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Closed
Closed

$499,900

($247,475 down)
FHA

508 W COMSTOCK Drive, Gilbert, AZ 85233

4
2
1,976 sqft
PITI Monthly
$1,864.71 /mo

Listing courtesy of: Sean M Cohan, Launch Powered By Compass

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,308 /mo
$1,979 /mo
$48,045 in interest paid off

What's Special

LOCATION
GREAT CURB APPEAL
STAINLESS STEEL APPLIANCES
FIREPLACE
SOAKING TUB
PATIO
NO HOA
This home hits all of the marks: Phenomenal location 1 mile from downtown Gilbert! Huge lot for the neighborhood with all of the extra space being in
the backyard, which features a pool, covered patio, and room for plenty more. Desirable split bedroom floor plan. Great curb appeal... This home has
the potential to be something truly special, but can just as happily be enjoyed as is as well. The home also features a 3 sided, wood-burning fireplace, a
very large master bath with soaking tub, stainless steel appliances, and in-home laundry room, and no HOA. Come take a look what can be!
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.45
Remaining Loan Term
25 years, 0 months
Monthly PITI
$1,864.71/mo
Estimated Loan Balance
$274,905
Cash to close
$247,475
Interest Paid
$48,045

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring:

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: Yes
  • Pool Features: Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Ranch
Materials
  • Painted, Stucco, Block
  • Roof: Tile
Condition
  • Year Built: 1988
Details
  • Builder: UNKNOWN

Community & HOA

Community
  • Subdivision: MADERA PARC AMD LOT 1-447 TR A-J AA
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $252.99
  • Tax Annual Amount: $2193
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $247,475 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$
0%20%50%

You cover the entire equity of $247,475!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$252,425
Your Cash$247,475
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,308/mo
Traditional @ 7.15%
$2,053/mo
You save $745/month ($8,943/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6725897

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Sep 02, 2024 02:37am

© 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

3.45%
7.15%

Principal & Interest

$1,308 /mo
$1,979 /mo
$48,045 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 $247,475 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$
0%20%50%

You cover the entire equity of $247,475!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$252,425
Your Cash$247,475
Total Purchase Price:$499,900

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,308/mo
Traditional @ 7.15%
$2,053/mo
You save $745/month ($8,943/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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