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$315,000

($28,726 down)
FHA

2051 W ELM Street, Phoenix, AZ 85015

4
3
1,704 sqft
PITI Monthly
$2,070.32 /mo

Listing courtesy of: Melanie A Brown, Success Property Brokers

Assumed Rate

5.41%
7.15%

Principal & Interest

$1,656 /mo
$1,990 /mo

What's Special

PATIO
LANDSCAPED
COMMUNITY POOL

A MUST SEE! Welcome to this lovely 4-bedroom, 2.5-bathroom townhouse in a GATED Private Community, conveniently located near Grand Canyon University. This home has a large private patio, two assigned covered parking spots and a storage shed. Right outside of your front door there is a beautifully landscaped green grass courtyard and a walkway leading to the community pool with additional guest parking.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.41
Remaining Loan Term
27 years, 5 months
Monthly PITI
$2,070.32/mo
Estimated Loan Balance
$291,901
Cash to close
$28,726
Interest Paid
$40,450

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Block, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Block, Chain Link
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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: Townhouse
  • Architectural Style:
Materials
  • Painted, Block, Frame - Wood
  • Roof: Composition
Condition
  • Year Built: 1970
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: PARK MEDITERRANE TOWNHOUSES (SUB LOT DEV)
  • Features: Gated Community, Community Pool, Near Bus Stop, Playground, Clubhouse
HOA
  • Has HOA: Yes
  • HOA Name: Park Mediterrane
  • HOA Amenities: Unknown
  • HOA Fee: $210.39
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $184.86
  • Tax Annual Amount: $669
  • On Market Date: 2024-08-29T00:00:00.000Z
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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 $28,726 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $28,726!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$286,274
Your Cash$28,726
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$1,656/mo
Traditional @ 7.5%
$2,064/mo
You save $408/month ($4,893/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6739336

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-01-23T17:52:24.000Z

© , 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

5.41%
7.15%

Principal & Interest

$1,656 /mo
$1,990 /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 $28,726 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $28,726!

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

Loan Breakdown

Assumed Mortgage5.41% Sellers Rate
$286,274
Your Cash$28,726
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 5.41%
$1,656/mo
Traditional @ 7.5%
$2,064/mo
You save $408/month ($4,893/year)

*Secondary financing rates are an estimated value based on input

equal-housing

UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.