Olivia Medina

Olivia Medina

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Active

$1,199,500

($792,197 down)
VA

6550 N 7th Street, Phoenix, AZ 85014

6
5
5,601 sqft
PITI Monthly
$2,689.41 /mo

Listing courtesy of: Mary Lieb, Compass

Assumed Rate

3.02%
7.15%

Principal & Interest

$1,902 /mo
$3,039 /mo

What's Special

REMODELED

Here's your chance to own something truly special in North Central—a home that sits on just under a half-acre and on one of the area's most sought-after streets. The main house offers over 4,000 sq. ft. of space, elegant stone floors, a stunning wrought iron staircase with hand crafted granite steps leading to the second story; has all been revamped in recent years. Remodeled bathrooms and a refreshed Arizona room offers new flooring and it's own cooling unit create a multitude of uses, includes separate kitchen hook-ups. The home is equipped with powerful HVAC systems, including two 4-ton units for the main house and a 1.5-ton split unit for the Arizona room. Tucked away in the back, the 1,540 sq. ft. guest house was originally built as an RV garage but has been thoughtfully transformed into an industrial loft style, 2-bedroom, 1-bath homeideal for guests, family, or even rental potential, includes a 3-ton AC unit. Out back, there's a wrap around diving pool, installed in 2014 and the pool pump was just replaced in 2023. For the car collector, this property offers parking for up to 12 vehicles, plus a 2-car garage. This is more than just a home; it's a rare opportunity to own a piece of North Central Phoenix with space, updates, and versatility that's hard to find.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.02
Remaining Loan Term
25 years, 6 months
Monthly PITI
$2,689.41/mo
Estimated Loan Balance
$408,178
Cash to close
$792,197
Interest Paid
$58,259

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 5
Cooling & Heating
  • Cooling: Ceiling Fan(s), Mini Split, Refrigeration
  • Heating: Mini Split, Natural Gas
Features
  • Materials: Painted, Slump Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 2 Fireplace, Family Room, Living Room
  • Flooring: Stone, Concrete

Exterior

Fencing
  • Fencing: Block, Wrought Iron
Roof
  • Roof: Tile, Built-Up
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: Yes
  • Pool Features: Diving Pool, Private

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Painted, Slump Block
  • Roof: Tile, Built-Up
Condition
  • Year Built: 1973
Details
  • Builder: Custom

Community & HOA

Community
  • Subdivision: MILTONS GROVES LOT 39 EX
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $214.16
  • Tax Annual Amount: $5848
  • On Market Date: 2025-01-29T17:50:10.000Z
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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 $792,197 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $792,197!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$407,303
Your Cash:$792,197
Total Purchase Price:$1,199,500

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,902/mo
Traditional @ 7.5%
$3,153/mo
You save $1,251/month ($15,007/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6812279

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-09T08:04:58.000Z

© , 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

3.02%
7.15%

Principal & Interest

$1,902 /mo
$3,039 /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 $792,197 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $792,197!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$407,303
Your Cash:$792,197
Total Purchase Price:$1,199,500

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,902/mo
Traditional @ 7.5%
$3,153/mo
You save $1,251/month ($15,007/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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