Olivia Medina

Olivia Medina

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$359,000

($46,595 down)
FHA

5533 E DECATUR Street, Mesa, AZ 85205

2
2
1,271 sqft
PITI Monthly
$2,059.31 /mo

Listing courtesy of: Bill Salvatore, Arizona Elite Properties

Assumed Rate

4.17%
7.15%

Principal & Interest

$1,603 /mo
$2,222 /mo

What's Special

REMODELED
LOCATION
SHOPPING
ENTERTAINMENT
SPACIOUS
MOVE-IN READY
WALKING TRAILS
CLOSE TO HIGHWAYS
CHARMING
55+ COMMUNITY

This is what 'Move Right In' really means! Beautifully remodeled with so many tasteful and valuable updates. Recently replaced electrical and plumbing, roof, windows and air conditioning. Durable plank-style flooring, chic kitchen and baths. There's a spacious storage room and separate laundry. The big backyard with 2 large sheds and mature orange tree, is fully fenced and wonderfully private bordering open space with cactus gardens behind. Property taxes are very reasonable and you're in an ideal location close to highways, restaurants, shopping and services. Set in the popular Dreamland Villa 55+ community with OPTIONAL FEE that includes fantastic amenities: pools, sport courts, hobby rooms, walking trails, entertainment. This recently updated home is charming and truly move-in ready!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.17
Remaining Loan Term
27 years, 1 months
Monthly PITI
$2,059.31/mo
Estimated Loan Balance
$313,434
Cash to close
$46,595
Interest Paid
$39,023

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit
  • Heating: Electric
Features
  • Materials: Painted, Brick
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 4
Water
  • Sewer: Septic in & Cnctd
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Painted, Brick
  • Roof: Composition
Condition
  • Year Built: 1964
Details
  • Builder: Farnsworth

Community & HOA

Community
  • Subdivision: DREAMLAND VILLA 7
  • Features: Pickleball, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Community Media Room, Tennis Court(s), Clubhouse, Fitness Center
HOA
  • Has HOA: No
Location
  • Region: Mesa

Financial Details

  • Price per Sqft: $282.45
  • Tax Annual Amount: $880
  • On Market Date: 2025-03-21T19:30:14.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $46,595 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $46,595!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$312,405
Your Cash$46,595
Total Purchase Price:$359,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$1,603/mo
Traditional @ 7.5%
$2,305/mo
You save $702/month ($8,421/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6839178

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-24T18:00:32.000Z

© , 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

4.17%
7.15%

Principal & Interest

$1,603 /mo
$2,222 /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 $46,595 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $46,595!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$312,405
Your Cash$46,595
Total Purchase Price:$359,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$1,603/mo
Traditional @ 7.5%
$2,305/mo
You save $702/month ($8,421/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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