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Closed
Closed

$550,000

($222,282 down)
VA

1324 E FRANCES Lane, Gilbert, AZ 85295

4
3
2,457 sqft
PITI Monthly
$1,838.01 /mo

Listing courtesy of: Kelsey Donovan, My Home Group Real Estate

Assumed Rate

3.02%
7.15%

Principal & Interest

$1,517 /mo
$2,425 /mo
$48,104 in interest paid off

What's Special

DINING
MOVE-IN READY
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
BALCONY
MOVE-IN READY WITH COUNTLESS UPGRADES! This home features 2 newer AC units, a newer water heater and water softener. It has been beautifully
upgraded with new tile flooring, a stone-covered 2-way gas fireplace, updated bathrooms, recently painted interior, newer appliances, upgraded
landscaping lighting, a dog run and even a Tesla charger! The home is just minutes from both Downtown Chandler and Downtown Gilbert, providing a
wonderful lifestyle with plenty of dining and activities nearby. Each bedroom has their OWN WALK-IN CLOSET and the primary suite has T... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.02
Remaining Loan Term
25 years, 4 months
Monthly PITI
$1,838.01/mo
Estimated Loan Balance
$337,902
Cash to close
$222,282
Interest Paid
$48,104

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Two Way Fireplace, Family Room, Living Room, Gas
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Sewer in & Cnctd, 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
Condition
  • Year Built: 2005
Details
  • Builder: Southwest

Community & HOA

Community
  • Subdivision: SPECTRUM AT VAL VISTA
  • Features: Tennis Court(s), Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Spectrum at Val Vist
  • HOA Amenities: Unknown
  • HOA Fee: $231
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $223.85
  • Tax Annual Amount: $1847
  • On Market Date: Aug 22, 2024
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Savings Calculator

Current cash to close is $222,282 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$
0%20%50%

You cover the entire equity of $222,282!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$327,718
Your Cash$222,282
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,517/mo
Traditional @ 7.15%
$2,515/mo
You save $998/month ($11,972/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6746275

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Nov 25, 2024 08:18pm

© 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

3.02%
7.15%

Principal & Interest

$1,517 /mo
$2,425 /mo
$48,104 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 $222,282 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$
0%20%50%

You cover the entire equity of $222,282!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$327,718
Your Cash$222,282
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,517/mo
Traditional @ 7.15%
$2,515/mo
You save $998/month ($11,972/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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