peoria, AZ 85345

3
2
1,575 sqft
PITI Monthly
$1,699.56 /mo

Listing courtesy of: Jeri Stanfill, Success Property Brokers

Assumed Rate

2.68%
7.15%

Principal & Interest

$1,235 /mo
$2,062 /mo

What's Special

DESIRED
DINING
SPACIOUS

Great home in hugely desirable Peoria area, close to the 101 and Westgate, and all this growing area has to offer including the new VAI resort and Mattel theme park!.Popular split floor plan includes eat-in kitchen AND formal dining. Owners have upgraded flooring throughout with wood look tile, spacious kitchen allowed them to relocate the refrigerator and put in a coffee/cocktail bar but they are willing to change this back for new owner if desired. Tons of slab granite counter space. Owner's Suite is good sized with and large bath. Newer lighting and ceiling fans, new bath fixtures and mirrors, added new window coverings. Water heater replaced 2023. New range 2024, dishwasher 2022. Backyard has grassy play area and inviting gas firepit area for entertaining. Don't miss out on this one!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.68
Remaining Loan Term
25 years, 10 months
Monthly PITI
$1,699.56/mo
Estimated Loan Balance
$281,030
Cash to close
$122,022
Interest Paid
$32,530

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Single Family - Detached
  • Architectural Style: Ranch
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1997
Details
  • Builder: Coventry/Del Webb

Community & HOA

Community
  • Subdivision: GRANITE RUN
  • Features: Near Bus Stop
HOA
  • Has HOA: Yes
  • HOA Name: Granite Run HOA INC
  • HOA Amenities: Unknown
  • HOA Fee: $212.9
  • HOA Frequency: $Semi-Annually
Location
  • Region: Peoria

Financial Details

  • Price per Sqft: $253.97
  • Tax Annual Amount: $1175
  • On Market Date: 2025-01-04T02:20:03.000Z
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 $122,022 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $122,022!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$277,978
Your Cash$122,022
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$1,235/mo
Traditional @ 7.5%
$2,139/mo
You save $904/month ($10,848/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6800068

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-06T22:57:54.000Z

© , 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

$1,235 /mo
$2,062 /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 $122,022 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $122,022!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$277,978
Your Cash$122,022
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$1,235/mo
Traditional @ 7.5%
$2,139/mo
You save $904/month ($10,848/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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