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Closed
Closed

$675,000

($384,987 down)
VA

1938 E Colt Road, Tempe, AZ 85284

4
3
2,118 sqft
PITI Monthly
$1,835.02 /mo

Listing courtesy of: Michelle Mazzola, Berkshire Hathaway HomeServices Arizona Properties

Assumed Rate

3.02%
7.15%

Principal & Interest

$1,340 /mo
$2,141 /mo
$41,762 in interest paid off

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
FIREPLACE
HOME OFFICE
PATIO
CHARMING
COZY
Nestled in a highly sought-after South Tempe community, this charming 4 bedroom, 2.5 bathroom single-story home is a rare find! Situated on a
spacious over 1/2-acre corner lot with RV gate, this property offers privacy and plenty of room to entertain. Step outside to enjoy your sparkling diving
pool, full covered patio, and the large barn-style Tuff shed that is lofted (2 story) in the backyard which offers additional storage or potential workshop
space. Inside, you'll find brand new windows throughout, filling the home with natural light. The living area boasts a cozy fireplace, creati... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.02
Remaining Loan Term
25 years, 5 months
Monthly PITI
$1,835.02/mo
Estimated Loan Balance
$299,570
Cash to close
$384,987
Interest Paid
$41,762

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Family Room
  • 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: Yes
  • Pool Features: Variable Speed Pump, Diving Pool, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1985
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: Estate La Colina
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Tempe

Financial Details

  • Price per Sqft: $318.7
  • Tax Annual Amount: $3940
  • On Market Date: Sep 13, 2024
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Savings Calculator

Current cash to close is $384,987 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$
0%20%50%

You cover the entire equity of $384,987!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$290,013
Your Cash:$384,987
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,340/mo
Traditional @ 7.15%
$2,221/mo
You save $881/month ($10,572/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6756601

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Feb 27, 2025 07:09pm

© 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

3.02%
7.15%

Principal & Interest

$1,340 /mo
$2,141 /mo
$41,762 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 $384,987 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$
0%20%50%

You cover the entire equity of $384,987!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$290,013
Your Cash:$384,987
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$1,340/mo
Traditional @ 7.15%
$2,221/mo
You save $881/month ($10,572/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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