Properties / 49 N Spanish Bay Drive
FHA ASSUMABLERate: 6.72%

49 N Spanish Bay Drive

$339,000
Mohave Valley, AZ 86440
3 beds2 baths1,640 sqftSingle Family
The assumable advantage
6.72%
FHA assumed rate
$30,979 interest already paid off
Estimated Loan Balance$261,465
Cash to close$77,790
Est. Monthly PITI$2,005
Initial Loan Amount$265,812
Time on site35 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$77,535
Cash or secondary financing
Monthly savings
$277
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to El Rio Country Club Living in Mohave Valley, Arizona! Experience the perfect blend of modern comfort, golf course living, and the Colorado River lifestyle in this beautifully built 2024 home located in the highly desirable El Rio Country Club community. Offering 3 bedrooms, 2 bathrooms, 1,640 sq. ft. of living space, a 2-car garage, and a 6,082 sq. ft. lot, this move-in-ready home features contemporary finishes, energy-efficient construction, and easy-care living. The bright, open-concept floor plan is ideal for everyday living and entertaining. The spacious kitchen features granite countertops, white shaker cabinetry, stainless steel appliances, a large center island with breakfast bar, abundant storage, and luxury vinyl plank flooring throughout the main living areas. The split-bedroom design provides added privacy for the primary suite, complete with a walk-in closet, dual-sink vanity, and modern walk-in shower. Two additional bedrooms offer plenty of space for family, guests, or a home office. Step outside to a covered patio and backyard ready for you to create your own outdoor oasis. El Rio Country Club offers more than just a home it's a lifestyle! Enjoy an 18-hole championship golf course, clubhouse, full-service restaurant and bar, golf tournaments, live entertainment, themed events, and year-round social activities. Located just minutes from some of the area's best recreation and entertainment! The Colorado River is approximately 5 minutes away, offering boating, fishing, jet skiing, kayaking, swimming, and more. Avi Resort & Casino is approximately 6 miles away, while the Laughlin casino district is just 17 miles away. Lake Havasu City and the world-famous London Bridge are approximately one hour away. Whether you're looking for a primary residence, retirement home, vacation getaway, winter retreat, or investment property, this exceptional home offers modern living, golf, river recreation, and easy access to dining, entertainment, casinos, and endless outdoor adventure. Come experience the El Rio Country Club and Mohave Valley lifestyle!

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 $77,535. 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 feet1,640
Property typeSingle Family
MLS #041246
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
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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)
$1,722/mo
Source est. payment (PITI)
$2,005/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$77,535

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

$0$77,535
Additional funds needed$0

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