Property SearchContact
OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
primary-1
primary-2primary-3
Closed
Closed

$390,000

($87,487 down)
FHA

36988 N Addison Lane, San Tan Valley, AZ 85140

3
2
1,325 sqft
PITI Monthly
$1,865.21 /mo

Listing courtesy of: Naudia Andrescavage, Compass

Assumed Rate

3.07%
7.15%

Principal & Interest

$1,361 /mo
$2,161 /mo
$32,388 in interest paid off

What's Special

LOCATION
OPEN CONCEPT
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
CLUBHOUSE
WALKING TRAILS
PLAYGROUND
BUYERS - THIS HOME HAS AN FHA ASSUMABLE LOAN OF 3.25%! Are you looking for a home with a LOW monthly payment, RV storage/parking, over
$75,000 in upgrades, and phenomenal community amenities? Welcome to Archer Meadows, where this property is one of a kind! Built in 2021,
welcome to turn-key living where everything is like NEW and pre-inspected as of May 2024. Newer roof, AC, water heater, etc. Sitting on a large lot that
is perfect for storing your toys or entertaining guests, this home features 3 bedrooms and 2 bathrooms with a light and airy open concept... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,865.21/mo
Estimated Loan Balance
$303,683
Cash to close
$87,487
Interest Paid
$32,388

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, ENERGY STAR Qualified Equipment, Programmable Thmstat
  • Heating: Electric
Features
  • Materials: Synthetic Stucco, Wood Frame, Low VOC Paint, Painted, Stucco, Spray Foam Insulation, Ducts Professionally Air-Sealed
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile, Concrete
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Private Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Synthetic Stucco, Wood Frame, Low VOC Paint, Painted, Stucco, Spray Foam Insulation, Ducts Professionally Air-Sealed
  • Roof: Tile, Concrete
Condition
  • Year Built: 2021
Details
  • Builder: Meritage Homes

Community & HOA

Community
  • Subdivision: Archer Meadows
  • Features: Gated, Community Pool, Community Media Room, Playground, Biking/Walking Path, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Archer Meadows HOA
  • HOA Amenities: Unknown
  • HOA Fee: $95
  • HOA Frequency: $Monthly
Location
  • Region: San Tan Valley

Financial Details

  • Price per Sqft: $294.34
  • Tax Annual Amount: $1528
  • On Market Date: Jul 04, 2024
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 $87,487 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$
0%20%50%

You cover the entire equity of $87,487!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$302,513
Your Cash$87,487
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,361/mo
Traditional @ 7.15%
$2,242/mo
You save $881/month ($10,567/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6712289

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Nov 16, 2024 10:00am

© 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

3.07%
7.15%

Principal & Interest

$1,361 /mo
$2,161 /mo
$32,388 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 $87,487 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$
0%20%50%

You cover the entire equity of $87,487!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$302,513
Your Cash$87,487
Total Purchase Price:$390,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$1,361/mo
Traditional @ 7.15%
$2,242/mo
You save $881/month ($10,567/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Berkshire Hathaway HomeServices California Realty
Agent/Broker
Dave CoreyBerkshire Hathaway HomeServices California Realty(213) 505-2098berkshiresc@fyremail.netMLS
Resources
Apply to Assume
Navigate
BuyersSellersRealtorsBlogsContact
Get in Touch
(213) 505-2098berkshiresc@fyremail.net
Powered By UMe.

© 2025 Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices California Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
May, 15 2025

equal-housing

Berkshire Hathaway HomeServices California Realty © 2025 is committed to and abides by the Fair Housing Act of Equal Opportunity.

Terms and ConditionsPrivacy PolicySitemap

Get Started Now

Discover the power of assumable homes

​
​
​
​
I am a...
​
Who referred you?
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