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30949 W Mulberry Drive, Buckeye, AZ 85396
$369,900
30949 W Mulberry Drive, Buckeye, AZ 85396View this property at 30949 W Mulberry Drive, Buckeye, AZ 85396
30949 W Mulberry DriveBuckeyeAZ85396
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Property Description
In the world of real estate, finding favorable-term mortgages can make a significant difference in your financial well-being. One option that has garnered attention is a low assumable rate mortgage. The unique offering for this property presents several advantages for both buyers and sellers and the benefits of this low 2.75% assumable rate mortgage is a game-changer in today's real estate landscape. Securing a mortgage with such a low-interest rate is a goal for many homebuyers. This 2.75% assumable rate mortgage provides a remarkable advantage, especially in times of rising interest rates. Buyers assuming the loan can benefit from an interest rate lower than what they might find in the current market, saving them thousands of dollars over the life of the loan. To determine the benefits of this assumable rate mortgage, we can compare the total cost of two hypothetical loan scenarios over a 30-year period. Let's calculate the approximate monthly payments and total payments for each mortgage. For a $400k mortgage at 2.75%: The monthly payment can be calculated using a loan amortization formula, which comes to approximately $1,632.96. The total interest payments over 30 years would amount to around $187,867.30. For a $350k mortgage at 6.75%: The monthly payment, calculated similarly, is approximately $2,270.09. The total interest payments over 30 years would amount to around $467,233.60. Comparing the two options, the lower interest rate of 2.75% for the $400k mortgage results in significantly lower monthly payments and a total interest cost of $187,867.30. On the other hand, the higher interest rate of 6.75% for the $350k mortgage leads to higher monthly payments and a total interest cost of $467,233.60. Thus, opting for the $400k mortgage at 2.75% would provide the benefit of lower monthly payments and save you approximately $280k over the 30-year term compared to the $350k mortgage at 6.75%. This low 2.75% assumable rate mortgage brings a host of benefits to both buyers and sellers. With its advantageous interest rate, simplified financing process, potential cost savings, and flexibility, this type of mortgage offers an attractive proposition in today's real estate market. By understanding and harnessing the benefits of this property's low 2.75% assumable rate mortgage, homebuyers can make informed decisions that align with their financial goals.
Full Property Details
Full Property Details for 30949 W Mulberry Dr
General
- Sold For: $369,900
- HOA FEE: $85/month
- Taxes: $1,329 (2022)
- Status: Closed
- Type: Single Family
- MLS ID: 6555751
- Added to Site: 346 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Breakfast Bar, No Interior Steps, Pantry, Double Vanity, High Speed Internet, Granite Counters
- Fireplace(s): None
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Management, Rental OK (See Rmks)
Exterior
- Exterior Features: Other, Covered Patio(s), Playground, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Dir Entry frm Garage, Electric Door Opener
Location
- County: Maricopa
- Township: 2N
- Subdivision: TARTESSO UNIT 2B
- Cross Streets: Sun Valley Pkwy & W Thomas Rd
Community
- Association: Yes
- Assoc. Name: Tartesso
- Assoc. Fees Include: Maintenance Grounds
Heating & Cooling
- Cooling Type: Refrigeration, Programmable Thermostat, Ceiling Fan(s), ENERGY STAR Qualified Equipment
- Heating Type: Natural Gas, ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Water: City Water
- Utility Description: SW Gas
Structural Information
- Architectural Style: Santa Barbara/Tuscan,
- Builder: DR Horton
- Exterior Const.: Painted, Stucco, Frame - Wood
- Roof: Tile
- Windows: ENERGY STAR Qualified Windows, Double Pane Windows, Low Emissivity Windows
- Square Feet: 1,556
- Sq. Ft. Source: Assessor
- Living Area: 1,556 Sq. Ft.
- Year Built: 2020
Lot Features
- Property View: Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,382
- Lot Size Source: Assessor
- Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Gravel/Stone Back, Synthetic Grass Back, Auto Timer H2O Back
- Fencing (Description): Block
Green Features
- Energy Efficient: Sunscreen(s)
Financial Considerations
- Association Fee: $85
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,329
- Tax Year: 2022
- Terms: Conventional, FHA, Lease Purchase, VA Loan
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Buyer/Broker Compensation Available: Yes
- Ownership: Fee Simple
- Legal Description: LOT 1184 TARTESSO UNIT 2B MCR 077610
- Property ID: 504-77-284
- Range: 5W
- Section: 25
- Lot Number: 1184
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Schools
Schools serving 30949 W Mulberry Dr
School District:Saddle Mountain Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
29677 W Indianola Ave, Buckeye, AZ 85396 | K-8 | 1.7 mi | |
38201 W Indian School Rd, Tonopah, AZ 85354 | PK-8 | 9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 30949 W Mulberry Dr
Date
Details
Price
Change
Source
10/19/2023
Sold
$369,900
—
MLS
8/02/2023
Price Reduced
$369,900
-2.63%
MLS
6/19/2023
Price Reduced
$379,900
-3.82%
MLS
5/18/2023
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
30949 W Mulberry Drive, Buckeye, AZ 85396 (MLS# 6555751) is a Single Family property that was sold at $369,900 on October 19, 2023. Want to learn more about 30949 W Mulberry Drive? Do you have questions about finding other Single Family real estate for sale in Buckeye? You can browse all Buckeye real estate or contact a Coldwell Banker agent to request more information.