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Closed
Closed

$489,000

($190,596 down)
FHA

861 S HENRY Lane, Gilbert, AZ 85296

4
3
2,164 sqft
PITI Monthly
$1,991.12 /mo

Listing courtesy of: Wesley Moore, Realty ONE Group

Assumed Rate

3.31%
7.15%

Principal & Interest

$1,433 /mo
$2,208 /mo
$50,549 in interest paid off

What's Special

REMODELED
FRESH PAINT
SPACIOUS
MODERN
This spacious home boasts over 2,100 square feet of living space, featuring four bedrooms and 2.5 bathrooms. Enjoy the peace of mind that comes
with numerous recent upgrades, including a brand new water heater, a new water softener system, and fresh paint throughout. The kitchen is
equipped with a newer oven, microwave, and dishwasher, ensuring you have modern conveniences at your fingertips. You'll appreciate the elegant
laminate flooring throughout the home, while the upstairs spare bathroom has been beautifully remodeled with stylish tile flooring. The H... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.31
Remaining Loan Term
25 years, 1 months
Monthly PITI
$1,991.12/mo
Estimated Loan Balance
$314,825
Cash to close
$190,596
Interest Paid
$50,549

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Programmable Thmstat, Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate, 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 - Detached
  • Architectural Style:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2006
Details
  • Builder: Trend Homes

Community & HOA

Community
  • Subdivision: COOLEY STATION NORTH PARCEL 1
  • Features: Community Spa Htd, Community Spa, Community Pool Htd, Community Pool, Near Bus Stop, Racquetball, Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Cooley Station
  • HOA Amenities: Unknown
  • HOA Fee: $145
  • HOA Frequency: $Monthly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $225.97
  • Tax Annual Amount: $1915
  • On Market Date: Jul 30, 2024
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Savings Calculator

Current cash to close is $190,596 (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 $190,596!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$298,404
Your Cash$190,596
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,433/mo
Traditional @ 7.15%
$2,290/mo
You save $857/month ($10,280/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6733472

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Feb 11, 2025 04:21pm

© 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

3.31%
7.15%

Principal & Interest

$1,433 /mo
$2,208 /mo
$50,549 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 $190,596 (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 $190,596!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$298,404
Your Cash$190,596
Total Purchase Price:$489,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$1,433/mo
Traditional @ 7.15%
$2,290/mo
You save $857/month ($10,280/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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