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Closed
Closed

$345,000

($51,836 down)
VA

6252 E BILLINGS Street, Mesa, AZ 85205

2
2
1,590 sqft
PITI Monthly
$2,201.85 /mo

Listing courtesy of: Marlene Cerreta, Cerreta Real Estate

Assumed Rate

6.81%
7.15%

Principal & Interest

$1,958 /mo
$2,026 /mo
$47,094 in interest paid off

What's Special

GREAT CURB APPEAL
DINING
SPACIOUS
CUSTOM BUILT
WALK-IN CLOSET
PATIO
CHARMING
COZY
EFFICIENT
Charming Corner-Lot Home in Velda Rose Estates! This energy-efficient home in the vibrant 55+ Velda Rose Estates is a must-see! Sitting on a desirable
corner lot, it offers great curb appeal and a welcoming feel. The backyard is the perfect spot to relax or entertain, featuring a paved patio, a shade
tree, and a lush grassy area. Step inside to an open, light-filled layout with plush carpet, custom built-ins, and seamless indoor-outdoor living. The
kitchen is both stylish and functional, with tile countertops, a coordinating backsplash, built-in appliances, crisp white cabinetry, and a coz... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.81
Remaining Loan Term
27 years, 8 months
Monthly PITI
$2,201.85/mo
Estimated Loan Balance
$293,456
Cash to close
$51,836
Interest Paid
$47,094

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Brick Veneer, Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Brick Veneer, Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1971
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: VELDA ROSE ESTATES EAST UNIT 2
  • Features: Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Velda Rose
  • HOA Amenities: Unknown
  • HOA Fee: $220
  • HOA Frequency: $Annually
Location
  • Region: Mesa

Financial Details

  • Price per Sqft: $216.98
  • Tax Annual Amount: $1129
  • On Market Date: Jan 31, 2025
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Savings Calculator

Current cash to close is $51,836 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$
0%20%50%

You cover the entire equity of $51,836!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$293,164
Your Cash$51,836
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$1,958/mo
Traditional @ 7.15%
$2,102/mo
You save $144/month ($1,728/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6813771

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Apr 15, 2025 08:56pm

© 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

6.81%
7.15%

Principal & Interest

$1,958 /mo
$2,026 /mo
$47,094 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 $51,836 (15%)
You can enter any amount below - secondary financing will cover the difference if needed.
15%
$
0%20%50%

You cover the entire equity of $51,836!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$293,164
Your Cash$51,836
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$1,958/mo
Traditional @ 7.15%
$2,102/mo
You save $144/month ($1,728/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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