Properties / 4146 N 56th Drive
FHA ASSUMABLERate: 4.36%

4146 N 56th Drive

$310,000
Phoenix, AZ 85031
3 beds2 baths1,345 sqftSingle Family
The assumable advantage
4.36%
FHA assumed rate
$37,233 interest already paid off
Estimated Loan Balance$40,659
Cash to close$269,341
Est. Monthly PITI$673
Initial Loan Amount$64,136
Time on site13 days
Remaining Term14 years, 2 months
Seller's equity (what you pay)
$269,341
Cash or secondary financing
Monthly savings
$1,507
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Opportunity awaits in the heart of Maryvale! This original John F. Long home offers 3 bedrooms, 2 bathrooms and 1,345 square feet of living space on an impressive 9,466-square-foot lot--giving you the space and flexibility that can be hard to find in newer communities. Built during the era that helped shape Maryvale into one of Phoenix's most recognizable communities, this home is ready for its next chapter. Bring your ideas and make it your own! Whether you're looking for a home you can update over time or a property with potential to add value through improvements, this is a great opportunity to create a space that fits your vision. The oversized lot is a standout feature, with plenty of room to enjoy Arizona outdoor living, create an entertaining space, garden, add storage, or simply take advantage of the extra elbow room. Conveniently located near shopping, dining, schools, parks and everyday necessities, with easy access to major Valley roadways. Baseball fans will appreciate being just minutes from American Family Fields of Phoenix, Spring Training home of the Milwaukee Brewers, while Downtown Phoenix, Grand Canyon University and Westgate Entertainment District are all within convenient reach. This home does need updating and is priced with its current condition in mind, offering the next owner the opportunity to improve and personalize it rather than paying for someone else's renovation. No appliances convey with the sale. Come see the possibilities this classic John F. Long home and oversized Maryvale lot have to offer!

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 $269,341. 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

Bedrooms3
Bathrooms2
Square feet1,345
Property typeSingle Family
MLS #7070069
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)
$321/mo
Source est. payment (PITI)
$673/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$269,341

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

$0$269,341
Additional funds needed$0

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