Gino Zabala

Gino Zabala

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$449,000

($248,786 down)
VA

1281 E FRANCES Lane, Gilbert, AZ 85295

2
3
1,615 sqft
PITI Monthly
$1,162.16 /mo

Listing courtesy of: Kara M Beecroft, Real Broker

Assumed Rate

2.84%
7.15%

Principal & Interest

$899 /mo
$1,469 /mo

What's Special

INVESTORS
LOCATION
SHOPPING
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
BALCONY
CHARMING
COZY

Location, Livability & Investment Potential! Nestled in the heart of Gilbert, this charming 2 bedroom, 2 bathroom home is an incredible opportunity for first-time buyers or savvy investors. With its prime location just minutes from SanTan Village, Loop 202, shopping, dining, and top-rated schools, this home offers unbeatable convenience and lifestyle perks. Step inside to find a bright, open layout with stylish wood floors, vaulted ceilings, and a cozy double-sided fireplace that warms both the living and dining spaces. The spacious kitchen is complete with stainless steel appliances, granite counters, and rich cabinetry—perfect for cooking or entertaining. Upstairs, enjoy an abundance of natural light and direct access to a private balcony ideal for morning coffee or evening relaxation. The generously sized backyard is a blank canvas with endless potentialplenty of space to build your dream outdoor retreat. Whether you're looking to settle into your first home or expand your rental portfolio, this home checks all the boxes: location, layout, and long-term value. Don't miss your chance to own in one of Gilbert's most desirable neighborhoods! This one won't last!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.84
Remaining Loan Term
26 years, 6 months
Monthly PITI
$1,162.16/mo
Estimated Loan Balance
$202,323
Cash to close
$248,786
Interest Paid
$20,818

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Stucco, Wood Frame, Painted, Block
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: 1 Fireplace
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted, Block
  • Roof: Tile
Condition
  • Year Built: 2004
Details
  • Builder: UNK

Community & HOA

Community
  • Subdivision: SPECTRUM AT VAL VISTA PARCEL 22
  • Features: Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Villa Lante
  • HOA Amenities: Unknown
  • HOA Fee: $286.5
  • HOA Frequency: $Quarterly
Location
  • Region: Gilbert

Financial Details

  • Price per Sqft: $278.02
  • Tax Annual Amount: $1363
  • On Market Date: 2025-04-29T18:50:09.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $248,786 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $248,786!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$200,214
Your Cash:$248,786
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$899/mo
Traditional @ 7.15%
$1,524/mo
You save $626/month ($7,507/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6858648

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-29T21:00:00.000Z

© , 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

2.84%
7.15%

Principal & Interest

$899 /mo
$1,469 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $248,786 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $248,786!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$200,214
Your Cash:$248,786
Total Purchase Price:$449,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$899/mo
Traditional @ 7.15%
$1,524/mo
You save $626/month ($7,507/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Real Brokerage
Agent/Broker
Gino ZabalaReal Brokerage(623) 552-1225ginozabalarealestate@gmail.comMLS SA712685000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Real Brokerage are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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