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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$359,975

($48,909 down)
FHA

15099 N 86TH Drive, Peoria, AZ 85381

2
2
1,437 sqft
PITI Monthly
$2,256.03 /mo

Listing courtesy of: Joy B Issacs, Barrett Real Estate

Assumed Rate

5.23%
7.15%

Principal & Interest

$1,770 /mo
$2,170 /mo
$46,652 in interest paid off

What's Special

SPACIOUS
MODERN
CHARMING
MOTIVATED SELLER
Recently Back on the Market! Motivated Seller, Reduced Price & Assumable Loan! Don't miss out on this incredible opportunity! This charming Desert
Harbor Community home is back on the market, and the seller is motivated to make a deal. With a $15,000 price reduction and an assumable loan, this
home offers unbeatable value! ✨ Key Features: Spacious 2 beds, 2 baths Resort Style Living close to beautiful lakes, fantastic schools, and
restaurants. Modern updates throughout With an assumable loan, you can save time and hassle while potentially locking in a great rate. ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.23
Remaining Loan Term
27 years, 2 months
Monthly PITI
$2,256.03/mo
Estimated Loan Balance
$317,452
Cash to close
$48,909
Interest Paid
$46,652

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

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 Residence
  • Architectural Style: Ranch
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 1993
Details
  • Builder: UNK

Community & HOA

Community
  • Subdivision: LAKE POINT AT DESERT HARBOR LOT 1-92 TR A&B
  • Features: Lake, Gated, Community Pool, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Lake Point @ Desert
  • HOA Amenities: Unknown
  • HOA Fee: $138.6
  • HOA Frequency: $Monthly
Location
  • Region: Peoria

Financial Details

  • Price per Sqft: $250.5
  • Tax Annual Amount: $1304
  • On Market Date: Sep 06, 2024
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Savings Calculator

Current cash to close is $48,909 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$
0%20%50%

You cover the entire equity of $48,909!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$311,066
Your Cash$48,909
Total Purchase Price:$359,975

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$1,770/mo
Traditional @ 7.15%
$2,250/mo
You save $481/month ($5,767/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6753513

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Apr 23, 2025 05:57pm

© 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

5.23%
7.15%

Principal & Interest

$1,770 /mo
$2,170 /mo
$46,652 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 $48,909 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$
0%20%50%

You cover the entire equity of $48,909!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$311,066
Your Cash$48,909
Total Purchase Price:$359,975

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$1,770/mo
Traditional @ 7.15%
$2,250/mo
You save $481/month ($5,767/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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