Olivia Medina

Olivia Medina

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$480,000

($341,427 down)
FHA

2137 E CORNELL Drive, Tempe, AZ 85283

3
2
1,432 sqft
PITI Monthly
$1,658.4 /mo

Listing courtesy of: Jenny Elisa McCall, My Home Group Real Estate

Assumed Rate

5.5%
7.15%

Principal & Interest

$1,171 /mo
$1,393 /mo

What's Special

REMODELED
DINING
SPACIOUS
MODERN
FIREPLACE
DECK
CHARMING
COZY

Charming Tempe Gem with Endless Potential! Discover this fantastic opportunity in one of Tempe's most sought-after neighborhoods! This adorable three-bedroom, two-bath home effortlessly blends comfort and convenience. Step inside to find new vinyl flooring in the master and secondary bedrooms, complemented by a beautifully remodeled master bath featuring a modern shower and vanity. The open floor plan connects the kitchen to the cozy living room, complete with a fireplace and backyard views—perfect for relaxation and entertaining. An additional separate family room provides even more space to gather or unwind. Outside, enjoy low-maintenance front and back yards. The backyard's unique featurea covered pool areaoffers versatility: keep the spacious deck as is or easily convert it back to a pool, giving you the best of both worlds. Situated in a vibrant community, this home offers convenient access to Waymo transportation, Tempe transit options, and scenic biking paths. Plus, you'll be just minutes from freeway access, dining, and community events. Don't miss your chance to make this home your ownschedule a showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.5
Remaining Loan Term
14 years, 3 months
Monthly PITI
$1,658.4/mo
Estimated Loan Balance
$140,165
Cash to close
$341,427
Interest Paid
$153,650

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Stone, Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring: Vinyl, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
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 Residence
  • Architectural Style: Ranch
Materials
  • Painted, Stone, Block
  • Roof: Composition
Condition
  • Year Built: 1974
Details
  • Builder: Knoell builders

Community & HOA

Community
  • Subdivision: KNOELL TEMPE UNIT 6
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Tempe

Financial Details

  • Price per Sqft: $335.2
  • Tax Annual Amount: $2099
  • On Market Date: 2025-03-28T22:10:08.000Z
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.

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Savings Calculator

Current cash to close is $341,427 (71%)
You can enter any amount below - secondary financing will cover the difference if needed.
71%
$

You cover the entire equity of $341,427!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$138,573
Your Cash:$341,427
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$1,171/mo
Traditional @ 7.5%
$1,445/mo
You save $274/month ($3,286/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6842771

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-31T17:45:25.000Z

© , 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

5.5%
7.15%

Principal & Interest

$1,171 /mo
$1,393 /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 $341,427 (71%)
You can enter any amount below - secondary financing will cover the difference if needed.
71%
$

You cover the entire equity of $341,427!

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

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$138,573
Your Cash:$341,427
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$1,171/mo
Traditional @ 7.5%
$1,445/mo
You save $274/month ($3,286/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Porter Group AZ
Agent/Broker
Olivia MedinaPorter Group AZ(480) 779-7722olivia@portergroupaz.comMLS

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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 Porter Group AZ 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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