Properties / 2421 S 221ST Avenue
FHA ASSUMABLERate: 3.76%

2421 S 221ST Avenue

$565,000
Buckeye, AZ 85326
5 beds2 baths1,869 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$71,540 interest already paid off
Estimated Loan Balance$412,822
Cash to close$152,968
Est. Monthly PITI$2,690
Initial Loan Amount$449,328
Time on site39 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$152,178
Cash or secondary financing
Monthly savings
$1,241
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Bring your horses and enjoy the freedom of country living on this exceptional 1-acre+ horse property with no HOA! Offering a dedicated space for riding, and room to customize your ideal equestrian setup, this 5-bedroom home is the perfect opportunity for horse enthusiasts seeking both functionality and a little space to breathe. The property features a large circular driveway, RV gates, 2-car attached garage, and plenty of space for trailers, corrals, arena, horse facilities, gardens, or even adding a pool. Inside, you'll find a bright, open floor plan with wood-look flooring, natural light, charming finishes, and new ceiling fans throughout. The darling cottage-style kitchen offers painted cabinetry, open shelving, brick backsplash, butcher block counters, built-in appliances, and a stainless steel range hood--perfect for gathering with friends. The spacious primary suite includes a private bathroom, closet, and french doors opening to your covered back yard patio. A recent custom/built addition to the home features two bedrooms with a separate exterior door and its own dedicated air conditioning system- perfect for your home office. The addition also brought the laundry from the garage into a dedicated indoor laundry room. Both bathrooms have been tastefully updated with tile, fresh paint, mirrors, hardware, and modern fixtures. Step outside to an expansive backyard with a paver patio area under old pine trees, offering the perfect place to relax while overlooking your animals and enjoying Arizona's beautiful sunsets. Less than 30 minutes to Buckeye equestrian center. With plenty of usable flat land, easy trailer access, and endless potential to create your dream property, this home delivers the rural lifestyle you've been looking for--all while remaining just minutes from shopping, dining, Costco, Target, gas stations, and I-10 freeway access. Owners made recent updates in July of 2026! Must see it now!

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 $152,178. 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

Bedrooms5
Bathrooms2
Square feet1,869
Property typeSingle Family
MLS #7061654
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)
$2,091/mo
Source est. payment (PITI)
$2,690/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$152,178

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

$0$152,178
Additional funds needed$0

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