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Closed
Closed

$980,000

($582,738 down)
VA

5275 N MERIDIAN Road, Apache Junction, AZ 85120

3
3
3,100 sqft
PITI Monthly
$2,456.07 /mo

Listing courtesy of: Nicolas R Toscano, Barrett Real Estate

Assumed Rate

3.61%
7.15%

Principal & Interest

$1,980 /mo
$2,938 /mo
$80,580 in interest paid off

What's Special

SPACIOUS
FIREPLACE
WALK-IN CLOSET
WET BAR
PATIO
MOUNTAIN VIEWS
Introducing an unrivaled gem surrounded by breathtaking mountain views! This gated entry residence greets you w/a professionally manicured desert
landscape, a front covered patio, a courtyard, a 2-car garage, & an extended driveway. Rustic double doors open to a welcoming living room w/a
two-way fireplace, a media niche, & wood-plank tile flooring. The generously sized family room boasts a stamped concrete floor, a wet bar
w/Keg-A-Rator, wine fridge, ice maker & sink, & French doors to the back. The gourmet eat-in kitchen offers SS appliances, including a gas... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.61
Remaining Loan Term
24 years, 7 months
Monthly PITI
$2,456.07/mo
Estimated Loan Balance
$399,603
Cash to close
$582,738
Interest Paid
$80,580

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Refrigeration, Both Refrig & Evap, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Two Way Fireplace, Living Room, Gas
  • Flooring: Carpet, Tile, Concrete

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Foam
Parking
  • Garage: Yes
  • Garage Spaces: 5
  • Carport: Yes
  • Carport Spaces: 5
Water
  • Sewer: Septic in & Cnctd
  • Water Source: Pvt Water Company, Shared Well
Pool
  • Has Pool: Yes
  • Pool Features: Play Pool, Fenced, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Ranch, Territorial/Santa Fe
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Foam
Condition
  • Year Built: 2008
Details
  • Builder: Custom

Community & HOA

Community
  • Subdivision: S6 T1N R8E
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Apache Junction

Financial Details

  • Price per Sqft: $316.13
  • Tax Annual Amount: $3111
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $582,738 (59%)
You can enter any amount below - secondary financing will cover the difference if needed.
59%
$
0%20%50%

You cover the entire equity of $582,738!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$397,262
Your Cash:$582,738
Total Purchase Price:$980,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$1,980/mo
Traditional @ 7.15%
$3,048/mo
You save $1,067/month ($12,809/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6633574

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 08, 2024 06:40pm

© 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

3.61%
7.15%

Principal & Interest

$1,980 /mo
$2,938 /mo
$80,580 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 $582,738 (59%)
You can enter any amount below - secondary financing will cover the difference if needed.
59%
$
0%20%50%

You cover the entire equity of $582,738!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$397,262
Your Cash:$582,738
Total Purchase Price:$980,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$1,980/mo
Traditional @ 7.15%
$3,048/mo
You save $1,067/month ($12,809/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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