$426,900
Phoenix, AZ 85042
MLS# 7026831
4 beds | 3 baths
1 / 9
Property Description
RARE 2.25% ASSUMABLE VA LOAN - A FINANCING OPPORTUNITY YOU DON'T SEE OFTEN! With interest rates significantly higher today, this home offers a unique chance for qualified buyers to potentially save hundreds per month by assuming the seller's existing 2.25% VA loan (subject to lender and VA approval). The current loan balance is approximately $189,000 with an estimated monthly payment of around $1,200. Buyers would need approximately $237,900 in cash, secondary financing, or a combination of both to cover the difference between the purchase price and the assumable loan balance. Beyond the financing advantage, this well-maintained home offers comfortable living in a convenient Phoenix location. Enjoy a functional floor plan with inviting living spaces!
Details
Maps
Contract Information
List Price: $426,900
Status: Active
Current Price: $426,900
List Date: 2026-05-01
Type: Exclusive Agency
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 7424
Compass: S
Street Name: 27TH
St Suffix: Terrace
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 5958
Country: US
County Code: Maricopa
Assessor Number: 122-95-073
Subdivision: MOUNTAIN GROVE COMMUNITY
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 4
Full Bathrooms: 2
Half Bathrooms: 1
Total Bathrooms: 3
Approx SQFT: 1958
Price/SqFt: 218.03
Horses: N
Builder Name: WILSON PARKER HOMES
Year Built: 2011
Approx Lot SqFt: 3930
Approx Lot Acres: 0.09
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Planned Comm Name: MOUNTAIN GROVE COMMUNITY
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Bernard Black Elementary School
Jr. High School: Valley View School
High School: Camelback High School
Remarks Misc
Geo Lat: 33.379171
Geo Lon: -112.023478
Legal Info
Township: 1N
Range: 3E
Section: 35
Lot Number: 58
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Master Bathroom: Full Bth Master Bdrm
Flooring: Carpet; Tile
Spa: None
Dining Area: Formal
Kitchen Features: Built-In Electric Oven; Built-in Microwave
Laundry: See Remarks
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile
Cooling: Central Air
Heating: Forced Air
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: Block
Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: VA
Existing 1st Loan Terms: Assume - Qualify
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Listing Office: HomeSmart
Last Updated: June - 21 - 2026
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