7424 S 27TH Terrace, Phoenix, AZ 85042, Phoenix AZ 85042
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. 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!
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $218 per square foot, compared with a $263 median for active 4-bedroom homes in Phoenix. Its asking price falls near the 34th percentile of that active group. The comparison uses 1,631 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $350,000, and the median is $228 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 2868 E DUNBAR Drive, Phoenix, AZ 85042 | Apr 6, 2026 | 3 bd · 1,536 sqft | $345,000 | 0.2 mi |
| 7510 S 29TH Way, Phoenix, AZ 85042 | Apr 27, 2026 | 3 bd · 1,538 sqft | $350,000 | 0.2 mi |
| 2524 E FREMONT Road, Phoenix, AZ 85042 | Jul 28, 2026 | 5 bd · 3,097 sqft | $515,000 | 0.2 mi |
| 2954 E DONNER Drive, Phoenix, AZ 85042 | Jun 22, 2026 | 3 bd · 1,439 sqft | $315,000 | 0.3 mi |
| 2965 E Dunbar Drive, Phoenix, AZ 85042 | Jul 9, 2026 | 3 bd · 1,538 sqft | $350,000 | 0.3 mi |
| 3021 E DARROW Street, Phoenix, AZ 85042 | Apr 3, 2026 | 3 bd · 1,537 sqft | $350,000 | 0.3 mi |
| 2915 E CONSTANCE Way, Phoenix, AZ 85042 | Jun 2, 2026 | 5 bd · 3,404 sqft | $865,000 | 0.3 mi |
| 2628 E BEVERLY Road, Phoenix, AZ 85042 | Jul 13, 2026 | 3 bd · 1,502 sqft | $445,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $426,900 · Active
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