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Closed
Closed

$384,999

($217,916 down)
FHA

2210 W MICHELLE Drive, Phoenix, AZ 85023

3
2
1,224 sqft
PITI Monthly
$1,302.71 /mo

Listing courtesy of: Lucas Thomas, West USA Realty

Assumed Rate

4.55%
7.15%

Principal & Interest

$951 /mo
$1,260 /mo
$52,740 in interest paid off

What's Special

REMODELED
SPACIOUS
SELLER Concessions AVAILABLE! RECENTLY UNOCCUPIED HOME (Days on Market Due to Just Ended Lease)!!! Welcome to 2210 W Michelle Dr, a
beautifully maintained 3 Bed, 2 Bath property located in Phoenix, AZ. This spacious home is perfect for those looking to enjoy all that the city has to
offer. Inside: Just Remodeled ALERT (07/15/2024)!: Brand NEW Kitchen with lighting and granite counter-top, new flooring, and has been recently
painted. All appliances included as well as washer and dryer! Outside: Front & Back Yard, TWO CAR Garage, Tool/Storage Shed, and gras... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.55
Remaining Loan Term
23 years, 5 months
Monthly PITI
$1,302.71/mo
Estimated Loan Balance
$195,152
Cash to close
$217,916
Interest Paid
$52,740

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: No Fireplace
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block, Wood
Roof
  • Roof: Composition
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: Other
Materials
  • Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1973
Details
  • Builder: LENNAR HOMES

Community & HOA

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

Financial Details

  • Price per Sqft: $314.54
  • Tax Annual Amount: $837
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $217,916 (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 $217,916!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$167,083
Your Cash:$217,916
Total Purchase Price:$384,999

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$951/mo
Traditional @ 7.15%
$1,307/mo
You save $356/month ($4,274/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6603028

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Oct 12, 2024 08:10am

© 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

4.55%
7.15%

Principal & Interest

$951 /mo
$1,260 /mo
$52,740 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 $217,916 (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 $217,916!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$167,083
Your Cash:$217,916
Total Purchase Price:$384,999

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$951/mo
Traditional @ 7.15%
$1,307/mo
You save $356/month ($4,274/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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