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Closed
Closed

$349,000

($278,565 down)
FHA

1414 Via Merida, Rio Rico, AZ 85648

3
2
1,983 sqft
PITI Monthly
$862.51 /mo

Listing courtesy of: 20180220202953763011000000, Long Realty Tubac, Rio Rico, N

Assumed Rate

3.61%
7.15%

Principal & Interest

$418 /mo
$620 /mo
$26,858 in interest paid off

What's Special

SPACIOUS
PATIO
QUIET NEIGHBORHOOD
Come see this house now available in the Northwest Rio Rico area, located on the plateau high above the Santa Cruz River valley. Quiet neighborhood,
generous yard on the corner, level lot with room for outdoor activities. Step into the spacious 9-foot ceiling house entryway. West facing slider and
windows light up the great room and large kitchen to enjoy gatherings. Easy to relax under the 8 x 30 foot covered back patio. Enjoy the 3-bedroom,
2-bath split-floor plan house with extra office room or optional bedroom. Separate laundry room and 2-car garage with finished walls.Sell... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.61
Remaining Loan Term
21 years, 1 months
Monthly PITI
$862.51/mo
Estimated Loan Balance
$76,622
Cash to close
$278,565
Interest Paid
$26,858

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fans, Central Air
  • Heating: Electric, Forced Air
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Ceramic Tile

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: None
  • Water Source: City
Pool
  • Has Pool: Yes
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: One
  • Home type: Single Family Residence
  • Architectural Style: Southwestern
Materials
  • Unknown
  • Roof: Tile
Condition
  • Year Built: 2015
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Rio Rico Ranchettes 10
  • Features: Unknown
HOA
  • Has HOA: Yes
  • HOA Name:
  • HOA Amenities: Unknown
  • HOA Fee: $
  • HOA Frequency: $
Location
  • Region: Rio Rico

Financial Details

  • Price per Sqft: $176
  • Tax Annual Amount: $2755.96
  • On Market Date: Apr 22, 2024
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Savings Calculator

Current cash to close is $278,565 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$
0%20%50%

You cover the entire equity of $278,565!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$70,435
Your Cash:$278,565
Total Purchase Price:$349,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$418/mo
Traditional @ 7.15%
$643/mo
You save $225/month ($2,703/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 22410098

Listing From: MLS of Southern Arizona

Last updated: Oct 12, 2024 09:07am

© 2025, MLS of Southern Arizona. 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

3.61%
7.15%

Principal & Interest

$418 /mo
$620 /mo
$26,858 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 $278,565 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$
0%20%50%

You cover the entire equity of $278,565!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$70,435
Your Cash:$278,565
Total Purchase Price:$349,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$418/mo
Traditional @ 7.15%
$643/mo
You save $225/month ($2,703/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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