Properties / 29353 N 135TH Drive
FHA ASSUMABLERate: 6.63%

29353 N 135TH Drive

$665,000
Peoria, AZ 85383
3 beds3 baths2,645 sqftSingle Family
The assumable advantage
6.63%
FHA assumed rate
$85,308 interest already paid off
Estimated Loan Balance$525,072
Cash to close$139,376
Est. Monthly PITI$4,060
Initial Loan Amount$539,427
Time on site1 day
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$139,928
Cash or secondary financing
Monthly savings
$466
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Model-home style without the builder wait! Built in 2023 and ideally positioned on a quiet street in Sereno near Vistancia, this highly upgraded home offers 2,645 square feet of thoughtfully designed, single-level living. With 3 bedrooms, 2.5 bathrooms, two versatile flex spaces, a split-bedroom floorplan, and a 3-car tandem garage, the home delivers the flexibility, privacy, and storage today's buyers are searching for. A paver-covered front porch creates an inviting arrival and provides a comfortable place to enjoy Arizona sunsets. Inside, 8-foot interior and exterior doors, a neutral color palette, and wood-look plank tile extending throughout the main living areas give the home a clean, cohesive, and elevated feel. The expansive great room provides an open setting for everyday living and entertaining, while abundant natural light and seamless indoor-outdoor flow make the space feel bright and welcoming. At the center of the home is a beautifully appointed gourmet kitchen designed to be both functional and impressive. Bright white cabinetry, crisp quartz countertops, pendant lighting, a gas cooktop, wall oven, built-in microwave, and stainless steel appliances complement the spacious center island. The large walk-in pantry and generous cabinet storage help keep the kitchen organized, while the open layout makes it easy to remain connected with guests in the great room and outdoor living areas. Two flex spaces add exceptional versatility and can be adapted to suit changing needs. Create a home office, fitness room, media lounge, playroom, hobby studio, formal dining space, or additional private retreat. Both areas offer the potential to be enclosed, allowing a future owner to customize the floorplan rather than paying for modifications through a builder. The split-bedroom design provides separation between the primary suite and secondary bedrooms. The spacious primary suite feels like a private retreat and features an oversized walk-in closet with abundant storage. Its spa-inspired bathroom is finished with dual sinks, crisp white cabinetry, and a large tiled walk-in shower. The secondary bedrooms provide comfortable accommodations for residents or guests, while the additional bathrooms support both everyday convenience and entertaining. Practical features continue with a generously sized laundry room offering extensive space for storage and organization, multiple interior storage closets, and a 3-car tandem garage with room for vehicles, outdoor equipment, recreational gear, a workshop, or additional household storage. The east-facing backyard was thoughtfully designed as a peaceful, low-maintenance outdoor retreat. Artificial turf, desert plants, half-inch gravel, and quarter-minus pathways create an attractive mix of color and texture without demanding extensive upkeep. With no direct afternoon sun in the backyard and no neighbors directly behind the property, the setting offers additional comfort and privacy for morning coffee, outdoor dining, quiet evenings, or entertaining beneath the Arizona sky. Sereno is a scenic North Peoria community located near Vistancia and framed by the surrounding desert and mountain landscape. Neighborhood amenities include a community park, picnic areas, and walking paths with mountain views. Beyond the neighborhood, residents can enjoy nearby hiking and recreation, city parks, trails, dog parks, splash pads, golf, shopping, dining, libraries, spring training, and performances at the Peoria Center for the Performing Arts. Outdoor enthusiasts will appreciate convenient access to Lake Pleasant Regional Park and its marinas, boating, fishing, hiking, waterfront dining, and live entertainment. Golf options throughout the surrounding area include Trilogy Golf Club at Vistancia, Blackstone Country Club, Corte Bella Golf Club, Westbrook Village Golf Club, and Quintero Golf Club. Approximately two miles west of Loop 303, Sereno offers convenient freeway access and connections to I-17 and I-10. The location is also well positioned for access to established and emerging North Valley employment centers, including TSMC and the Peoria Innovation Core, a planned technology and advanced-manufacturing employment hub along the Loop 303 corridor. The property is located within the Peoria Unified School District; buyers should independently verify current school boundaries and enrollment availability. Nearly new, beautifully finished, and available without waiting for new construction, this Sereno home combines refined interiors, flexible living spaces, an oversized garage, a low-maintenance backyard, and access to some of North Peoria's most desirable recreation and economic-growth corridors. It is a polished, move-in-ready alternative for buyers who want modern desert living with space to work, relax, entertain, and grow.

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 $139,928. 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
Bathrooms3
Square feet2,645
Property typeSingle Family
MLS #7073651
CountyMaricopa County
Assumable loanFHA
Tour this home
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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
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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)
$3,456/mo
Source est. payment (PITI)
$4,060/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$139,928

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

$0$139,928
Additional funds needed$0

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