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Closed
Closed

$480,000

($236,418 down)
VA

16850 N 38TH Lane, Phoenix, AZ 85053

3
3
2,289 sqft
PITI Monthly
$1,389.2 /mo

Listing courtesy of: Awni S Abbas, HomeSmart

Assumed Rate

2.77%
7.15%

Principal & Interest

$1,087 /mo
$1,793 /mo
$29,807 in interest paid off

What's Special

SPACIOUS
RENOVATED
WALK-IN CLOSET
PATIO
EFFICIENT
SOLAR PANELS
NO HOA
This recently renovated brick home on a cul de sac is proudly owned by its 2nd owner for the past 37 years! With its 2,300 sq ft, 3 bedrooms, has an
adaptable guest casita with separate entrance and mini split system, and a massive yard over 1/3-acre (15,449 sq ft) lot, this home provides comfort
and convenience! NO HOA and annual taxes of only $1,630! WOW, Power bill avg $187 in the summer months with solar panels system! Easy entry to
the backyard is made possible by TWO sizable RV gates and a 3rd double gate, which also offers enough of concrete parking area for you... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.77
Remaining Loan Term
25 years, 9 months
Monthly PITI
$1,389.2/mo
Estimated Loan Balance
$244,106
Cash to close
$236,418
Interest Paid
$29,807

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Brick Veneer, Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Free Standing, None
  • Flooring: Vinyl, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Sewer in & Cnctd, 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: Ranch
Materials
  • Brick Veneer, Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1979
Details
  • Builder: UKN

Community & HOA

Community
  • Subdivision: BRANDYWINE
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $209.7
  • Tax Annual Amount: $1630
  • On Market Date: Oct 10, 2024
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Savings Calculator

Current cash to close is $236,418 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$
0%20%50%

You cover the entire equity of $236,418!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$243,582
Your Cash$236,418
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,087/mo
Traditional @ 7.15%
$1,860/mo
You save $773/month ($9,280/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6769152

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Nov 19, 2024 11:40pm

© 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

2.77%
7.15%

Principal & Interest

$1,087 /mo
$1,793 /mo
$29,807 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 $236,418 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$
0%20%50%

You cover the entire equity of $236,418!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$243,582
Your Cash$236,418
Total Purchase Price:$480,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,087/mo
Traditional @ 7.15%
$1,860/mo
You save $773/month ($9,280/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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