Properties / 0 S 351st Avenue
FHA ASSUMABLERate: 6.94%

0 S 351st Avenue

$399,000
Tonopah, AZ 85354
beds baths sqftSingle Family
The assumable advantage
6.94%
FHA assumed rate
$35,354 interest already paid off
Estimated Loan Balance$217,255
Cash to close$183,201
Est. Monthly PITI$1,743
Initial Loan Amount$220,924
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$181,745
Cash or secondary financing
Monthly savings
$881
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Rare chance to own a spacious vacant residential/rural parcel with no HOA and flexible land use in unincorporated Maricopa County. This vacant residential rural (non-subdivided) site offers wide open desert views and quiet privacy, perfect for your custom rural lifestyle. Zoned for agricultural/vacant use, this property is suitable for a manufactured or mobile home (buyer to verify placement requirements and permitting with Maricopa County Planning & Zoning). Bring your plans for utilities, site improvements, and living space. Perfect for those seeking land to build, place a mobile or manufactured home, create a weekend retreat, or hold as an investment. Easy access to regional roadways and nearby towns while still enjoying rural Arizona

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 $181,745. 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

Property typeSingle Family
MLS #6978983
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)
$1,472/mo
Source est. payment (PITI)
$1,743/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$181,745

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

$0$181,745
Additional funds needed$0

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