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Closed
Closed

$729,500

($425,930 down)
FHA

2640 E MICHELLE Way, Gilbert, AZ 85234

5
3
2,825 sqft
PITI Monthly
$2,080.85 /mo

Listing courtesy of: Zachary Cates, eXp Realty

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,425 /mo
$2,237 /mo
$47,272 in interest paid off

What's Special

REMODELED
SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MODERN
HIGH-END FINISHES
LUXURY
STAINLESS STEEL APPLIANCES
SOLAR PANELS
Discover the epitome of modern living in this extensively remodeled 5-bedroom, 2 3/4-bathroom home in the vibrant community of Gilbert, Arizona.
This 2021 renovation offers a seamless open floor plan and high-end finishes throughout. Step inside to find tile flooring across the main level and plush
new carpeting in all rooms installed in 2024, ensuring comfort and style. The heart of the home is the gourmet kitchen, impressively redesigned to
include a vast 4-foot by 10-foot island and equipped with top-of-the-line stainless steel appliances, perfect for culinary enthusiasts. The op... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 3 months
Monthly PITI
$2,080.85/mo
Estimated Loan Balance
$304,817
Cash to close
$425,930
Interest Paid
$47,272

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, 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:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2001
Details
  • Builder: Brown

Community & HOA

Community
  • Subdivision: Greenfield Park
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: City Property Mngmnt
  • HOA Amenities: Unknown
  • HOA Fee: $63.5
  • HOA Frequency: $Monthly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $258.23
  • Tax Annual Amount: $2454
  • On Market Date: May 22, 2024
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Savings Calculator

Current cash to close is $425,930 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$
0%20%50%

You cover the entire equity of $425,930!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$303,570
Your Cash:$425,930
Total Purchase Price:$729,500

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,425/mo
Traditional @ 7.15%
$2,320/mo
You save $895/month ($10,743/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6704677

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Jul 10, 2024 07:14pm

© 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

3.16%
7.15%

Principal & Interest

$1,425 /mo
$2,237 /mo
$47,272 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 $425,930 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$
0%20%50%

You cover the entire equity of $425,930!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$303,570
Your Cash:$425,930
Total Purchase Price:$729,500

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,425/mo
Traditional @ 7.15%
$2,320/mo
You save $895/month ($10,743/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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