Cheryl Riley

Cheryl Riley

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Pending

$450,000

($146,320 down)
FHA

5237 W ALTA MESA Avenue, Laveen, AZ 85339

3
3
2,064 sqft
PITI Monthly
$2,046.11 /mo

Listing courtesy of: Laura Roman, My Home Group Real Estate

Assumed Rate

2.96%
7.15%

Principal & Interest

$1,391 /mo
$2,239 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
WALK-IN CLOSET
LANDSCAPED
EFFICIENT

Love the idea of rural living without giving up city access? This spacious, upgraded gem offers the best of both worlds — tranquility and convenience. Nestled in a peaceful neighborhood surrounded by mountains and agricultural fields, this 3-bedroom, 2.5-bath home offers 2,064 square feet of thoughtfully designed living space. Built in 2021 and meticulously maintained, it features an open floor plan with espresso cabinetry, granite countertops, and tile in all main living areas, blending modern style with everyday functionality. The expansive owner's suite provides a true retreat with a large ensuite bath and walk-in closet, while the generously sized secondary bedrooms offer flexibility for guests, work, or play. Enjoy practical upgrades including Water softer, epoxy-coated garage floors and overhead storage racks, perfect for keeping your space organized and efficient. Step outside to a fully landscaped backyard with no neighbors behind or to the east, giving you the privacy and serenity you've been searching for. Whether you're enjoying a peaceful morning coffee or hosting an evening gathering, this outdoor space is ready to be enjoyed year-round. Experience the charm of rural surroundings with the convenience of being close to shopping, dining, and freeway access. Don't miss this rare opportunity to own a home that truly has it all: space, upgrades, privacy, and location.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.96
Remaining Loan Term
26 years, 3 months
Monthly PITI
$2,046.11/mo
Estimated Loan Balance
$306,230
Cash to close
$146,320
Interest Paid
$35,352

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Block
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: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2021
Details
  • Builder: DR Horton

Community & HOA

Community
  • Subdivision: TIERRA MONTANA PHASE 1 PARCELS 1A AND 1B
  • Features: Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Prior Ridge
  • HOA Amenities: Unknown
  • HOA Fee: $126
  • HOA Frequency: $Monthly
Location
  • Region: Laveen

Financial Details

  • Price per Sqft: $218.02
  • Tax Annual Amount: $3247
  • On Market Date: 2025-04-10T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $146,320 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $146,320!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$303,680
Your Cash$146,320
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,391/mo
Traditional @ 7.15%
$2,323/mo
You save $932/month ($11,185/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6848706

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-14T17:52:40.000Z

© , 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

2.96%
7.15%

Principal & Interest

$1,391 /mo
$2,239 /mo
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 $146,320 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $146,320!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$303,680
Your Cash$146,320
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$1,391/mo
Traditional @ 7.15%
$2,323/mo
You save $932/month ($11,185/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

© 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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