7424 S 27th Terrace, Phoenix, AZ 85042
- $426,900
- 4
- BD
- 3
- BA
- 1,958
- SqFt
- List Price
- $426,900
- Price Change
- ▼ $3,100 1782037327
- Days on Market
- 89
- Status
- ACTIVE
- MLS#
- 7026831
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 3
- Living SQFT
- 1,958
- Lot Size
- 3,930
- Subdivision
- Mountain Grove Community
- Year Built
- 2011
- Type
- Single Family Residence
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!
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Additional Information
- Elementary School
- Bernard Black Elementary School
- High School
- Camelback High School
- Middle School
- Valley View School
- Acres
- 0.09
- Assoc Fee Includes
- Maintenance Grounds
- Hoa Fee
- $327
- Hoa Fee Frequency
- Quarterly
- Hoa
- Yes
- Hoa Name
- Mountain Grove
- Builder Name
- WILSON PARKER HOMES
- Community
- Mountain Grove Community
- Construction
- Wood Frame, Stucco
- Cooling
- Central Air
- Fencing
- Block
- Flooring
- Carpet, Tile
- Garage Spaces
- 2
- Heating
- Forced Air
- Laundry
- See Remarks
- Living Area
- 1,958
- Lot Size
- 3,930
- New Financing
- Cash, VA Loan, FHA, Conventional
- Lot Features
- Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
- Roofing
- Tile
- Spa
- None
- Stories
- 2
- Subdivision
- Mountain Grove Community
- Taxes
- $2,851
- Tax Year
- 2025
- Water
- Public
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Listing courtesy of HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.