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Closed
Closed

$399,000

($107,579 down)
FHA

1607 W FRIESS Drive, Phoenix, AZ 85023

3
2
1,552 sqft
PITI Monthly
$1,839.86 /mo

Listing courtesy of: Nathan Sherman, Libertas Real Estate

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,303 /mo
$2,062 /mo
$29,736 in interest paid off

What's Special

SERENE
ENTERTAINMENT
FIREPLACE
PATIO
CHARMING
COZY
Discover this delightful 3-bedroom home with an RV gate. It welcomes you with a warm and cozy living room, featuring a harmonious blend of carpet
and classic Saltillo tile flooring. Venture further to find an inviting family room, complete with a charming fireplace and wood-look floors, creating an
atmosphere of rustic sophistication. Kitchen is illuminated by a skylight, and it offers wood cabinets, SS appliances, a handy pantry, granite counters.
The main bedroom is a serene retreat with barn doors leading to the bathroom and a bi-fold door closet. The outdoor space offers a cove... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 9 months
Monthly PITI
$1,839.86/mo
Estimated Loan Balance
$297,385
Cash to close
$107,579
Interest Paid
$29,736

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Painted, Slump Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Family Room
  • Flooring: Carpet, Vinyl, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: Yes
  • Pool Features: Fenced, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Painted, Slump Block
  • Roof: Composition
Condition
  • Year Built: 1969
Details
  • Builder: JOHN F LONG

Community & HOA

Community
  • Subdivision: MOON VALLEY GARDENS 2
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $257.09
  • Tax Annual Amount: $2042
  • On Market Date: Apr 01, 2024
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Savings Calculator

Current cash to close is $107,579 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$
0%20%50%

You cover the entire equity of $107,579!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$291,421
Your Cash$107,579
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,303/mo
Traditional @ 7.15%
$2,139/mo
You save $835/month ($10,021/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6683246

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Apr 23, 2025 11:56pm

© 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

3.1%
7.15%

Principal & Interest

$1,303 /mo
$2,062 /mo
$29,736 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 $107,579 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$
0%20%50%

You cover the entire equity of $107,579!

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

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$291,421
Your Cash$107,579
Total Purchase Price:$399,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,303/mo
Traditional @ 7.15%
$2,139/mo
You save $835/month ($10,021/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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