Dan Kaercher

Dan Kaercher

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Closed

$214,900

($18,165 down)
FHA

1340 N RECKER Road UNIT 132, Mesa, AZ 85205

1
1
743 sqft
PITI Monthly
$1,558.75 /mo

Listing courtesy of: Michael F. Olberding, Berkshire Hathaway HomeServices Arizona Properties

Assumed Rate

6.26%
7.15%

Principal & Interest

$1,235 /mo
$1,353 /mo

What's Special

LOCATION
GATED COMMUNITY
SHOPPING
DINING
SPACIOUS
MODERN
FITNESS CENTER
CHARMING

Welcome to this charming one-bedroom, one-bathroom apartment-style condo! Located on the convenient first floor, this home boasts new tile floors throughout, adding a modern touch and easy maintenance. Enjoy the comfort of a less than 1 year-old air conditioner, ensuring a cool and inviting atmosphere year-round. With a spacious layout that maximizes storage and convenience, this condo is perfect for relaxed living. Arriva Condominium Homes offers comfortable, modern living in a gated community. Residents enjoy access to amenities like a pool and fitness center, and the convenience of nearby shopping, dining, and major roadways. Its prime location provides easy access to the 202 freeway, making it perfect for those seeking a a well-connected, low-maintenance lifestyle in the East Valley.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.26
Remaining Loan Term
28 years, 0 months
Monthly PITI
$1,558.75/mo
Estimated Loan Balance
$196,942
Cash to close
$18,165
Interest Paid
$24,794

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Reflective Coating, Built-Up, Foam
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: Public Sewer, Private Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 3
  • Home type: Apartment Style/Flat
  • Architectural Style: Contemporary
Materials
  • Painted, Frame - Wood
  • Roof: Reflective Coating, Built-Up, Foam
Condition
  • Year Built: 1986
Details
  • Builder: Concord

Community & HOA

Community
  • Subdivision: ARRIVA CONDOMINIUM HOMES
  • Features: Gated Community, Community Spa Htd, Community Pool, Near Bus Stop
HOA
  • Has HOA: Yes
  • HOA Name: ARRIVA CONDOMINIUM A
  • HOA Amenities: Unknown
  • HOA Fee: $189
  • HOA Frequency: $Monthly
Location
  • Region: Mesa

Financial Details

  • Price per Sqft: $289.23
  • Tax Annual Amount: $387
  • On Market Date: 2024-09-26T16:40:05.000Z
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 $18,165 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $18,165!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$196,735
Your Cash$18,165
Total Purchase Price:$214,900

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$1,235/mo
Traditional @ 7.5%
$1,403/mo
You save $169/month ($2,024/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6762565

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-01-11T10:00:27.000Z

© , 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

6.26%
7.15%

Principal & Interest

$1,235 /mo
$1,353 /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 $18,165 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $18,165!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$196,735
Your Cash$18,165
Total Purchase Price:$214,900

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$1,235/mo
Traditional @ 7.5%
$1,403/mo
You save $169/month ($2,024/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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