Dan Kaercher

Dan Kaercher

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Closed

$350,000

($210,230 down)
FHA

40864 W NOVAK Lane, Maricopa, AZ 85138

3
2
1,891 sqft
PITI Monthly
$1,089.93 /mo

Listing courtesy of: Braylon Hanson, LPT Realty, LLC

Assumed Rate

2.94%
7.15%

Principal & Interest

$669 /mo
$1,079 /mo

What's Special

DINING
SPACIOUS
VAULTED CEILINGS
WALK-IN CLOSET
DOUBLE VANITY
HOME OFFICE
PATIO

This newly updated home is located in the quiet Homestead neighborhood of Maricopa! Featuring 3 bedrooms, 2 full bathrooms, a den, and 1,891 sqft of living space, this property has everything you need. The fresh exterior paint welcomes you as you step inside, where vaulted ceilings and natural light create an inviting atmosphere in the great room. Just off the great room, you'll find the spacious kitchen, which opens to the dining area and a second living room perfect for entertaining or family gatherings. The primary bedroom, located across the home for added privacy, also features vaulted ceilings, a beautifully updated bathroom with a new double vanity, and a walk-in closet. Adjacent to the primary bedroom is a separate den, ideal for a home office or creative space. Down the hall, you'll find two additional bedrooms and a second full bathroom, all with new, plush carpet. Step outside to enjoy the private covered patio overlooking the newly installed turf and rock landscaping, designed for low-maintenance outdoor living.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,089.93/mo
Estimated Loan Balance
$146,018
Cash to close
$210,230
Interest Paid
$19,775

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Spanish
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 2007
Details
  • Builder: DR Horton

Community & HOA

Community
  • Subdivision: PARCEL 2 AT HOMESTEAD NORTH
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: Homestead North
  • HOA Amenities: Unknown
  • HOA Fee: $47
  • HOA Frequency: $Monthly
Location
  • Region: Maricopa

Financial Details

  • Price per Sqft: $185.09
  • Tax Annual Amount: $1898.2
  • On Market Date: 2025-01-14T23:20:05.000Z
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 $210,230 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $210,230!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$139,770
Your Cash:$210,230
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$669/mo
Traditional @ 7.5%
$1,120/mo
You save $451/month ($5,412/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6804922

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-03-07T15:09:12.000Z

© , 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

$669 /mo
$1,079 /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 $210,230 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $210,230!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$139,770
Your Cash:$210,230
Total Purchase Price:$350,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$669/mo
Traditional @ 7.5%
$1,120/mo
You save $451/month ($5,412/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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