Dan Kaercher

Dan Kaercher

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$274,900

($114,151 down)
FHA

2802 W MELVIN Street, Phoenix, AZ 85009

2
1
788 sqft
PITI Monthly
$1,103.57 /mo

Listing courtesy of: Christine L Kinchen, Twins & Co. Realty, LLC

Assumed Rate

2.94%
7.15%

Principal & Interest

$747 /mo
$1,206 /mo

What's Special

REMODELED
DINING
SPACIOUS
MOVE-IN READY
MODERN

Exceptional value on this c.1936 remodeled Phx bungalow! The interior is completely updated and move-in ready. The big items are done: NEW HVAC in 2024 with updated ductwork and NEW roof in 2021. The inviting front porch is lined with Saltillo tile and overlooks the fully-fenced front yard with mature, desert-adapted trees. The kitchen features classic white shaker cabinetry, slab granite counters, black appliances (all appliances included) and a built-in office/desk area. The open floorplan allows for flexible use of the space. Gorgeous wood plank tile flooring flows throughout the living space. The formal dining area sits between the kitchen and living room with a modern chandelier and picture window. Both bedrooms have neutral carpet and ceiling fans. The bathroom is fully-remodeled with a tiled shower/tub surround and newer vanity. The rear yard is spacious and low maintenance with block fencing and 2 RV gates (one off the driveway and one with alley access). Additional upgrades include: dual pane windows, 6 panel interior doors, ceiling fans and a storage shed. Nearby many Phoenix staples and destinations in a very walkable neighborhood (walkscore of 75/100).

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 6 months
Monthly PITI
$1,103.57/mo
Estimated Loan Balance
$161,804
Cash to close
$114,151
Interest Paid
$22,496

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air, ENERGY STAR Qualified Equipment, Programmable Thmstat
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block, Chain Link
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: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Composition
Condition
  • Year Built: 1936
Details
  • Builder: unknown

Community & HOA

Community
  • Subdivision: WILLOW ADDITION
  • Features: Near Bus Stop
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $348.86
  • Tax Annual Amount: $958
  • On Market Date: 2025-04-03T15:20:10.000Z
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 $114,151 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $114,151!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$160,749
Your Cash$114,151
Total Purchase Price:$274,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$747/mo
Traditional @ 7.5%
$1,251/mo
You save $504/month ($6,048/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6845278

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-03T18:35:53.000Z

© , 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

2.94%
7.15%

Principal & Interest

$747 /mo
$1,206 /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 $114,151 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $114,151!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$160,749
Your Cash$114,151
Total Purchase Price:$274,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$747/mo
Traditional @ 7.5%
$1,251/mo
You save $504/month ($6,048/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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