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Closed
Closed

$370,000

($130,256 down)
FHA

1806 N 88TH Avenue, Phoenix, AZ 85037

3
2
1,300 sqft
PITI Monthly
$1,486.39 /mo

Listing courtesy of: Alexandria Salas, Realty ONE Group

Assumed Rate

2.77%
7.15%

Principal & Interest

$1,065 /mo
$1,757 /mo
$29,755 in interest paid off

What's Special

LOCATION
SERENE
SHOPPING
STAINLESS STEEL APPLIANCES
VAULTED CEILINGS
WALK-IN CLOSET
PATIO
NO HOA
NEW GARAGE DOOR! NEW ROOF! NEWER HVAC UNIT! NEW EXTERIOR PAINT! NEWER WATER HEATER! NEW TOILETS! No HOA! Sweet curb appeal,
2-car garage with NEW epoxy flooring + extended driveway. Delightful floor plan with saltillo tile throughout the main areas, vaulted ceilings, and a
welcoming living room. The eat-in kitchen has a pantry, popular white cabinets, stainless steel appliances, and backyard access. The main suite
features wood flooring, a walk-in closet, and a bathroom with a tub/shower combo and dual sinks. Private and serene backyard offers a c... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.77
Remaining Loan Term
25 years, 8 months
Monthly PITI
$1,486.39/mo
Estimated Loan Balance
$242,789
Cash to close
$130,256
Interest Paid
$29,755

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile, Wood

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: Ranch
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1995
Details
  • Builder: MARLOR HOMES

Community & HOA

Community
  • Subdivision: AMBERLEA PARCEL 17A
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $284.62
  • Tax Annual Amount: $1045
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $130,256 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $130,256!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$239,744
Your Cash$130,256
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,065/mo
Traditional @ 7.15%
$1,823/mo
You save $758/month ($9,095/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6719276

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Jul 25, 2024 08:07am

© 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

2.77%
7.15%

Principal & Interest

$1,065 /mo
$1,757 /mo
$29,755 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 $130,256 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $130,256!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$239,744
Your Cash$130,256
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,065/mo
Traditional @ 7.15%
$1,823/mo
You save $758/month ($9,095/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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