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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$724,990

($455,296 down)
FHA

1414 E BROWN Street, Phoenix, AZ 85020

N/A
N/A
sqft
PITI Monthly
$1,765.07 /mo

Listing courtesy of: John Reyes, HomeSmart

Assumed Rate

3.31%
7.15%

Principal & Interest

$1,285 /mo
$1,979 /mo
$45,317 in interest paid off

What's Special

CUL-DE-SAC
INVESTMENT OPPORTUNITY
Brand new roof! Brand new plumbing! Carport with 6 spaces (2 per unit). Washer & dryer included in each unit. Located on foothills of Phoenix
Mountains Preserve in a cul-de-sac. All three units updated, unit 2 being fully updated this year. Close to employment, great schools and
food/restaurants, this building makes for an excellent and rare investment opportunity.
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.31
Remaining Loan Term
25 years, 1 months
Monthly PITI
$1,765.07/mo
Estimated Loan Balance
$271,309
Cash to close
$455,296
Interest Paid
$45,317

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms: 0
Cooling & Heating
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Ceramic Tile, Vinyl

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: Yes
  • Carport Spaces: 6
Water
  • Sewer: Public Sewer
  • Water Source: City Franchise, Master Meter
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type:
  • Architectural Style: Unknown
Materials
  • Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48
  • Features: No Pool
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $724,990
  • Tax Annual Amount: $670
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $455,296 (63%)
You can enter any amount below - secondary financing will cover the difference if needed.
63%
$
0%20%50%

You cover the entire equity of $455,296!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$269,694
Your Cash:$455,296
Total Purchase Price:$724,990

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,285/mo
Traditional @ 7.15%
$2,053/mo
You save $768/month ($9,216/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6621000

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Jan 29, 2024 04:39pm

© 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

3.31%
7.15%

Principal & Interest

$1,285 /mo
$1,979 /mo
$45,317 in interest paid off
Inquire about this property
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​
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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 $455,296 (63%)
You can enter any amount below - secondary financing will cover the difference if needed.
63%
$
0%20%50%

You cover the entire equity of $455,296!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$269,694
Your Cash:$455,296
Total Purchase Price:$724,990

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,285/mo
Traditional @ 7.15%
$2,053/mo
You save $768/month ($9,216/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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