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Closed

$675,000

($172,217 down)
VA

16800 E EL LAGO Boulevard UNIT 1038, Fountain Hills, AZ 85268

2
2
1,633 sqft
PITI Monthly
$3,476.05 /mo

Listing courtesy of: Wendy C. Kelleher, Kelleher Realty & Associates

Assumed Rate

6.27%
7.15%

Principal & Interest

$3,179 /mo
$3,480 /mo

What's Special

REMODELED
SHOPPING
DINING
LUXURY
FITNESS CENTER

Fantastic, spotlessly clean and beautifully decorated 2 bd/2 bth with Den 1633 sft GROUND FLOOR condo (no steps!) located in premiere GATED luxury community, the Village at Towne Center. Completely remodeled, new Renewal by Anderson windows, move in ready. 2 car tandem garage with epoxy floor and direct access into the home. Community boasts year round heated pool and hot tub, fitness center furnished with commercial quality LifeFitness equipment. Healthy HOA professionally managed and well funded with low HOA fee ($350 monthly) includes high speed internet (fiber optic) and satellite TV as well as all equipment. Community is located in the heart of Fountain Hills, next to shopping, dining, events, activities, Dark Sky Discovery Center, library, community center.

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Assumption Snapshot

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Assumption Snapshot

Type of Loan
VA
Interest Rate
6.27
Remaining Loan Term
27 years, 11 months
Monthly PITI
$3,476.05/mo
Estimated Loan Balance
$503,878
Cash to close
$172,217
Interest Paid
$66,503

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric, Natural Gas
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Flooring:

Exterior

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

Construction

Type & Style
  • Stories: 2
  • Home type: Apartment
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2005
Details
  • Builder: Homes by Towne

Community & HOA

Community
  • Subdivision: VILLAGE AT TOWNE CENTER CONDOMINIUM
  • Features:
HOA
  • Has HOA: Yes
  • HOA Name: Village at Towne Cen
  • HOA Amenities: Unknown
  • HOA Fee: $325
  • HOA Frequency: $Monthly
Location
  • Region: Fountain Hills

Financial Details

  • Price per Sqft: $413.35
  • Tax Annual Amount: $1566
  • On Market Date: 2025-03-12T02:40:27.000Z
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Savings Calculator

Current cash to close is $172,217 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $172,217!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$502,783
Your Cash$172,217
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$3,179/mo
Traditional @ 7.15%
$3,609/mo
You save $431/month ($5,166/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6833857

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-16T19:46:41.000Z

© , 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

6.27%
7.15%

Principal & Interest

$3,179 /mo
$3,480 /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

Upgrade to gain access

Get Access

Savings Calculator

Current cash to close is $172,217 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $172,217!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$502,783
Your Cash$172,217
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$3,179/mo
Traditional @ 7.15%
$3,609/mo
You save $431/month ($5,166/year)

*Secondary financing rates are an estimated value based on input

equal-housing

UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.