$600,000
($247,953 down)1865 S Morrison Lane, Gilbert, AZ 85295
PITI Monthly
Listing courtesy of: Daniel Brown, My Home Group Real Estate
Assumed Rate
3.45%
7.15%Principal & Interest
$1,749 /mo
$2,648 /moWhat's Special
Wow! Check out this stunning home in the Serrano community. It features an open split floor plan with wood-look tile and concrete floors, neutral paint, recessed lighting, modern fixtures, and plenty of natural light. The spacious kitchen offers ample counter and cabinet space, stainless steel appliances, and a breakfast bar, while the dining area opens to a covered patio. The large primary suite includes an en suite with dual sinks, a soaking tub, separate shower, and walk-in closet. Three additional guest rooms and a full bath complete the interior. Enjoy a natural grass backyard and upgrades like a newer water heater (2023), drip lines (2024), flat roof (2021), and a 240V garage outlet. Conveniently located near AZ-202, shopping, and dining!
Assumption Snapshot
Type of Loan
VA
Interest Rate
3.45
Remaining Loan Term
25 years, 1 months
Monthly PITI
$2,072.33/mo
Estimated Loan Balance
$354,246
Cash to close
$247,953
Interest Paid
$63,258
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Cooling & Heating
- Cooling: Central Air, Ceiling Fan(s)
- Heating: Natural Gas
Features
- Materials: Synthetic Stucco, Wood Frame
- Community: Unknown
- Has Fireplace: No
- Fireplace Features: None
- Flooring: Tile, Concrete
Exterior
Fencing
- Fencing: Block
Roof
- Roof: Tile, Built-Up, Concrete
Parking
- Garage: Yes
- Garage Spaces: 3
- Carport: Yes
- Carport Spaces: 3
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: Contemporary
Materials
- Synthetic Stucco, Wood Frame
- Roof: Tile, Built-Up, Concrete
Condition
- Year Built: 1999
Details
- Builder: Morrison Homes
Community & HOA
Community
- Subdivision: SERRANO REPLAT
- Features: Playground, Biking/Walking Path
HOA
- Has HOA: Yes
- HOA Name: Serrano
- HOA Amenities: Unknown
- HOA Fee: $223
- HOA Frequency: $Quarterly
Location
- Region: Gilbert
Financial Details
- Price per Sqft: $307.38
- Tax Annual Amount: $1876
- On Market Date: 2025-04-11T17:20:09.000Z
Inquire about this property
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Fill out an application to explore financing options for assuming this loan.
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You cover the entire equity of $247,953!
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Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: 6850038
Listing From: Arizona Regional Multiple Listing Service (ARMLS)
Last updated: 2025-04-14T21:21:22.000Z
© , 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
3.45%
7.15%Principal & Interest
$1,749 /mo
$2,648 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $247,953!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000Resources
Apply to Assume© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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