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Closed
Closed

$499,500

($35,042 down)
FHA

2022 N 40TH Street, Phoenix, AZ 85008

3
2
1,200 sqft
PITI Monthly
$3,728.17 /mo

Listing courtesy of: Ari Jakobov, eXp Realty

Assumed Rate

6.99%
7.15%

Principal & Interest

$3,100 /mo
$3,150 /mo
$29,759 in interest paid off

What's Special

LOCATION
RENOVATED
WALK-IN CLOSET
PATIO
COZY
SOLAR PANELS
~NEW EVERYTHING; NEW roof, New AC, NEW water heater...~ Welcome to this lovely RENOVATED midcentury gem with an excellent location! Minutes
from downtown Phoenix, top attractions like the Desert Botanical Garden, Phoenix Zoo, & Papago Park, and is a quick 10-minute drive to Sky Harbor
Airport. It offers a 1-car garage, solar panels, a cozy front porch, and an extended driveway. Discover an immaculate open floor plan featuring tall
ceilings, recessed lighting, a striking wooden panel wall, and wood-style flooring. The chef's kitchen highlights smart-tech SS appliances, q... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.99
Remaining Loan Term
29 years, 1 months
Monthly PITI
$3,728.17/mo
Estimated Loan Balance
$465,240
Cash to close
$35,042
Interest Paid
$29,759

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
Features
  • Materials: Stucco, Painted, Block, Ducts Professionally Air-Sealed
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Linoleum

Exterior

Fencing
  • Fencing: Block, Wood
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: Yes
  • Carport Spaces: 1
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:
Materials
  • Stucco, Painted, Block, Ducts Professionally Air-Sealed
  • Roof: Composition
Condition
  • Year Built: 1952
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: PAPAGO VISTA AMD
  • Features: Near Bus Stop
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $416.25
  • Tax Annual Amount: $1576
  • On Market Date: Nov 05, 2024
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Savings Calculator

Current cash to close is $35,042 (7%)
You can enter any amount below - secondary financing will cover the difference if needed.
7%
$
0%20%50%

You cover the entire equity of $35,042!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$464,458
Your Cash$35,042
Total Purchase Price:$499,500

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$3,100/mo
Traditional @ 7.15%
$3,151/mo
You save $51/month ($613/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6779934

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Jan 30, 2025 06:20pm

© 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

6.99%
7.15%

Principal & Interest

$3,100 /mo
$3,150 /mo
$29,759 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 $35,042 (7%)
You can enter any amount below - secondary financing will cover the difference if needed.
7%
$
0%20%50%

You cover the entire equity of $35,042!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$464,458
Your Cash$35,042
Total Purchase Price:$499,500

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$3,100/mo
Traditional @ 7.15%
$3,151/mo
You save $51/month ($613/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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