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Closed
Closed

$360,000

($110,143 down)
FHA

6900 E Princess Drive UNIT 2212, Phoenix, AZ 85054

2
2
985 sqft
PITI Monthly
$1,994.34 /mo

Listing courtesy of: Elena Elbirt, Russ Lyon Sotheby's International Realty

Assumed Rate

6.11%
7.15%

Principal & Interest

$1,553 /mo
$1,729 /mo
$38,513 in interest paid off

What's Special

LOCATION
SERENE
LUXURY
HOME OFFICE
CLUBHOUSE
Fall in love with this rare opportunity. 2 Bedrooms, 2 bathrooms in the best location in Scottsdale. 2 minutes to Whole Foods, Princess Hotel, Kierland
and The Quarter. Serene view from the living room, top floor with no one above you. This condo offers the best lifestyle Arizona has for you. 7 minutes
to Mayo Clinic which would make it a fantastic rental for nurses and traveling physicians. Whether this is for you or an investment, you cannot go wrong
with this irresistible property. Luxury gym, fantastic clubhouse, huge heated HOA pool, hot tub, work from home offices, all included for $239 a month.
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 6 months
Monthly PITI
$1,994.34/mo
Estimated Loan Balance
$250,414
Cash to close
$110,143
Interest Paid
$38,513

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Refrigeration
  • Heating: Natural Gas
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Wrought Iron
Roof
  • Roof: Tile
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Apartment Style/Flat
  • Architectural Style: Contemporary
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2003
Details
  • Builder: NA

Community & HOA

Community
  • Subdivision: Larronata Condominiums
  • Features: Gated Community, Community Spa Htd, Community Pool Htd, Clubhouse, Fitness Center
HOA
  • Has HOA: Yes
  • HOA Name: Capital Property Vnt
  • HOA Amenities: Unknown
  • HOA Fee: $239.34
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $365.48
  • Tax Annual Amount: $1326
  • On Market Date: Sep 27, 2024
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Savings Calculator

Current cash to close is $110,143 (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 $110,143!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$249,857
Your Cash$110,143
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$1,553/mo
Traditional @ 7.15%
$1,793/mo
You save $240/month ($2,885/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6759307

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Dec 09, 2024 06:13pm

© 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

6.11%
7.15%

Principal & Interest

$1,553 /mo
$1,729 /mo
$38,513 in interest paid off
Inquire about this property
​
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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 $110,143 (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 $110,143!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$249,857
Your Cash$110,143
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$1,553/mo
Traditional @ 7.15%
$1,793/mo
You save $240/month ($2,885/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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