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

$515,000

($203,940 down)
FHA

40548 W DENNIS Lane, Maricopa, AZ 85138

4
3
3,137 sqft
PITI Monthly
$2,060.48 /mo

Listing courtesy of: Holly Jean Ellis, West USA Realty

Assumed Rate

2.94%
7.15%

Principal & Interest

$1,412 /mo
$2,280 /mo
$43,262 in interest paid off

What's Special

SPACIOUS
MODERN
PATIO
This 4-bedroom, 2.5-bath home in the growing city of Maricopa offers a comfortable and spacious living environment. With four bedrooms, this home
offers plenty of space for a family or for accommodating guests. The main living areas are adorned with elegant shutters, adding both style and
privacy. One of the standout features of this home is the large open kitchen, perfect for entertaining. It includes modern appliances, ample counter
space, and an oversized island. As you step into the backyard, you'll find a lovely travertine back patio, perfect for outdoor gatherings and... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 5 months
Monthly PITI
$2,060.48/mo
Estimated Loan Balance
$394,063
Cash to close
$203,940
Interest Paid
$43,262

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Free Standing
  • Flooring: Carpet, Tile

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: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2015
Details
  • Builder: KB Homes

Community & HOA

Community
  • Subdivision: SMITH FARMS PARCEL 7
  • Features: Community Pool, Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Desert Passage
  • HOA Amenities: Unknown
  • HOA Fee: $102
  • HOA Frequency: $Monthly
Location
  • Region: Maricopa

Financial Details

  • Price per Sqft: $164.17
  • Tax Annual Amount: $2909
  • On Market Date: Oct 05, 2023
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 $203,940 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$
0%20%50%

You cover the entire equity of $203,940!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$311,060
Your Cash$203,940
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,412/mo
Traditional @ 7.15%
$2,365/mo
You save $953/month ($11,432/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6610146

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 11, 2025 02:10am

© 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

2.94%
7.15%

Principal & Interest

$1,412 /mo
$2,280 /mo
$43,262 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 $203,940 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$
0%20%50%

You cover the entire equity of $203,940!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$311,060
Your Cash$203,940
Total Purchase Price:$515,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,412/mo
Traditional @ 7.15%
$2,365/mo
You save $953/month ($11,432/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, 16 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