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Closed
Closed

$440,000

($189,007 down)
FHA

418 CAMINO CANOA --, Rio Rico, AZ 85648

3
2
2,271 sqft
PITI Monthly
$2,728.3 /mo

Listing courtesy of: Virginia Bristol, Century 21 Success Realty

Assumed Rate

5.66%
7.15%

Principal & Interest

$2,193 /mo
$2,409 /mo
$27,650 in interest paid off

What's Special

ENTERTAINMENT
DINING
MODERN
GRANITE COUNTERTOPS
FIREPLACE
COZY
EFFICIENT
SOLAR PANELS
Welcome to your dream home! This stunning 3 bdrm 2 bath property boasts exquisite updates throughout including a bonus room for all your extra
space needs.. The chef-inspired kitchen is equipped with elegant granite countertops, a convenient island and top of the line s.s. appliances. Enjoy
breath taking views of trees, mountains & mesmerizing sunsets. Entertain in style with the formal dining room & cozy wood-burning fireplace, built-in
entertainment center perfect for movie nights. Energy-efficient solar panels (leased) and an electric charging station in the two-car garag... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.66
Remaining Loan Term
13 years, 1 months
Monthly PITI
$2,728.3/mo
Estimated Loan Balance
$262,686
Cash to close
$189,007
Interest Paid
$27,650

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Synthetic Stucco, Wood Frame, Painted, Stucco, Spray Foam Insulation
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Family Room
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Block, Chain Link, Wrought Iron
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Septic in & Cnctd, Septic Tank
  • Water Source: Pvt Water Company
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Synthetic Stucco, Wood Frame, Painted, Stucco, Spray Foam Insulation
  • Roof: Tile
Condition
  • Year Built: 1997
Details
  • Builder: Avatar

Community & HOA

Community
  • Subdivision: RIO RICO RANCHETTES 3
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Rio Rico

Financial Details

  • Price per Sqft: $193.75
  • Tax Annual Amount: $2172
  • On Market Date: Aug 14, 2024
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Savings Calculator

Current cash to close is $189,007 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$
0%20%50%

You cover the entire equity of $189,007!

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

Loan Breakdown

Assumed Mortgage5.66% Sellers Rate
$250,993
Your Cash$189,007
Total Purchase Price:$440,000

Assumed vs Traditional Mortgage

Assumed @ 5.66%
$2,193/mo
Traditional @ 7.15%
$2,398/mo
You save $206/month ($2,471/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6743519

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Mar 22, 2025 01:58am

© 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

5.66%
7.15%

Principal & Interest

$2,193 /mo
$2,409 /mo
$27,650 in interest paid off
Inquire about this property
​
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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 $189,007 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$
0%20%50%

You cover the entire equity of $189,007!

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

Loan Breakdown

Assumed Mortgage5.66% Sellers Rate
$250,993
Your Cash$189,007
Total Purchase Price:$440,000

Assumed vs Traditional Mortgage

Assumed @ 5.66%
$2,193/mo
Traditional @ 7.15%
$2,398/mo
You save $206/month ($2,471/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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