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Closed
Closed

$635,000

($320,317 down)
FHA

1836 E ASPEN Way, Gilbert, AZ 85234

4
3
2,382 sqft
PITI Monthly
$1,927.75 /mo

Listing courtesy of: Michael J Caldarelli, Jason Mitchell Real Estate

Assumed Rate

2.84%
7.15%

Principal & Interest

$1,375 /mo
$2,249 /mo
$31,857 in interest paid off

What's Special

REMODELED
SHOPPING
ENTERTAINMENT
SPACIOUS
FIREPLACE
VAULTED CEILINGS
MASTER SUITE
SEPARATE SHOWER
LANDSCAPED
**Assumable FHA loan at 2.75% interest rate**Spacious 4 bedroom home now available in Sonoma Ranch! Great floorplan with 1 bedroom and 1
bathroom downstairs. Wood look tile all throughout the bottom floor, stone accent walls, remodeled fireplace, and vaulted ceilings. Large master suite
with sitting area, separate shower & tub in the master bath, 2 guest bedrooms and guest bath all located upstairs. Step outside to your entertainer's
dream backyard showcasing a new sparkling pebble tec pool with water feature, ramada, multiple sitting areas, and built in BBQ. Beautifu... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 6 months
Monthly PITI
$1,927.75/mo
Estimated Loan Balance
$321,519
Cash to close
$320,317
Interest Paid
$31,857

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Programmable Thmstat, Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring: Carpet, Vinyl, Tile

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: Yes
  • Pool Features: Private

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style: Unknown
Materials
  • Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1994
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: SONOMA RANCH
  • Features: Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Sonoma Ranch
  • HOA Amenities: Unknown
  • HOA Fee: $304.5
  • HOA Frequency: $Semi-Annually
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $266.58
  • Tax Annual Amount: $1803
  • On Market Date: Feb 14, 2024
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Savings Calculator

Current cash to close is $320,317 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$
0%20%50%

You cover the entire equity of $320,317!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$314,683
Your Cash:$320,317
Total Purchase Price:$635,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,375/mo
Traditional @ 7.15%
$2,332/mo
You save $957/month ($11,488/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6662570

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 31, 2024 09:01am

© 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

2.84%
7.15%

Principal & Interest

$1,375 /mo
$2,249 /mo
$31,857 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 $320,317 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$
0%20%50%

You cover the entire equity of $320,317!

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

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$314,683
Your Cash:$320,317
Total Purchase Price:$635,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,375/mo
Traditional @ 7.15%
$2,332/mo
You save $957/month ($11,488/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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