$739,000
($419,793 down)6971 W EL CORTEZ Place, Peoria, AZ 85383
PITI Monthly
Listing courtesy of: Bethanie Madewell, Keller Williams Arizona Realty
Assumed Rate
2.83%
7.15%Principal & Interest
$1,456 /mo
$2,384 /moWhat's Special
ASSUMABLE LOAN FOR QUALIFIED BUYERS AT AN UNHEARD-OF RATE 2.175% APR - Located in Peoria's highly desirable Terramar community, this gorgeous 2-story home checks it all. Enjoy 4 bedrooms + a versatile 5th bedroom/loft, 2.5 baths, & a spacious 3-car garage. Primary suite is downstairs and offers a spa-like bath with dual sinks, separate tub & shower, w/a MASSIVE walk-in closet. You'll love the vaulted ceilings, tile & wood flooring, granite counters, stainless steel appliances, center island with breakfast bar, and a walk-in pantry. The upstairs loft can easily be converted back or used as a theater, office, or creative space. Step outside to a backyard built for entertaining—featuring a private pool, no rear neighbors, a cozy pergola, string lights, and is a perfect place to entertain! Oasis-style backyard has a covered patio w/misting system, blue pool w/water feature, grassy area, gazebo, & view fence. Spend relaxing weekends in this backyard! Save monthly money with the solar panels installed! This value is sure to sell fast!
Assumption Snapshot
Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 8 months
Monthly PITI
$1,934.16/mo
Estimated Loan Balance
$321,307
Cash to close
$419,793
Interest Paid
$41,255
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
Cooling & Heating
- Cooling: Central Air, Ceiling Fan(s)
- Heating: Electric
Features
- Materials: Synthetic Stucco, Wood Frame, Painted, Stucco
- Community: Unknown
- Has Fireplace: Yes
- Fireplace Features: 1 Fireplace, Family Room
- Flooring: Carpet, Tile, Wood
Exterior
Fencing
- Fencing: Block, Wrought Iron
Roof
- Roof: Tile
Parking
- Garage: Yes
- Garage Spaces: 3
- Carport: Yes
- Carport Spaces: 3
Water
- Sewer: Public Sewer
- Water Source: City Water
Pool
- Has Pool: Yes
- Pool Features: Play Pool, Variable Speed Pump, Private
Construction
Type & Style
- Stories: 2
- Home type: Single Family Residence
- Architectural Style: Contemporary
Materials
- Synthetic Stucco, Wood Frame, Painted, Stucco
- Roof: Tile
Condition
- Year Built: 1999
Details
- Builder: RYLAND HOMES
Community & HOA
Community
- Subdivision: Terramar
- Features: Playground, Biking/Walking Path
HOA
- Has HOA: Yes
- HOA Name: Terramar
- HOA Amenities: Unknown
- HOA Fee: $100
- HOA Frequency: $Quarterly
Location
- Region: Peoria
Financial Details
- Price per Sqft: $212.36
- Tax Annual Amount: $3139
- On Market Date: 2025-03-28T21:10:09.000Z
Inquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $419,793!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: 6842706
Listing From: Arizona Regional Multiple Listing Service (ARMLS)
Last updated: 2025-04-01T19:47:39.000Z
© , Arizona Regional Multiple Listing Service (ARMLS). All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
Assumed Rate
2.83%
7.15%Principal & Interest
$1,456 /mo
$2,384 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $419,793!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Joanie DiMatteo-GodseyCompass(480) 457-0340joanie@azhomesbyjoanie.comMLSResources
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