7424 S 27TH Terrace, Phoenix, AZ 85042 (MLS# 7026831)

7424 S 27TH Terrace, Phoenix, AZ 85042

$426,900
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,958 Lot Size (sq. ft.): 3,930 Status: Active
Current Price: $426,900 List Date: 5/25/2026 Last Modified: 8/11/2026

Overview

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. 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!

Listing Details MLS# 7026831

Location, Tax & Legal

House Number
7424
Compass
S
Street Name
27TH
St Suffix
Terrace
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85042
Zip4
5958
Country
US
County Code
Maricopa
Assessor Number
122-95-073
Subdivision
MOUNTAIN GROVE COMMUNITY
Tax Year
2025

Contract Information

Type
Exclusive Agency
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
4
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
1958
Price/SqFt
218.03
Horses
N
Builder Name
WILSON PARKER HOMES
Year Built
2011
Approx Lot SqFt
3930
Approx Lot Acres
0.09
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Planned Comm Name
MOUNTAIN GROVE COMMUNITY
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Bernard Black Elementary School
Jr. High School
Valley View School
High School
Camelback High School

Legal Info

Township
1N
Range
3E
Section
35
Lot Number
58

Basement

Basement Y/N
N

More Information

Parking Spaces

Garage Spaces
2
Slab Parking Spaces
2
Total Covered Spaces
2

Showing Notification Methods

Showing Service
Aligned Showings

DPR Eligible

DPR Eligible
Yes

Property Features

Special Listing Cond: N/A Add'l Property Use: None Master Bathroom: Full Bth Master Bdrm Flooring: Carpet; Tile Spa: None Dining Area: Formal Kitchen Features: Built-In Electric Oven; Built-in Microwave Laundry: See Remarks Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Cooling: Central Air Heating: Forced Air Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Block Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: Common Area Maint Existing 1st Loan: VA Existing 1st Loan Terms: Assume - Qualify New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail
IDX
Listing Office: HomeSmart
Last Updated: August - 11 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Looking to Buy or Sell in the Phoenix Area

G-Y568ZD5VNW