Dan Kaercher

Dan Kaercher

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$550,000

($316,613 down)
FHA

1225 Highway Loop, Forest Lakes, AZ 85931

2
1
1,008 sqft
PITI Monthly
$1,926.88 /mo

Listing courtesy of: Heather Justice, West USA Realty

Assumed Rate

6.5%
7.15%

Principal & Interest

$1,479 /mo
$1,581 /mo

What's Special

LOCATION
AWARD WINNING
MODERN
DECK
CUL-DE-SAC
CHARMING
EFFICIENT
RENTAL INCOME
TURNKEY

Discover a unique opportunity in Forest Lakes Estates with this newly listed multi-family property at 1225 Highway Loop. Built in 2022, this award winning cabin offers a blend of eco-friendly living and potential rental income. The 1008 square foot home features two bedrooms and one bathroom, showcasing an efficient use of space. The interior boasts modern amenities, including keyless entry, a smart thermostat, and a tankless water heater. The lower level comprises a kitchen, great room, two bedrooms, and a bathroom with an integrated laundry area. An additional sleeping loft or bonus living space is located upstairs, providing versatile living options. Exterior highlights include a durable Trex front deck, adding both aesthetic appeal and longevity to the property. Situated on over an acre of land in a cul-de-sac, this multi-family zoned lot presents numerous development possibilities. The county has already approved the construction of two additional tiny homes, offering potential for expansion or rental income. Sellers have also carved out a great location for a future garage. Forest Lakes Estates, nestled atop the Mogollon Rim, provides a refreshing retreat just two hours from Phoenix, with temperatures 30-50 degrees cooler. The community is surrounded by towering Ponderosa Pines and features several trout-stocked lakes, perfect for fishing enthusiasts. Unlike many developments, Forest Lakes has no mandatory HOA, fostering a welcoming atmosphere with community events and a voluntary homeowners association. Recreational opportunities abound in this vibrant area. Residents can explore the woods, kayak, fish, or navigate extensive UTV trails with breathtaking views. The community also boasts a library/church with a basketball court and a bustling community center that hosts markets, rummage sales, game nights, and special events like the 4th of July fair. This can be a turnkey property, furniture is negotiable, allowing for immediate enjoyment. Whether seeking a cool summer getaway or a charming winter wonderland, Forest Lakes offers the perfect retreat. Don't miss this chance to own a piece of tranquil paradise and create lasting memories in this unique, eco-friendly home.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.5
Remaining Loan Term
29 years, 6 months
Monthly PITI
$1,926.88/mo
Estimated Loan Balance
$233,813
Cash to close
$316,613
Interest Paid
$7,588

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Ceiling Fan(s), ENERGY STAR Qualified Equipment, Mini Split
  • Heating: Mini Split, ENERGY STAR Qualified Equipment
Features
  • Materials: See Remarks, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Fire Pit, None
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Metal
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Septic in & Cnctd
  • Water Source: Pvt Water Company
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Other (See Remarks)
Materials
  • See Remarks, Frame - Wood
  • Roof: Metal
Condition
  • Year Built: 2022
Details
  • Builder: Weigold

Community & HOA

Community
  • Subdivision: Forest Lakes Estates
  • Features: Clubhouse
HOA
  • Has HOA: No
Location
  • Region: Forest Lakes

Financial Details

  • Price per Sqft: $545.63
  • Tax Annual Amount: $1383
  • On Market Date: 2025-01-03T02:00:05.000Z
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 $316,613 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $316,613!

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

Loan Breakdown

Assumed Mortgage6.5% Sellers Rate
$233,387
Your Cash:$316,613
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.5%
$1,479/mo
Traditional @ 7.5%
$1,581/mo
You save $102/month ($1,222/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6799536

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-01-14T19:53:33.000Z

© , 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

6.5%
7.15%

Principal & Interest

$1,479 /mo
$1,581 /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 $316,613 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $316,613!

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

Loan Breakdown

Assumed Mortgage6.5% Sellers Rate
$233,387
Your Cash:$316,613
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 6.5%
$1,479/mo
Traditional @ 7.5%
$1,581/mo
You save $102/month ($1,222/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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