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Closed
Closed

$490,000

($368,258 down)
FHA

1431 E CATHEDRAL ROCK Drive, Phoenix, AZ 85048

3
3
1,755 sqft
PITI Monthly
$1,395.02 /mo

Listing courtesy of: Kristin Lambeth, JPAR Vantage

Assumed Rate

4.88%
7.15%

Principal & Interest

$941 /mo
$1,200 /mo
$114,515 in interest paid off

What's Special

INVESTORS
REMODELED
DINING
SPACIOUS
BALCONY
MOUNTAIN VIEWS
COZY
MOTIVATED SELLER
4.875% Assumable loan! VERY motivated sellers! Adorable Ahwatukee home and floor plan in this perfect family starter home or investment property
located in the highly desirable Foothills. Located at the base of South Mountain, this charmer offers peaceful mountain views in the front and
breathtaking sunrises from the upstairs master bedroom balcony in the back. With soaring ceilings, this home is open yet cozy with sunken living and
family rooms, dining area, and powder room, that are all tied together by the kitchen. Come give this adorable home the love and updati... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.88
Remaining Loan Term
14 years, 6 months
Monthly PITI
$1,395.02/mo
Estimated Loan Balance
$122,186
Cash to close
$368,258
Interest Paid
$114,515

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: No Fireplace
  • Flooring: Carpet, Tile

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: 1
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 1995
Details
  • Builder: TREND HOMES

Community & HOA

Community
  • Subdivision: PARCEL 34 AT THE FOOTHILLS
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: Foothills Community
  • HOA Amenities: Unknown
  • HOA Fee: $210
  • HOA Frequency: $Semi-Annually
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $279.2
  • Tax Annual Amount: $1937
  • On Market Date: May 20, 2024
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Savings Calculator

Current cash to close is $368,258 (75%)
You can enter any amount below - secondary financing will cover the difference if needed.
75%
$
0%20%50%

You cover the entire equity of $368,258!

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

Loan Breakdown

Assumed Mortgage4.88% Sellers Rate
$121,742
Your Cash:$368,258
Total Purchase Price:$490,000

Assumed vs Traditional Mortgage

Assumed @ 4.88%
$941/mo
Traditional @ 7.15%
$1,245/mo
You save $304/month ($3,648/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6702059

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Nov 28, 2024 09:06am

© 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

4.88%
7.15%

Principal & Interest

$941 /mo
$1,200 /mo
$114,515 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 $368,258 (75%)
You can enter any amount below - secondary financing will cover the difference if needed.
75%
$
0%20%50%

You cover the entire equity of $368,258!

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

Loan Breakdown

Assumed Mortgage4.88% Sellers Rate
$121,742
Your Cash:$368,258
Total Purchase Price:$490,000

Assumed vs Traditional Mortgage

Assumed @ 4.88%
$941/mo
Traditional @ 7.15%
$1,245/mo
You save $304/month ($3,648/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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