Olivia Medina

Olivia Medina

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$320,000

($66,613 down)
FHA

8531 N 37TH Avenue, Phoenix, AZ 85051

3
1
1,325 sqft
PITI Monthly
$1,544.46 /mo

Listing courtesy of: Yessica Jasmin Arellano Correa, REALTY ONE GROUP AZ

Assumed Rate

2.585%
7.15%

Principal & Interest

$1,106 /mo
$1,870 /mo

What's Special

SPACIOUS

Come Check out this one of a kind opportunity with an option to assume the loan with an interest rate of 2.5%. This beautiful property has 3 beds/1 bath and extra space with an Arizona Room and a spacious backyard, perfect for kids to run around. Easy and close access to Freeway, for a faster commute. View private remarks for more details.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.585
Remaining Loan Term
26 years, 3 months
Monthly PITI
$1,544.46/mo
Estimated Loan Balance
$255,748
Cash to close
$66,613
Interest Paid
$25,720

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit
  • Heating: Electric
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block, Chain Link
Roof
  • Roof: Foam
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
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
  • Painted, Block
  • Roof: Foam
Condition
  • Year Built: 1959
Details
  • Builder: NA

Community & HOA

Community
  • Subdivision: SUNSET GARDENS
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $241.51
  • Tax Annual Amount: $1104
  • On Market Date: 2025-03-14T14:30:09.000Z
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.

Apply now

Savings Calculator

Current cash to close is $66,613 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $66,613!

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

Loan Breakdown

Assumed Mortgage2.585% Sellers Rate
$253,387
Your Cash$66,613
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 2.585%
$1,106/mo
Traditional @ 7.5%
$2,136/mo
You save $1,030/month ($12,356/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6835305

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-14T16:39:16.000Z

© , 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

2.585%
7.15%

Principal & Interest

$1,106 /mo
$1,870 /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 $66,613 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $66,613!

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

Loan Breakdown

Assumed Mortgage2.585% Sellers Rate
$253,387
Your Cash$66,613
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 2.585%
$1,106/mo
Traditional @ 7.5%
$2,136/mo
You save $1,030/month ($12,356/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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