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Closed
Closed

$450,000

($141,040 down)
FHA

5613 S 31ST Drive, Phoenix, AZ 85041

5
3
2,229 sqft
PITI Monthly
$2,608.15 /mo

Listing courtesy of: Juan Cruz, A.Z. & Associates

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,077 /mo
$2,130 /mo
$51,948 in interest paid off

What's Special

REMODELED
GREAT CURB APPEAL
MODERN
FIREPLACE
WALK-IN CLOSET
SOAKING TUB
PATIO
COZY
Beautiful two-story property at Park Meadows offers a great curb appeal with an easy-maintained landscape, a 2 car garage, and a cozy porch ideal for
sipping your morning coffee. The captivating interior was highly remodeled and boasts a custom palette, wood-plank tile flooring, recessed lighting, a
wood slat accent wall, stylish light fixtures, and a wall-mounted electric fireplace. This sleek, open floor plan promotes a modern feel & a greater traffic
flow. The stunning renewed kitchen showcases white & gold details throughout for an elegant & sophisticated design. Shaker cabinets, tile... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 7 months
Monthly PITI
$2,608.15/mo
Estimated Loan Balance
$309,557
Cash to close
$141,040
Interest Paid
$51,948

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile, Concrete
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: Play Pool, Private

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile, Concrete
Condition
  • Year Built: 2005
Details
  • Builder: DR Horton Homes

Community & HOA

Community
  • Subdivision: PARK MEADOWS UNIT 1
  • Features: Near Bus Stop
HOA
  • Has HOA: Yes
  • HOA Name: Park Meadows HA
  • HOA Amenities: Unknown
  • HOA Fee: $68
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $201.88
  • Tax Annual Amount: $1888
  • On Market Date: Oct 03, 2024
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Savings Calculator

Current cash to close is $141,040 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$
0%20%50%

You cover the entire equity of $141,040!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$308,960
Your Cash$141,040
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,077/mo
Traditional @ 7.15%
$2,210/mo
You save $132/month ($1,589/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6765586

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Dec 08, 2024 10:01am

© 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

6.9%
7.15%

Principal & Interest

$2,077 /mo
$2,130 /mo
$51,948 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 $141,040 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$
0%20%50%

You cover the entire equity of $141,040!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$308,960
Your Cash$141,040
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,077/mo
Traditional @ 7.15%
$2,210/mo
You save $132/month ($1,589/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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