Properties / 13625 N 111TH Avenue
FHA ASSUMABLERate: 3.62%

13625 N 111TH Avenue

$225,000
Sun City, AZ 85351
2 beds2 baths1,097 sqftSingle Family
The assumable advantage
3.62%
FHA assumed rate
$31,369 interest already paid off
Estimated Loan Balance$117,101
Cash to close$109,470
Est. Monthly PITI$891
Initial Loan Amount$134,518
Time on site50 days
Remaining Term23 years, 2 months
Seller's equity (what you pay)
$107,899
Cash or secondary financing
Monthly savings
$704
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

This beautifully REMODELED, single-level end unit overlooking the greenbelt is a steal- includes $84K in new upgrades! Brand new wood floors create a warm and elegant ambiance, while the gourmet kitchen shines with brand-new cabinetry, sleek quartz countertops, tile backsplash, induction range, and stainless steel appliances. A charming butler's pantry and bar area with a second sink make entertaining effortless. Both bathrooms have been updated with walk-in showers. BRAND NEW energy efficient Andersen windows and doors ($20K) with a lifetime warranty provide added peace of mind. A bright and inviting sunroom overlooks the private courtyard and features a new split unit and epoxy flooring-perfect for relaxing, working, or soaking up the Arizona sunshine year-round. Upgrades include.. recessed lighting, fresh interior paint, a new electrical panel, and motion-sensor closet lighting. Truly move-in ready--this exceptional home is a must-see! Conveniently located near the Lakes Recreation Center, Park & Lake & the Bowling Alley. Close to the Hospital & Medical Centers! Welcome to the Active 55+ Adult Golf Community of Sun City...the original fun city! Sun City offers many amenities & low taxes! 7 Rec Centers with swimming pools, lap pools, walking pools, hot tubs and every activity, work shop, & craft you can think of! Bowling! Pickleball! Shuffle Board! Pool Tables! Darts! Tennis! Mini Golf! Lake Activities! Nine public golf courses and reduced prices with rec card. Close to shopping, restaurants & entertainment! Close to Spring Training baseball fields. Close to Arrowhead Mall, Lake Pleasant and all of it's growing amenities & restaurants nearby! Close to Grand Ave access & 101 access! The list goes on & on! This one has THE WOW FACTOR and feels like a brand new model home!

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 $107,899. 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

Bedrooms2
Bathrooms2
Square feet1,097
Property typeSingle Family
MLS #6984489
CountyMaricopa County
Assumable loanFHA
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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
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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)
$623/mo
Source est. payment (PITI)
$891/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$107,899

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

$0$107,899
Additional funds needed$0

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