Bobi Hernandez

Bobi Hernandez

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$525,000

($490,608 down)
FHA

5315 S RIVER Drive, Tempe, AZ 85283

3
2
1,647 sqft
PITI Monthly
$926.13 /mo

Listing courtesy of: Randy Courtney, Weichert, Realtors - Courtney Valleywide

Assumed Rate

6.75%
7.15%

Principal & Interest

$497 /mo
$517 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
MOVE-IN READY
MODERN
MASTER SUITE
PATIO
COZY
NO HOA

Get ready to fall in love with this beautifully updated 3-bedroom, 2-bathroom home in the heart of Tempe—where location, style, and freedom come together with NO HOA! Freshly painted inside and out, this home features gorgeous wood-look vinyl flooring throughout, creating a warm, modern vibe. The spacious master suite offers a peaceful escape, complete with an updated master bath featuring a stunning marble shower. The kitchen is a chef's dream, loaded with tons of sleek, updated cabinetry, Formica countertops, and plenty of space to prep, cook, and entertain. Enjoy both a generous family room and cozy living room, giving you multiple spaces to gather, relax, or entertain. Step outside to your huge backyard, the perfect blank canvas to create your own desert oasis! With an extended patio, low-maintenance landscaping, and plenty of room for a pool, garden, or entertaining space, the possibilities are endless. Plus, there's extra parking on the side with an RV gate, perfect for storing a trailer, boat, or additional vehicles. This home is packed with updates, including a brand-new roof (2025), new hot water heater, and new sewer line, giving you peace of mind and value for years to come. And the location? It doesn't get better just minutes to the US-60 and Loop 101, shopping, dining, and everything Tempe has to offer. Don't miss this opportunity to own a move-in ready home

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.75
Remaining Loan Term
7 years, 4 months
Monthly PITI
$926.13/mo
Estimated Loan Balance
$35,588
Cash to close
$490,608
Interest Paid
$92,900

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Brick Veneer, Painted, Brick, Slump Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
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
  • Brick Veneer, Painted, Brick, Slump Block
  • Roof: Composition
Condition
  • Year Built: 1976
Details
  • Builder: Knoell

Community & HOA

Community
  • Subdivision: KNOELL TEMPE UNIT 7
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Tempe

Financial Details

  • Price per Sqft: $318.76
  • Tax Annual Amount: $2504
  • On Market Date: 2025-04-15T23:40:18.000Z
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.

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Savings Calculator

Current cash to close is $490,608 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $490,608!

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

Loan Breakdown

Assumed Mortgage6.75% Sellers Rate
$34,392
Your Cash:$490,608
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 6.75%
$497/mo
Traditional @ 7.15%
$536/mo
You save $40/month ($478/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6852082

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-16T01:42:19.000Z

© , 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

6.75%
7.15%

Principal & Interest

$497 /mo
$517 /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 $490,608 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $490,608!

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

Loan Breakdown

Assumed Mortgage6.75% Sellers Rate
$34,392
Your Cash:$490,608
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 6.75%
$497/mo
Traditional @ 7.15%
$536/mo
You save $40/month ($478/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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