Cheryl Riley

Cheryl Riley

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$385,000

($172,952 down)
VA

7415 S 16TH Drive S, Phoenix, AZ 85041

3
2
1,337 sqft
PITI Monthly
$1,234.36 /mo

Listing courtesy of: Creta C Peterson, Cricket Realty

Assumed Rate

2.94%
7.15%

Principal & Interest

$986 /mo
$1,591 /mo

What's Special

PATIO
PLAYGROUND

Come home to a relaxing spa and enjoy this beautiful home that just got new carpet and a fresh coat of paint. Ceiling fans in all rooms, new tile in the master bathroom. Low maintence yard with a large covered patio and concrete patio around the side. A couple of mature shade trees. New window blinds. Bonus doggy door, 2 car garage, A/C replaced 2019. Children's playground is walking distance. A great place to call home.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.94
Remaining Loan Term
25 years, 6 months
Monthly PITI
$1,234.36/mo
Estimated Loan Balance
$213,439
Cash to close
$172,952
Interest Paid
$29,675

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame
  • 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:
Materials
  • Stucco, Wood Frame
  • Roof: Tile
Condition
  • Year Built: 2002
Details
  • Builder: Sunstone Homes

Community & HOA

Community
  • Subdivision: LEXINGTON SQUARE
  • Features: Playground
HOA
  • Has HOA: Yes
  • HOA Name: Lexington Square
  • HOA Amenities: Unknown
  • HOA Fee: $76
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $287.96
  • Tax Annual Amount: $1184
  • On Market Date: 2025-04-12T23:10:05.000Z
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Apply to Assume

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Savings Calculator

Current cash to close is $172,952 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $172,952!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$212,048
Your Cash$172,952
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$986/mo
Traditional @ 7.15%
$1,651/mo
You save $665/month ($7,979/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6850865

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-13T21:10:35.000Z

© , 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

2.94%
7.15%

Principal & Interest

$986 /mo
$1,591 /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 $172,952 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $172,952!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$212,048
Your Cash$172,952
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$986/mo
Traditional @ 7.15%
$1,651/mo
You save $665/month ($7,979/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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