Bobi Hernandez

Bobi Hernandez

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$470,000

($306,713 down)
FHA

2873 S ARROYO Lane, Gilbert, AZ 85295

3
3
1,692 sqft
PITI Monthly
$1,402.13 /mo

Listing courtesy of: Wendi Blair, Century 21 Arizona Foothills

Assumed Rate

3.89%
7.15%

Principal & Interest

$962 /mo
$1,379 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
WALK-IN CLOSET
PLAYGROUND
CHARMING

This charming 3 bed/2.5 bath home is nestled on a premium corner lot in the heart of Cooley Station. Downstairs, you'll find an open-concept living, dining, and kitchen area. The carpet flooring has been freshly updated with wood-look plank flooring and the interior was just freshly painted - giving the space a clean, refreshed feel. The 3 bdrms are located upstairs for privacy, including the spacious primary suite with walk-in closet and ensuite bath. Two additional bedrooms share a full bath, with a functional built-in desk nook perfect for studying or work. Lots of natural light! Neighborhood perks include pools, greenbelts, walking paths, playgrounds, and front yard landscaping is maintained by HOA. Just minutes from new restaurants, shopping, schools, and entertainment.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.89
Remaining Loan Term
20 years, 7 months
Monthly PITI
$1,402.13/mo
Estimated Loan Balance
$176,718
Cash to close
$306,713
Interest Paid
$67,817

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Stone
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl, 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: 2
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Stone
  • Roof: Tile
Condition
  • Year Built: 2007
Details
  • Builder: Capital Pacific

Community & HOA

Community
  • Subdivision: COOLEY STATION PHASE 2
  • Features: Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Cooley Station
  • HOA Amenities: Unknown
  • HOA Fee: $441
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $277.78
  • Tax Annual Amount: $1550
  • On Market Date: 2025-04-14T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $306,713 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $306,713!

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

Loan Breakdown

Assumed Mortgage3.89% Sellers Rate
$163,287
Your Cash:$306,713
Total Purchase Price:$470,000

Assumed vs Traditional Mortgage

Assumed @ 3.89%
$962/mo
Traditional @ 7.15%
$1,430/mo
You save $468/month ($5,622/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6845949

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-16T04:46:23.000Z

© , 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

3.89%
7.15%

Principal & Interest

$962 /mo
$1,379 /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 $306,713 (65%)
You can enter any amount below - secondary financing will cover the difference if needed.
65%
$

You cover the entire equity of $306,713!

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

Loan Breakdown

Assumed Mortgage3.89% Sellers Rate
$163,287
Your Cash:$306,713
Total Purchase Price:$470,000

Assumed vs Traditional Mortgage

Assumed @ 3.89%
$962/mo
Traditional @ 7.15%
$1,430/mo
You save $468/month ($5,622/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Bobi Hernandez(602) 761-0781bobisellsazhomes@gmail.comMLS

© 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 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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