30949 W Mulberry Dr

Buckeye, AZ 85396 View Map $369,900 Ask a Question
Sq.Ft. Lot6,382
30949 W Mulberry Dr Buckeye, AZ 85396 | MLS 6555751 Photo 1
30949 W Mulberry Dr Buckeye, AZ 85396 | MLS 6555751 Map
N'Marie Crumbie

N'Marie Crumbie

(480) 719-0779

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Status: Sold
Property Type:Single Family - Detached
MLS #:6555751
Date Sold:10/19/2023
Lot Size:6,382 Sq. Ft.
Monthly HOA:$85
In the world of real estate, finding favorable-term mortgages can make a significant difference in your financial well-being. One option that has garnered attention is a low assumable rate mortgage. The unique offering for this property presents several advantages for both buyers and sellers and the benefits of this low 2.75% assumable rate mortgage is a game-changer in today's real estate landscape.

Securing a mortgage with such a low-interest rate is a goal for many homebuyers. This 2.75% assumable rate mortgage provides a remarkable advantage, especially in times of rising interest rates. Buyers assuming the loan can benefit from an interest rate lower than what they might find in the current market, saving them thousands of dollars over the life of the loan. To determine the benefits of this assumable rate mortgage, we can compare the total cost of two hypothetical loan scenarios over a 30-year period. Let's calculate the approximate monthly payments and total payments for each mortgage.

For a $400k mortgage at 2.75%: The monthly payment can be calculated using a loan amortization formula, which comes to approximately $1,632.96. The total interest payments over 30 years would amount to around $187,867.30.

For a $350k mortgage at 6.75%: The monthly payment, calculated similarly, is approximately $2,270.09. The total interest payments over 30 years would amount to around $467,233.60.

Comparing the two options, the lower interest rate of 2.75% for the $400k mortgage results in significantly lower monthly payments and a total interest cost of $187,867.30.

On the other hand, the higher interest rate of 6.75% for the $350k mortgage leads to higher monthly payments and a total interest cost of $467,233.60.

Thus, opting for the $400k mortgage at 2.75% would provide the benefit of lower monthly payments and save you approximately $280k over the 30-year term compared to the $350k mortgage at 6.75%.

This low 2.75% assumable rate mortgage brings a host of benefits to both buyers and sellers. With its advantageous interest rate, simplified financing process, potential cost savings, and flexibility, this type of mortgage offers an attractive proposition in today's real estate market.

By understanding and harnessing the benefits of this property's low 2.75% assumable rate mortgage, homebuyers can make informed decisions that align with their financial goals.

Detailed Maps

Community Information

Address:30949 W Mulberry Dr, Buckeye, AZ 85396
Subdivision:Tartesso Unit 2b
Zip Code:85396
Builder:DR Horton

School Information

School District:Saddle Mountain Unified School District
High School:Tonopah Valley High School
Middle School:Tartesso Elementary School
Elementary School:Tartesso Elementary School


Bedrooms: 3
Bathrooms: 2
Year Built:2020
Style:Santa Barbara/Tuscan
Construction Materials: Painted, Stucco, Frame - Wood
Stories: 1
Unit Style: All on One Level
Roof: Tile
Builder Name: DR Horton
Garage Spaces: 2
Covered Spaces: 2.0
Open Parking Spaces: 2.0
Parking Features: Dir Entry frm Garage, Electric Door Opener

Features / Amenities

Interior Features: Eat-in Kitchen, Breakfast Bar, No Interior Steps, Pantry, Double Vanity, High Speed Internet, Granite Counters
Flooring: Carpet, Tile
Laundry: Inside, Wshr/Dry HookUp Only
Master Bedroom: Split
Kitchen Features: 220 Volts in Kitchen, Range/Oven Gas, Disposal, Dishwasher, Built-in Microwave, Refrigerator, Engy Star (See Rmks), Pantry, Granite Countertops
Master Bathroom: Double Sinks, Private Toilet Room
Other Rooms: Family Room, Great Room
Additional Bedroom: Other Bedroom Split, Master Bedroom Walk-in Closet
Dining Area: Eat-in Kitchen, Breakfast Bar, Dining in LRGR
Technology: Cable TV Avail, High Speed Internet Available
Exterior Features: Covered Patio(s), Playground, Patio
Pool: No Pool
Green Energy Efficient: Sunscreen(s)
Window: ENERGY STAR Qualified Windows, Double Pane Windows, Low Emissivity Windows
Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Heating: Natural Gas, ENERGY STAR Qualified Equipment

Property Features

Lot Size: 0.15 Acres / 6,382 Sq. Ft.
Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Gravel/Stone Back, Synthetic Grass Back, Auto Timer H2O Back
View: Mountain(s)
Community Features: Biking/Walking Path, Children's Playgrnd, Comm Tennis Court(s)
Property Description: Mountain View(s), NorthSouth Exposure
Landscaping: Gravel/Stone Back, Desert Front, Synthetic Grass Back, Yrd Wtring Sys Front, Yrd Wtring Sys Back, Auto Timer H2O Back
Electric: 220 Volts in Kitchen
Sewer: Public Sewer
Water: City Water
Plumbing: Engy Star Ht Wtr Htr, Gas Hot Water Heater
Fencing: Block
Directions:Sun Valley Pkwy to west on W Thomas. Right on N 303rd Ave to roundabout. West on N Tartesso Pkwy to left on W Mitchel to left on N309th Dr to right on W Mulberry Dr. Home on left.

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Year: 2022
Tax Annual Amount: $1,329
Ownership: Fee Simple
Listing Terms: Cash, Conventional, FHA, Lease Purchase, VA Loan, VA
Buyer Agency Compensation: 2.50
Possession: Close Of Escrow
Disclosures: Agency Discl Req, Seller Discl Avail
Legal Description: LOT 1184 TARTESSO UNIT 2B MCR 077610
Association Fee: $84.70 (paid Monthly)
Association Fee Includes: Maintenance Grounds
Association Amenities: Management, Rental OK (See Rmks)



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Listing Information Last Updated 12/6/2023
Listing provided courtesy of Homesmart.
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