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Closed
Closed

$315,000

($180,955 down)
VA

2625 N 40th Drive, Phoenix, AZ 85009

5
3
1,700 sqft
PITI Monthly
$982.25 /mo

Listing courtesy of: Becky Coen, eXp Realty

Assumed Rate

3.77%
7.15%

Principal & Interest

$689 /mo
$1,003 /mo
$29,592 in interest paid off

What's Special

REMODELED
DINING
This amazingly beautiful 3 bedroom 2 bath with bonus room or dining room home is is ready to view! Main bathroom was remodeled with dual sinks
and tiled shower is exquisite! This gourmet kitchen w/ a huge island and over head decorative pot rack! Wait tlll you see the bonus room/or large dining
room! Home has newer roof, newer low e dual pane window through out and newer AC unit Makes this home so desirable! Large back yard with room
for kids to play! You will love this home!
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.77
Remaining Loan Term
24 years, 5 months
Monthly PITI
$982.25/mo
Estimated Loan Balance
$163,701
Cash to close
$180,955
Interest Paid
$29,592

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Mini Split
  • Heating: Natural Gas
Features
  • Materials: Stucco, Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block, Chain Link, Wood
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Sewer in & Cnctd, 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
  • Stucco, Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1959
Details
  • Builder: NA

Community & HOA

Community
  • Subdivision: Encanto Village 2
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $185.29
  • Tax Annual Amount: $1716
  • On Market Date: Aug 10, 2024
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Savings Calculator

Current cash to close is $180,955 (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 $180,955!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$134,045
Your Cash:$180,955
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$689/mo
Traditional @ 7.15%
$1,040/mo
You save $351/month ($4,210/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6742235

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Sep 04, 2024 05:25pm

© 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

3.77%
7.15%

Principal & Interest

$689 /mo
$1,003 /mo
$29,592 in interest paid off
Inquire about this property
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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 $180,955 (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 $180,955!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$134,045
Your Cash:$180,955
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$689/mo
Traditional @ 7.15%
$1,040/mo
You save $351/month ($4,210/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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