Cheryl Riley

Cheryl Riley

(602) 353-7375
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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Pending

$320,000

($122,895 down)
FHA

1611 N 37TH Drive, Phoenix, AZ 85009

3
2
1,100 sqft
PITI Monthly
$1,331.6 /mo

Listing courtesy of: Kelly Ferrari, eXp Realty

Assumed Rate

3.07%
7.15%

Principal & Interest

$903 /mo
$1,434 /mo
$20,977 in interest paid off

What's Special

LUXURY
CHARMING
NO HOA

RV PARKING NO HOA NEWER ROOF and AC Charming 3 bed, 2 bath Phoenix home with easy access to I-17 & I-10! Recently painted exterior and interior with two tones. HVAC and roof both replaced in 2023. Luxury plank vinyl flooring throughout, all carpet has been removed. Kitchen highlights include granite counter tops, tile backsplash, newer stainless steel smooth top stove and built in microwave. The fully fenced front and backyard offer privacy and security. RV gate for extra convenience to store RV, boat or toys. Exterior storage room with newer roof and stucco—perfect for all your needs! Solar lease helps keep the electric bills consistent.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$1,331.6/mo
Estimated Loan Balance
$198,690
Cash to close
$122,895
Interest Paid
$20,977

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Other
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Block
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: Other
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Composition
Condition
  • Year Built: 1948
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: PALOMAR HOMES
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $290.91
  • Tax Annual Amount: $1541
  • On Market Date: 2025-04-08T23:00:09.000Z
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 $122,895 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $122,895!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$197,105
Your Cash$122,895
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$903/mo
Traditional @ 7.15%
$1,487/mo
You save $584/month ($7,009/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6848264

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-14T16:10:13.000Z

© , 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

3.07%
7.15%

Principal & Interest

$903 /mo
$1,434 /mo
$20,977 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 $122,895 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $122,895!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$197,105
Your Cash$122,895
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$903/mo
Traditional @ 7.15%
$1,487/mo
You save $584/month ($7,009/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000
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