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Closed
Closed

$559,900

($63,950 down)
VA

303 W BRUCE Avenue, Gilbert, AZ 85233

3
3
1,504 sqft
PITI Monthly
$2,811.72 /mo

Listing courtesy of: Dillon Baker, 72SOLD

Assumed Rate

4.17%
7.15%

Principal & Interest

$2,524 /mo
$3,499 /mo
$61,446 in interest paid off

What's Special

SPACIOUS
WALK-IN CLOSET
SOLAR PANELS
This beautiful home, located in the tranquil Ridgewood community near the bustling downtown Gilbert, boasts significant energy savings with
seller-owned solar panels. The expansive great room is highlighted by soaring cathedral ceilings. It features three bedrooms, 2.5 baths, all-new
appliances, fresh carpeting, an alarm system, new external plumbing, toilets, vanity, a gas hot water heater, and a roof underlayment with a 50-year
warranty. New blinds, upgraded ceiling fans, and newer wood plank ceramic tile adorn the main floor. The spacious primary owner's suite ... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
4.17
Remaining Loan Term
27 years, 1 months
Monthly PITI
$2,811.72/mo
Estimated Loan Balance
$497,543
Cash to close
$63,950
Interest Paid
$61,446

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • 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: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style: Santa Barbara/Tuscan
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 1994
Details
  • Builder: Shea Homes

Community & HOA

Community
  • Subdivision: Ridgewood
  • Features: Playground
HOA
  • Has HOA: Yes
  • HOA Name: Brown Community Mgmt
  • HOA Amenities: Unknown
  • HOA Fee: $162
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $372.27
  • Tax Annual Amount: $1452
  • On Market Date: Oct 05, 2024
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Savings Calculator

Current cash to close is $63,950 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
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0%20%50%

You cover the entire equity of $63,950!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$495,950
Your Cash$63,950
Total Purchase Price:$559,900

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,524/mo
Traditional @ 7.15%
$3,629/mo
You save $1,105/month ($13,260/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6767345

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Oct 06, 2024 06:14am

© 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

4.17%
7.15%

Principal & Interest

$2,524 /mo
$3,499 /mo
$61,446 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 $63,950 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
$
0%20%50%

You cover the entire equity of $63,950!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$495,950
Your Cash$63,950
Total Purchase Price:$559,900

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,524/mo
Traditional @ 7.15%
$3,629/mo
You save $1,105/month ($13,260/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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