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Closed
Closed

$439,000

($129,404 down)
FHA

116 E PALOMINO Drive, Gilbert, AZ 85296

3
3
1,564 sqft
PITI Monthly
$1,873.7 /mo

Listing courtesy of: Donna Walkosz, eXp Realty

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,385 /mo
$2,199 /mo
$32,955 in interest paid off

What's Special

SPACIOUS
MOVE-IN READY
MODERN
STAINLESS STEEL APPLIANCES
WALK-IN CLOSET
MASTER SUITE
SEPARATE SHOWER
COMMUNITY POOL
Welcome to your meticulously maintained oasis in the heart of Gilbert! This stunning 3-bed, 2.5-bath home is not just move-in ready; it's a symphony of
comfort & style. Step inside this low-maintenance beauty & be greeted by an open floor plan that's all about modern living. New vynil wood plank floors
set the stage for easy-breezy everyday life. The upgraded kitchen boasts sleek cabinets, new stainless steel appliances, & an inviting breakfast room,
making mornings a delight. Upstairs haven w/3 spacious bedrooms await. An oversized master suite w/ walk-in closet that dreams are ma... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,873.7/mo
Estimated Loan Balance
$311,366
Cash to close
$129,404
Interest Paid
$32,955

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl

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: 2
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2007
Details
  • Builder: Richmond American

Community & HOA

Community
  • Subdivision: VILLAGE AT GILBERT & WARNER
  • Features: Community Pool, Playground
HOA
  • Has HOA: Yes
  • HOA Name: The Village
  • HOA Amenities: Unknown
  • HOA Fee: $125
  • HOA Frequency: $Monthly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $280.69
  • Tax Annual Amount: $1296
  • On Market Date: Nov 17, 2023
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Savings Calculator

Current cash to close is $129,404 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$
0%20%50%

You cover the entire equity of $129,404!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$309,596
Your Cash$129,404
Total Purchase Price:$439,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,385/mo
Traditional @ 7.15%
$2,281/mo
You save $896/month ($10,752/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6631111

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 13, 2025 02:10am

© 2025, 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

3.07%
7.15%

Principal & Interest

$1,385 /mo
$2,199 /mo
$32,955 in interest paid off
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 $129,404 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$
0%20%50%

You cover the entire equity of $129,404!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$309,596
Your Cash$129,404
Total Purchase Price:$439,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,385/mo
Traditional @ 7.15%
$2,281/mo
You save $896/month ($10,752/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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