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Closed
Closed

$840,000

($274,912 down)
VA

267 E PHELPS Street, Gilbert, AZ 85295

5
3
3,479 sqft
PITI Monthly
$2,991.21 /mo

Listing courtesy of: Michelle G Milton, Revinre

Assumed Rate

2.88%
7.15%

Principal & Interest

$2,491 /mo
$4,052 /mo
$54,234 in interest paid off

What's Special

REMODELED
ENTERTAINMENT
DINING
SPACIOUS
MODERN
WALK-IN CLOSET
PATIO
COZY
Just WOW! Prepare to be enchanted by this grand 5-bed masterpiece that beautifully combines modern comfort & convenience. Starting with a large
front yard, 3-car garage, RV gate, & a cozy porch. Enter to find a den/office, formal dining room, & a desirable family room graced with abundant
natural light. Additional features to love include tile flooring, wide windows, thick baseboards, custom walnut steps, archways, & ceiling fans.
Well-appointed kitchen is a cook's delight, equipped with recessed & pendant lighting, a center island w/breakfast bar, stylish backsplash, ... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.88
Remaining Loan Term
26 years, 9 months
Monthly PITI
$2,991.21/mo
Estimated Loan Balance
$566,220
Cash to close
$274,912
Interest Paid
$54,234

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile, Wood

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: Yes
  • Pool Features: Play Pool, Private

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style: Contemporary
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2002
Details
  • Builder: Richmond

Community & HOA

Community
  • Subdivision: Allen Ranch
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: Kinney Management
  • HOA Amenities: Unknown
  • HOA Fee: $117
  • HOA Frequency: $Monthly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $241.45
  • Tax Annual Amount: $3403
  • On Market Date: Sep 27, 2024
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Savings Calculator

Current cash to close is $274,912 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$
0%20%50%

You cover the entire equity of $274,912!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$565,088
Your Cash$274,912
Total Purchase Price:$840,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$2,491/mo
Traditional @ 7.15%
$4,204/mo
You save $1,713/month ($20,551/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6763065

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Dec 06, 2024 09:08am

© 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

2.88%
7.15%

Principal & Interest

$2,491 /mo
$4,052 /mo
$54,234 in interest paid off
Inquire about this property
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​
​
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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 $274,912 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$
0%20%50%

You cover the entire equity of $274,912!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$565,088
Your Cash$274,912
Total Purchase Price:$840,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$2,491/mo
Traditional @ 7.15%
$4,204/mo
You save $1,713/month ($20,551/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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