Cheryl Riley

Cheryl Riley

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$650,000

($210,196 down)
FHA

8609 S 16TH Street, Phoenix, AZ 85042

5
3
2,073 sqft
PITI Monthly
$3,331.69 /mo

Listing courtesy of: Cora Strozier, The Strozier Group

Assumed Rate

6.26%
7.15%

Principal & Interest

$2,778 /mo
$3,044 /mo

What's Special

REMODELED
OPEN CONCEPT
SHOPPING
FIREPLACE
MOUNTAIN VIEWS
NO HOA

Remodeled 5 bed/2.5 bath home with open concept that boasts 3 car garage, mountain views, 2 fireplaces, RV gate, NO HOA and more. Plenty of space for your toys on this .25 acre lot in the heart of Phoenix. Minutes from schools/college, shopping, South Mountain hiking trails and Downtown. Seller is selling home ''AS IS'' but it will be freshly painted on outside in the next 2 weeks. Buyer to verify all material facts.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.26
Remaining Loan Term
28 years, 0 months
Monthly PITI
$3,331.69/mo
Estimated Loan Balance
$441,240
Cash to close
$210,196
Interest Paid
$55,787

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric, Ceiling
Features
  • Materials: Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 2 Fireplace, Living Room
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: Yes
  • Carport Spaces: 3
Water
  • Sewer: Sewer in & Cnctd, Septic Tank
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Wood Frame, Painted
  • Roof: Composition
Condition
  • Year Built: 1986
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: VILLA VISTA 3
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $313.56
  • Tax Annual Amount: $2167
  • On Market Date: 2025-04-12T21:20:03.000Z
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 $210,196 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $210,196!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$439,804
Your Cash$210,196
Total Purchase Price:$650,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$2,778/mo
Traditional @ 7.15%
$3,157/mo
You save $380/month ($4,555/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6850831

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-12T23:20:39.000Z

© , 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

6.26%
7.15%

Principal & Interest

$2,778 /mo
$3,044 /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 $210,196 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $210,196!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$439,804
Your Cash$210,196
Total Purchase Price:$650,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$2,778/mo
Traditional @ 7.15%
$3,157/mo
You save $380/month ($4,555/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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