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Closed
Closed

$535,000

($154,250 down)
FHA

1432 E Lupine Avenue, Phoenix, AZ 85020

3
3
1,568 sqft
PITI Monthly
$2,928.83 /mo

Listing courtesy of: Sofie Johnson, RETSY

Assumed Rate

6.11%
7.15%

Principal & Interest

$2,377 /mo
$2,646 /mo
$58,956 in interest paid off

What's Special

REMODELED
FRESH PAINT
SERENE
SHOPPING
DINING
MODERN
RENOVATED
BREAKFAST NOOK
FIREPLACE
SOAKING TUB
HOME OFFICE
MOUNTAIN VIEWS
COZY
NO HOA
This beautifully remodeled 1950s bungalow, with an INCOME-PRODUCING GUEST HOUSE (main house is 1,268 SqFt, and guest house is 300 SqFt),
offers a blend of modern comfort and cozy charm tucked within the foothills of North Mountain, with no HOA. Step inside to discover stunning new
hardwood flooring, fresh paint, and a newly installed (July 2024) HVAC system ensuring year-round comfort. The warm and inviting living room, located
just off the kitchen, features a real wood-burning fireplace—perfect for lively conversations, game nights, watching the big game, or curli... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 6 months
Monthly PITI
$2,928.83/mo
Estimated Loan Balance
$400,246
Cash to close
$154,250
Interest Paid
$58,956

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Living Room
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Foam
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Septic in & Cnctd, Septic Tank
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Ranch
Materials
  • Painted, Block
  • Roof: Foam
Condition
  • Year Built: 1954
Details
  • Builder: unknown

Community & HOA

Community
  • Subdivision: LAS BONITAS ALTURAS
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $341.2
  • Tax Annual Amount: $1296
  • On Market Date: Jan 16, 2025
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Savings Calculator

Current cash to close is $154,250 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$
0%20%50%

You cover the entire equity of $154,250!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$380,750
Your Cash$154,250
Total Purchase Price:$535,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,377/mo
Traditional @ 7.15%
$2,745/mo
You save $368/month ($4,416/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6805788

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Feb 19, 2025 09:07am

© 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

6.11%
7.15%

Principal & Interest

$2,377 /mo
$2,646 /mo
$58,956 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 $154,250 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$
0%20%50%

You cover the entire equity of $154,250!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$380,750
Your Cash$154,250
Total Purchase Price:$535,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$2,377/mo
Traditional @ 7.15%
$2,745/mo
You save $368/month ($4,416/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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