Properties / 3775 E Terrel Street
FHA ASSUMABLERate: 6.84%

3775 E Terrel Street

$615,000
San Tan Valley, AZ 85143
4 beds3 baths2,164 sqftSingle Family
The assumable advantage
6.84%
FHA assumed rate
$67,020 interest already paid off
Estimated Loan Balance$531,306
Cash to close$85,211
Est. Monthly PITI$4,016
Initial Loan Amount$539,427
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$83,694
Cash or secondary financing
Monthly savings
$82
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

LIKE-NEW 2024 HOME WITH AN IMPRESSIVE 50-FT PASS-THROUGH RV GARAGE! A garage configuration like this is an exceptional find in this price range. The 50-foot RV garage features front and rear pass-through doors and connects seamlessly to a tandem 3-car garage, providing incredible flexibility for RVs, cars, boats, off-road toys, workshop space, and additional storage. Inside, the thoughtfully designed split floor plan features TWO PRIMARY SUITES, offering excellent flexibility for multi-generational living, extended-stay guests, or added privacy. The home also features 10-foot ceilings and 8-foot doors, creating an open and elevated feel throughout the main living areas. At the heart of the home is a true chef's kitchen with more than $42,000 in builder upgrades, including premium Jenn Air appliances, upgraded 42-inch upper cabinetry, an oversized center island, abundant storage, and designer finishes. Beautiful and highly functional, this kitchen was designed for everything from everyday meals to entertaining. Situated on a nearly quarter-acre homesite, the backyard is a blank canvas with plenty of room to create the outdoor space you've been envisioning. Add a resort-style pool, ramada, outdoor kitchen, putting green, or design a combination that fits your lifestyle. The property backs to a greenbelt with no rear neighbors, providing additional privacy and a more open setting. Located in Bella Vista Farms and just a short walk from the community pool, park, and recreation amenities, this home offers an outstanding combination of garage space, premium interior upgrades, flexible living, and room to make the backyard your own. If a substantial RV garage is on your must-have list, this home deserves a closer look. Finding a 50-foot pass-through RV garage connected to a tandem 3-car garage at this price point is what truly sets this property apart.

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $83,694. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms4
Bathrooms3
Square feet2,164
Property typeSingle Family
MLS #7041471
CountyMaricopa County
Assumable loanFHA
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Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$3,545/mo
Source est. payment (PITI)
$4,016/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$83,694

Asking price minus remaining loan balance. Closing costs are additional.

$0$83,694
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.