Eric Saul, Designated Broker Your Home and Future, LLC

Eric Saul, Designated Broker Your Home and Future, LLC

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$509,500

($244,955 down)
FHA

1002 E PALM Lane, Phoenix, AZ 85006

2
1
780 sqft
PITI Monthly
$1,683.59 /mo

Listing courtesy of: Harvey A Hill, West USA Realty

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,182 /mo
$1,925 /mo

What's Special

INVESTORS
LOCATION
FIREPLACE
PATIO
COZY

Coveted corner lot property in a great location! This delightful 2-bedroom residence welcomes you with an extended driveway, a double gate and an inviting front patio. The living room showcases a soothing palette, blinds for privacy, wood flooring, and a fireplace for relaxing evenings. Culinary adventures await in the eat-in kitchen, equipped with solid surface counters, white shaker cabinets, a subway tile backsplash, SS appliances, and a breakfast bar. Both bedrooms are cozy and well-sized, offering a private retreat with built-in closets. The enchanting backyard is a highlight, boasting an open patio and a sparkling pool for refreshing dips on hot days. Don't miss out on this fantastic opportunity! ''Investors, this is your chance to own a proven Airbnb, that's a guest FAVORITE''

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.87
Remaining Loan Term
26 years, 7 months
Monthly PITI
$1,683.59/mo
Estimated Loan Balance
$265,092
Cash to close
$244,955
Interest Paid
$26,931

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
Features
  • Materials: Brick Veneer, Painted, Brick
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Living Room
  • Flooring: Tile, Wood

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: Yes
  • Pool Features: Private

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Brick Veneer, Painted, Brick
  • Roof: Composition
Condition
  • Year Built: 1925
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: PRINCETON HEIGHTS
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $653.21
  • Tax Annual Amount: $1603
  • On Market Date: 2025-01-30T15:50:08.000Z
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.

Apply now

Savings Calculator

Current cash to close is $244,955 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $244,955!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$264,545
Your Cash$244,955
Total Purchase Price:$509,500

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,182/mo
Traditional @ 7.5%
$1,996/mo
You save $815/month ($9,778/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6812801

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-25T19:36:49.000Z

© , 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

2.87%
7.15%

Principal & Interest

$1,182 /mo
$1,925 /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 $244,955 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $244,955!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$264,545
Your Cash$244,955
Total Purchase Price:$509,500

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,182/mo
Traditional @ 7.5%
$1,996/mo
You save $815/month ($9,778/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home and Future, LLC
Agent/Broker
Eric Saul, Designated Broker Your Home and Future, LLCYour Home and Future, LLC(480) 241-1893eric@yourhomefuture.comMLS Br547725000

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