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Closed
Closed

$315,000

($16,816 down)
FHA

8520 W PALM Lane UNIT 1091, Phoenix, AZ 85037

3
2
1,340 sqft
PITI Monthly
$2,343.64 /mo

Listing courtesy of: Alexander Olson, Citiea

Assumed Rate

6.99%
7.15%

Principal & Interest

$1,997 /mo
$2,029 /mo
$19,171 in interest paid off

What's Special

REMODELED
SPACIOUS
MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
PATIO
CHARMING
Now with a brand new roof! Welcome to your beautifully remodeled oasis in West Phoenix! This charming patio home boasts modern upgrades and
thoughtful touches throughout, making it the perfect blend of comfort and style. As you enter, you're greeted by a spacious open-concept living area,
featuring new laminate floors and large windows that flood the space with natural light and look out onto the patio. The gourmet kitchen is a chef's
dream, showcasing granite countertops, stainless steel appliances, and tile flooring Step outside to your private patio retreat, ideal for enj... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.99
Remaining Loan Term
29 years, 1 months
Monthly PITI
$2,343.64/mo
Estimated Loan Balance
$298,699
Cash to close
$16,816
Interest Paid
$19,171

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring:

Exterior

Fencing
  • Fencing: Block
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: 1
  • Home type: Patio Home
  • Architectural Style:
Materials
  • Stucco, Wood Frame
  • Roof: Tile
Condition
  • Year Built: 1999
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: WESTFIELD 1 LOT 1-136 TR A-E
  • Features: Community Pool
HOA
  • Has HOA: Yes
  • HOA Name: Westfield HOA
  • HOA Amenities: Unknown
  • HOA Fee: $132.87
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $235.07
  • Tax Annual Amount: $708
  • On Market Date: Mar 07, 2025
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Savings Calculator

Current cash to close is $16,816 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$
0%20%50%

You cover the entire equity of $16,816!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$298,184
Your Cash$16,816
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$1,997/mo
Traditional @ 7.15%
$2,105/mo
You save $108/month ($1,296/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6830655

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Apr 28, 2025 02:30am

© 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

6.99%
7.15%

Principal & Interest

$1,997 /mo
$2,029 /mo
$19,171 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 $16,816 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$
0%20%50%

You cover the entire equity of $16,816!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$298,184
Your Cash$16,816
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$1,997/mo
Traditional @ 7.15%
$2,105/mo
You save $108/month ($1,296/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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