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● For sale

$430,000

7424 S 27TH Terrace, Phoenix, AZ 85042

MOUNTAIN GROVE COMMUNITY · Maricopa County

4 beds 3 baths 1,958 sqft 0.09 acres Built 2011 $220 /sqft HOA $327/qtr

29 days on market

What's special

2-car garage

Description

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!

Property details

Interior

Bedrooms

Bedrooms: 4

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1

Interior Features

Full Bth Master Bdrm
Flooring: Carpet, Tile

Appliances

Microwave
Built-In Electric Oven
Laundry Features: See Remarks

Heating and Cooling

Cooling Features: Central Air
Heating Features: Forced Air

Other Interior

Stories: 2

Exterior

Exterior and Lot Features

Fencing: Block

Land Info

Gravel/Stone Front
Gravel/Stone Back
Synthetic Grass Back
Lot Size Acres: 0.09
Lot Size Square Feet: 3,930

Garage and Parking

Garage Spaces: 2

Community

Homeowners Association

Association: Yes
Association Fee: $327
Association Fee Frequency: Quarterly
Calculated Total Monthly Association Fees: $109
Association Fee Includes: Maintenance Grounds

Neighborhood

Subdivision: MOUNTAIN GROVE COMMUNITY

Listing

Other Property Info

Annual Tax Amount: $2,851
Source Listing Status: Active
County: Maricopa
Property Subtype: Single Family Residence
Parcel Number: 122-95-073
Postal City: Phoenix
Listing Date: 5/1/2026
On Market Date: 5/25/2026
MLS#: 7026831

Features

Building and Construction

Total Square Feet Living: 1,958
Year Built: 2011
Property Age: 15
Construction Materials: Wood Frame, Stucco
Roof: Tile
Stories: 2
Living Area Source: Assessor

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Kaden Kent HomeSmart

Listing updated: May 29, 2026

MLS#: 7026831

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.