Properties / 3803 E Sheldon Road
FHA ASSUMABLERate: 3.88%

3803 E Sheldon Road

$575,000
Prescott, AZ 86303
4 beds3 baths2,360 sqftSingle Family
The assumable advantage
3.88%
FHA assumed rate
$87,359 interest already paid off
Estimated Loan Balance$226,497
Cash to close$349,645
Est. Monthly PITI$1,779
Initial Loan Amount$276,760
Time on site46 days
Remaining Term21 years, 1 month
Seller's equity (what you pay)
$348,503
Cash or secondary financing
Monthly savings
$2,079
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Nestled among the towering pines, this exceptional mountain retreat offers the perfect blend of privacy, comfort, and income potential. The property features a spacious 4-bedroom, 3 bath main home plus a charming detached 1-bedroom, 1-bath guest cabin, creating endless possibilities for multi-generational living, hosting guests, or generating rental income. Relax and entertain in the abundance of outdoor living spaces, including covered patios and expansive decks that invite you to enjoy the peaceful forest setting and mountain air. Inside the main home, you're welcomed by a bright flex space currently used as an office, filled with natural light and surrounded by picturesque views. The impressive great room showcases stunning wood ceilings and flows seamlessly into the spacious kitchen featuring two sinks, an oversized prep area, ample cabinetry, and windows that frame breathtaking views in every direction. The private primary suite is a true retreat, complete with direct access to the deck, beautiful forest views, a luxurious bathroom with custom tile work, and a generous walk-in closet. Upstairs also offers an additional bedroom with its own private ensuite bath. Downstairs you'll find two more bedrooms, an additional full bathroom, and a separate entrance, making it ideal for guests, extended family, or a private rental opportunity. Just steps away, the detached guest cabin offers its own cozy mountain charm with a full kitchen, spacious living room, bedroom, bathroom, and laundry area. Currently operating as a successful short-term rental, it generates an average of $1,900 per month, providing an excellent opportunity for supplemental income. Conveniently located less than 10 minutes from Costco and everyday amenities, the property is accessed by mostly paved roads with only approximately the last mile being an easily traveled dirt/gravel road. Rarely does a property combine the tranquility of mountain living with the convenience of town, flexible living spaces, and proven income potential. Whether you're searching for a full-time residence, a family retreat, or an investment opportunity, this one-of-a-kind mountain property truly has it all. Main house=1848sf; 3 bd/3 baths in main; Guest House=512sf 1 Bd -1 bath. Guest house refrigerator does not convey but will be replaced with a like kind

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 $348,503. 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

Bedrooms4
Bathrooms3
Square feet2,360
Property typeSingle Family
MLS #7059048
CountyMaricopa County
Assumable loanFHA
Tour this home
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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)
$1,312/mo
Source est. payment (PITI)
$1,779/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$348,503

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

$0$348,503
Additional funds needed$0

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