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Closed
Closed

$449,999

($176,040 down)
VA

1308 E CLIFTON Avenue, Gilbert, AZ 85295

3
3
1,837 sqft
PITI Monthly
$1,526.42 /mo

Listing courtesy of: Brandon Howe, Howe Realty

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,242 /mo
$2,018 /mo
$36,975 in interest paid off

What's Special

SHOPPING
DINING
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
PATIO
PLAYGROUND
COZY
Welcome to this fantastic 3-bedroom, 2.5-bathroom two-story home on a desirable N/S exposure lot that backs to a greenbelt in the highly sought-after
community of Spectrum at Val Vista. Residents here enjoy a community center, numerous playgrounds, and courts for tennis, bocce ball, basketball,
and pickleball, along with multiple green spaces and walking paths throughout the community. Inside, you'll find an inviting family room with a cozy
fireplace and easy flow to the chef's kitchen, which includes all appliances, ample cabinet and countertop space, and a view window abov... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.89
Remaining Loan Term
25 years, 6 months
Monthly PITI
$1,526.42/mo
Estimated Loan Balance
$282,525
Cash to close
$176,040
Interest Paid
$36,975

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Gas
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile, Concrete
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 - Detached
  • Architectural Style:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile, Concrete
Condition
  • Year Built: 2005
Details
  • Builder: UNK

Community & HOA

Community
  • Subdivision: SPECTRUM AT VAL VISTA PARCEL 1
  • Features: Tennis Court(s), Playground, Biking/Walking Path, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Spectrum Community Assocation
  • HOA Amenities: Unknown
  • HOA Fee: $282
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $244.96
  • Tax Annual Amount: $1414
  • On Market Date: Aug 01, 2024
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Savings Calculator

Current cash to close is $176,040 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$
0%20%50%

You cover the entire equity of $176,040!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$273,959
Your Cash$176,040
Total Purchase Price:$449,999

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,242/mo
Traditional @ 7.15%
$2,093/mo
You save $851/month ($10,214/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6738210

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Nov 06, 2024 12:00am

© 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

2.89%
7.15%

Principal & Interest

$1,242 /mo
$2,018 /mo
$36,975 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 $176,040 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$
0%20%50%

You cover the entire equity of $176,040!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$273,959
Your Cash$176,040
Total Purchase Price:$449,999

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,242/mo
Traditional @ 7.15%
$2,093/mo
You save $851/month ($10,214/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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