Properties / 2869 N Coronado Drive
FHA ASSUMABLERate: 6.5%

2869 N Coronado Drive

$330,000
Florence, AZ 85132
3 beds2 baths1,756 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$26,948 interest already paid off
Estimated Loan Balance$329,778
Cash to close$222
Est. Monthly PITI$2,514
Initial Loan Amount$333,831
Time on site50 days
Remaining Term28 years, 10 months
Seller's equity (what you pay)
$222
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Located in the Parkside community of Anthem at Merrill Ranch. Built in 2024 by Pulte Homes, this single level Senita floor plan offers 3 bedrooms, 2 bathrooms, and 1,750+ square feet of thoughtfully designed living space. This home has been meticulously maintained and features professionally designed, low maintenance front and back yard landscaping. It is ideally positioned across the street from a common area, giving the home a more open feel and a desirable setting within the neighborhood. The current loan is assumable, creating a unique opportunity for qualified buyers. Inside, the home features an open great room layout with 9 foot flat ceilings, gorgeous trending tile in the main living areas, fresh, clean, cozy carpet in all bedrooms, window treatments, attractive ceiling fans, plenty of recessed can lighting, neutral custom interior paint, and a soft water loop. The spacious great room is filled with natural light and offers a comfortable, open layout for everyday living and entertaining. The kitchen is beautifully appointed with bright white cabinetry with crown molding, Dallas White granite countertops, a large kitchen island with sink and storage, breakfast bar, attractive over island lighting, deep walk-in pantry, built-in microwave, built-in oven, gas cooktop, gas stub for range, upgraded gourmet hood fan, dishwasher, disposal, reverse osmosis system, stainless appliances, and refrigerator with water dispenser and ice maker included. The primary suite is located at the back of the home, where it is most quiet, and includes a massive walk-in closet. The primary bathroom features a double sink vanity, oversized walk-in shower, and plenty of storage with a large linen closet. The guest bedrooms include double door closets, and the home also offers inside laundry with washer and dryer included. The exterior features a classic look with painted stucco, a tile roof, covered patio, block fencing, desert front landscaping, and a 2 car garage with direct access and garage door opener. The back yard is beautifully finished with a covered back patio, custom landscaping, artificial grass with decorative borders, a paver walkway, low maintenance desert plants, and gravel areas. Energy conscious details include central air, a programmable thermostat, ENERGY STAR qualified heating and cooling equipment, tankless gas hot water, a fresh air mechanical system, APS electric, and SW Gas. Residents of Anthem at Merrill Ranch enjoy access to an impressive collection of private community amenities, including a heated community pool, clubhouse and recreation room, workout facility, tennis courts, golf, children's playgrounds, biking and walking paths, and more. Anthem at Merrill Ranch is known for its resort style lifestyle amenities, including Big Splash Water Park and the 43,000 square foot Parkside Community Center. The water park features two water slides, a large dumping bucket, an interactive play structure, a beach entry family pool with toddler slides, a lap pool, and a diving well with low and high diving boards. The community also offers a 60 acre park, adventure playground, dog park, splash pad, lighted tennis courts, pickleball courts, basketball courts, softball stadium, three story rock climbing wall, indoor basketball courts, gymnasium, teen zone, miles of walking and biking trails, and a 4 acre catch and release fishing lake. These private amenities are intended for residents of Anthem at Merrill Ranch and their guests, with seasonal pool and water park hours, rules, and reservation requirements subject to community guidelines. A newer build home with a functional single level layout, stylish finishes, energy efficient features, professionally designed low maintenance landscaping, an assumable mortgage opportunity, and access to one of Florence's most amenity rich master planned communities. The location also offers everyday convenience with nearby shopping, dining, and essential services around Hunt Highway and Merrill Ranch Parkway. Residents can enjoy easy access to a Safeway and community dining options along with additional neighborhood conveniences that make daily errands, casual meals, and weekend plans simple without having to leave the area.

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 $222. 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 feet1,756
Property typeSingle Family
MLS #7023907
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$2,112/mo
Source est. payment (PITI)
$2,514/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$222

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

$0$222
Additional funds needed$0

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