7424 S 27TH Terrace, Phoenix, AZ 85042, Phoenix, 85042 - 4 bed, 3 bath
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Phoenix, AZ 85042
This 4-bedroom, 3-bathroom Single Family Residence is a Strong Value Opportunity, listed at $430,000—positioned well below the $455,250 Fair Market Value by 5%. This valuation gap offers $25,250 in Instant Equity. Featuring a Good Condition Rating and a rare 2.25% assumable VA loan, the property provides significant monthly savings. Its modern 2011 construction ensures a functional layout, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term financial stability in a convenient Phoenix location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7424 S 27TH Terrace Subject | $430,000* List Price | 4 | 3 | 1,958 | $233 | - |
A 7204 S GOLFSIDE Lane Sold | $485,000 | 4 | 3 | 1,841 | $263 | 0.4 mi |
B 7204 S GOLFSIDE Lane Sold | $485,000 | 4 | 3 | 1,841 | $263 | 0.4 mi |
C 7204 S GOLFSIDE Lane Sold | $485,000 | 4 | 3 | 1,841 | $263 | 0.4 mi |
D 3252 E MALDONADO Drive Sold | $420,000 | 3 | 2 | 1,839 | $228 | 0.8 mi |
E 3252 E MALDONADO Drive Sold | $420,000 | 3 | 2 | 1,839 | $228 | 0.8 mi |
F 7031 S 32ND Place Sold | $415,000 | 3 | 3 | 1,840 | $226 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2011 (15 years old), the property falls within the 10-20 year range for a Good rating. The home appears well-maintained and move-in ready with updated flooring in the living areas and functional systems consistent with its age.
The rare 2.25% assumable VA loan offers a significant competitive advantage, allowing qualified buyers to secure a monthly payment far below current market interest rates.
Built in 2011, this 1,958 sqft home features a desirable 4-bedroom, 3-bathroom configuration, providing ample space and modern construction standards for growing families.
The property is well-maintained with a functional floor plan and inviting living spaces, reducing the need for immediate post-closing renovations or repairs.
To utilize the assumable loan, buyers need approximately $241,000 in cash or secondary financing to cover the equity gap, which may limit the pool of eligible purchasers.
The 3,930 sqft lot is relatively small for a 4-bedroom home, offering minimal outdoor space for recreation or landscaping compared to older subdivisions in the area.
RARE 2.25% ASSUMABLE VA LOAN - A FINANCING OPPORTUNITY YOU DON'T SEE OFTEN! With interest rates significantly higher today, this home offers a unique chance for qualified buyers to potentially save hundreds per month by assuming the seller's existing 2.25% VA loan (subject to lender and VA approval). The current loan balance is approximately $189,000 with an estimated monthly payment of around $1,200. Buyers would need approximately $241,000 in cash, secondary financing, or a combination of both to cover the difference between the purchase price and the assumable loan balance. Beyond the financing advantage, this well-maintained home offers comfortable living in a convenient Phoenix location. Enjoy a functional floor plan with inviting living spaces!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,958 | 1,870 | 56% |
| Lot Size | 3,930 | 7,198 | 1% |
| Price | $430.0K | $399.0K | 58% |
| Price per sq ft | $220 | $228 | 44% |
| Built year | 2011 | 2001 | 79% |
| HOA | $327 | $96 | 99% |
| Days on market | 46 | 1444 | 1% |
May 1, 2026
$430,000
Initial Listing