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Closed
Closed

$305,000

($199,780 down)
FHA

8478 W LEWIS Avenue, Phoenix, AZ 85037

2
3
1,449 sqft
PITI Monthly
$943.46 /mo

Listing courtesy of: Adam Prather, Russ Lyon Sotheby's International Realty

Assumed Rate

3.61%
7.15%

Principal & Interest

$590 /mo
$875 /mo
$37,917 in interest paid off

What's Special

DESIRED
MODERN
WALK-IN CLOSET
PRIVATE BACKYARD
CUL-DE-SAC
CHARMING
Welcome to this highly desired 2-bed, 2.5-bath home, nestled on a peaceful cul-de-sac. With 1449 sq ft of living space, this home boasts soaring high
ceilings and modern updates throughout. The recently painted interior features newly painted cabinets and a tiled accent wall in the living room. Enjoy
a private backyard with a charming gazebo, perfect for relaxation. The kitchen showcases all-new appliances and a new kitchen sink. The home also
offers new ceiling fans, vanities with custom barn doors, and walk-in closets. Additional perks include a newly epoxied garage, new HVAC, ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.61
Remaining Loan Term
21 years, 1 months
Monthly PITI
$943.46/mo
Estimated Loan Balance
$105,493
Cash to close
$199,780
Interest Paid
$37,917

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

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

Construction

Type & Style
  • Stories: 2
  • Home type: Single Family Residence
  • Architectural Style: Santa Barbara/Tuscan
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2008
Details
  • Builder: Pulte Homes

Community & HOA

Community
  • Subdivision: BAILEY COMMONS CONDOMINIUM AMD
  • Features: Gated, Community Pool, Playground
HOA
  • Has HOA: Yes
  • HOA Name: Bailey Commons
  • HOA Amenities: Unknown
  • HOA Fee: $162
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $210.49
  • Tax Annual Amount: $1340
  • On Market Date: Jan 16, 2025
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Savings Calculator

Current cash to close is $199,780 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
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0%20%50%

You cover the entire equity of $199,780!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$105,220
Your Cash:$199,780
Total Purchase Price:$305,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$590/mo
Traditional @ 7.15%
$908/mo
You save $318/month ($3,816/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6806057

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 01, 2025 09:10am

© 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

$590 /mo
$875 /mo
$37,917 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 $199,780 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$
0%20%50%

You cover the entire equity of $199,780!

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

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$105,220
Your Cash:$199,780
Total Purchase Price:$305,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$590/mo
Traditional @ 7.15%
$908/mo
You save $318/month ($3,816/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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