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Closed
Closed

$1,050,000

($412,853 down)
FHA

607 E ELGIN Street, Gilbert, AZ 85295

5
4
4,462 sqft
PITI Monthly
$4,167.64 /mo

Listing courtesy of: Lisa Merris, Realty ONE Group

Assumed Rate

2.88%
7.15%

Principal & Interest

$3,029 /mo
$4,928 /mo
$69,197 in interest paid off

What's Special

OPEN CONCEPT
SHOPPING
DINING
SPACIOUS
WALKING TRAILS
Spacious Basement Home in the Popular Vintage Ranch Neighborhood with your own Private Oasis Resort Style Backyard Features a Heated POOL and
SPA with Water Features. This Home is AMAZING with a Chef's Open Concept Kitchen, Huge Granite Island, Beautiful Maple Cabinets, Double Oven,
Upgraded GE Gas Cook Top, Kitchen Opens to the Family Area Great for Entertaining. Split Floor Plan with An Amazing Owner's Suite, Bathroom has
been Highly Upgraded with a Walk-In Shower and Jetted Tub, Huge Closet. Basement has a Huge Open Area with 2 Bedrooms and a Full B... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.88
Remaining Loan Term
26 years, 7 months
Monthly PITI
$4,167.64/mo
Estimated Loan Balance
$688,523
Cash to close
$412,853
Interest Paid
$69,197

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Natural Gas
Features
  • Materials: Synthetic Stucco, Wood Frame, Stucco, Stone
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • 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: Yes
  • Pool Features: Heated, Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Synthetic Stucco, Wood Frame, Stucco, Stone
  • Roof: Tile
Condition
  • Year Built: 2004
Details
  • Builder: Fulton Homes

Community & HOA

Community
  • Subdivision: VINTAGE RANCH
  • Features: Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Vintage Ranch HOA
  • HOA Amenities: Unknown
  • HOA Fee: $269
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $235.32
  • Tax Annual Amount: $4862
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $412,853 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$
0%20%50%

You cover the entire equity of $412,853!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$637,147
Your Cash$412,853
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,029/mo
Traditional @ 7.15%
$5,111/mo
You save $2,082/month ($24,989/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6717535

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Aug 01, 2024 05:27pm

© 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

2.88%
7.15%

Principal & Interest

$3,029 /mo
$4,928 /mo
$69,197 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 $412,853 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$
0%20%50%

You cover the entire equity of $412,853!

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

Loan Breakdown

Assumed Mortgage2.88% Sellers Rate
$637,147
Your Cash$412,853
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 2.88%
$3,029/mo
Traditional @ 7.15%
$5,111/mo
You save $2,082/month ($24,989/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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