How Do Reverse Mortgages Work? | RISMedia’s Housecall

Most homeowners have heard of reverse mortgages, but there is still a lot of confusion surrounding this type of loan. Let’s clear it up.

Source: How Do Reverse Mortgages Work? | RISMedia’s Housecall

Most homeowners have heard of reverse mortgages, but there is still a lot of confusion surrounding this type of loan. They allow a homeowner to borrow based on his or her age and the amount of equity that has been built in his or her primary residence. Reverse mortgages are a financial tool appropriate for specific situations. They are not inherently bad, but they are best used when the homeowner does not have other ways to generate income. Reverse mortgages have advantages and disadvantages. Before jumping in head first with this type of loan product you should have an understanding of how they work.

What is a Reverse Mortgage?

In 1989 the FHA-insured reverse mortgage was first introduced. The loan was designed for older homeowners – those 62 or older – to access some of the equity they had built up in their primary residences. After paying off a mortgage, or paying down most of a mortgage, the homeowner could take out a loan that they would not have to pay back until they passed away, or until they sold the home. There are some qualifications for getting a reverse mortgage that are important to understand.

There are no monthly payments with a reverse mortgage. Instead, the lender pays the homeowner a sum based on the age of the loan recipient and the amount of equity in the home. Generally, the older the homeowner is and the more equity he or she has in the home, the bigger the payment from the lender.

For owners with a fixed rate mortgage, they receive one lump sum from the lender. For those with an adjustable rate mortgage, it is possible to get a lump sum, a line of credit, a fixed monthly payment or a combination of these options.

When the borrower passes away, sells the home or moves out of the home, the lender expects to be paid back – typically through the sale of the home.

The most common type of reverse mortgage is known as Home Equity Conversion Mortgages or (HECMs) for short. These mortgages are backed by the U.S. Department of Housing and Urban Development (HUD). They also tend to be the most widely available reverse mortgage option with no income or medical requirements. They can be used for any purpose but are also the most expensive.

Why Choose a Reverse Mortgage?

There are a number of reasons why a homeowner would choose a reverse mortgage. Sometimes the owner does not have enough money to live off of, other times a big expense surprises the owner – like a medical problem or a major home repair. When the owner is in need of income, it makes sense to consider tapping the equity built up in the home.

One of the great appeals of a reverse mortgage is the fact that you do not have to pay it back right away. You can get the money you need now and push off the repayment of the loan until you pass away or until you move out of your home.

Problems with a Reverse Mortgage

A reverse mortgage has its disadvantages. The fees and closing costs on a reverse mortgage are often high, which means you are losing part of your home’s equity in exchange for getting money now. The interest rates for reverse mortgages are also higher than traditional mortgages.

Borrowers are also expected to keep the home in good repair and to pay all their taxes and fees. Many people who find themselves in a position where they are considering a reverse mortgage are struggling financially, so much so that paying all the costs associated with homeownership may be too much to handle. If you fail to keep the house up or pay associated costs, the lender can demand the repayment of the loan.

Perhaps the biggest concern many homeowners face with reverse mortgages is that the loan complicates the process of leaving the home to heirs. If your heirs want to keep the family home, they will have to pay back the lender. The lender does not care where the payment comes from, either from the sale of the home, from the heirs, or a combination of the two. But the lender has to be paid. Here is what you need to know about selling a home with a reverse mortgage. While it is not significantly different than a traditional sale, there are some nuances.

Who Should Choose a Reverse Mortgage?

The ideal candidate for a reverse mortgage is a homeowner who has significant equity in the home, is older – so that the payments are substantial, and more than enough to meet the owner’s financial needs – and one who does not expect to pass the home on to his or her heirs. The ideal candidate should also be able to afford the upkeep of the home for the foreseeable future, including property taxes.

A Reverse Mortgage Should be a Last Resort

Reverse mortgages are certainly one way to increase income for a homeowner, but they are often not the best way. Prudent financial advisers recommend selling off other investments first to generate income, liquidating portfolios and reducing living expenses first before choosing a reverse mortgage.

Once you have committed to a reverse mortgage, your options become much more limited concerning your home and your estate. You cannot move out of the home without needing to pay back the loan. You cannot pass on your home to your heirs without them needing to pay back the loan. You also need to pay for all the costs of homeownership consistently to avoid being forced to pay back the loan. You should look over additional facts about reverse mortgages before choosing one.

Mandatory Counseling for Reverse Mortgages

Reverse mortgages have a negative reputation for a reason. Many homeowners who were not aware of the disadvantages were encouraged to take out reverse mortgages, resulting in regulations requiring mandatory counseling. If you are planning on taking out a reverse mortgage, you will be required to go through mandatory counseling to ensure you understand what you are doing, and to help you consider other options first.

The counseling is free, but the fact that it is mandatory is a good indication of how cautious you should be. Reverse mortgages definitely make sense for some homeowners – but not most. Make sure you do your research and explore all other financial options before committing to a reverse mortgage. Be sure to check out the helpful glossary of reverse mortgage terms you should know when considering this financial option.

Hopefully, you now have a better understanding of how reverse mortgages work.

NAR: Homebuyers, Sellers Stuck in Neutral

A recent survey by NAR shows homebuyers and sellers have a desire to buy and/or sell, but have not followed through on it.

Source: NAR: Homebuyers, Sellers Stuck in Neutral

Homebuyers and sellers are confident in the housing market, but there are few sales to show for it, according to recently released findings from a survey by the National Association of REALTORS® (NAR).

NAR’s quarterly Housing Opportunities and Market Experience (HOME) report reveals homebuyers and sellers are stuck in neutral, despite a record 80 percent of homeowners surveyed for the report believing now is a good time to sell and 62 percent of renters believing now is a good time to buy. Low inventory is behind the stall, says NAR Chief Economist Lawrence Yun.

“The housing market has been in a funk since early spring because of the ongoing scarcity of new and existing homes for sale,” Yun says. “The pace of new-home construction has not meaningfully broken out this year, and not enough homeowners at this point have followed through with their belief that now is a good time to sell. As a result, home shoppers have seen limited options, stiff competition and weakening affordability conditions. Buyer demand is robust this fall, but the disappointing reality is that sales will continue to undershoot their full potential until supply levels significantly improve.”

Buying a home is already a pipe dream for many renters—and pushed even further out of reach by rising rents, the report shows. Fifty-one percent of renters expect their rent to increase in the next year, but 42 percent would renew their lease, rather than buy a home, if their rent did go up. (Only 15 percent would buy a home.)

“Even though the typical down payment of a first-time buyer has been 6 percent for three straight years, two-thirds of respondents indicated that saving for one is difficult right now,” says Yun. “Rents and home prices have outpaced incomes in the past few years, and this is undoubtedly impacting their ability to put aside savings for a home purchase, even if they increasingly believe it’s a good time to buy. Heading into next year, higher home prices and limited inventory in the affordable price range will likely continue to hold back a share of renters who would prefer to be homeowners.”

More of those surveyed (57 percent) believe the economy is improving, however—optimism that could potentially translate into more earnings, and, by extension, more housing opportunities. The survey’s Personal Financial Outlook Index, which gauges respondents’ sentiment on their financial situation over the next six months, leapt up to 62.0 in September.

“Jobs are plentiful, wage growth is finally showing signs of life, home values are up considerably in the past five years and the stock market is at record highs,” Yun says. “The economy is not perfect, and growth overall is still sluggish, but the financial health of the typical household looks as healthy as it has since the recession.”


Four Fall Home Projects:

1. Clean and Reverse Fans. Your ceiling fans have been hard at work all summer so they may have gathered more dust than you realize. Turn your fans off, and clean the sides, tops and bottoms of the blades. Reverse your fans so the blades send air upward to disrupt the warm air that collects near the ceiling and disperse it downward. This is particularly effective in rooms with high or vaulted ceilings and rooms with stoves or fireplaces.

2. Clean Window Treatments. Use a cordless hand-held vacuum to remove dust from hanging window treatments. If you have hanging curtains, take them down for a gentle launder. While they’re down, clean your windows and sills thoroughly.

3. Vacuum and Clean Furniture. Vacuum your upholstered furniture, and spot-clean the big stains as needed. Always test an inconspicuous area of your couch before applying any cleaning agent to a main area.

4. Seal the Air Leaks. Check your windows and doors for damaged weather stripping and cracked caulking, and make repairs as needed.

Would you like to own a new home in the Phoenix area? Give me a call at 623.341.5382.
 

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Homes near Matt

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2710 N 122nd Avenue, Avondale 85392, Vistas AT Rancho Santa FE

  • $236,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,345
  • Lot size: 8,697
  • Year built: 1995
  • MLS #: 5641205
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12222 W Cambridge Avenue, Avondale 85392, Vistas AT Rancho Santa FE

  • $212,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,578
  • Lot size: 6,900
  • Year built: 1996
  • MLS #: 5595360
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2017 N 128th Drive, Avondale 85392, Rancho Santa FE Parcels 16,17 & 18

  • $219,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,024
  • Lot size: 5,928
  • Year built: 1999
  • MLS #: 5672290
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12401 W Lewis Avenue, Avondale 85392, Alta Mira AT Rancho Santa FE

  • $310,000
  • Bedrooms: 4, Baths: 2
  • Home size: 2,494
  • Lot size: 10,344
  • Year built: 1995
  • MLS #: 5663877
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12855 W Lewis Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $225,500
  • Bedrooms: 3, Baths: 2
  • Home size: 1,611
  • Lot size: 6,440
  • Year built: 1999
  • MLS #: 5660047
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12883 W Cambridge Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $204,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,232
  • Lot size: 4,050
  • Year built: 1999
  • MLS #: 5634650
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2127 N 124th Drive, Avondale 85392, Alta Mira AT Rancho Santa FE

  • $331,490
  • Bedrooms: 4, Baths: 2
  • Home size: 2,494
  • Lot size: 11,907
  • Year built: 1996
  • MLS #: 5568659
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12910 W Cambridge Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $180,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,313
  • Lot size: 4,050
  • Year built: 1998
  • MLS #: 5643336
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12809 W Edgemont Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $185,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,313
  • Lot size: 4,050
  • Year built: 1999
  • MLS #: 5609886
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12813 W Virginia Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $192,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,024
  • Lot size: 4,898
  • Year built: 1999
  • MLS #: 5602783
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12413 W Windsor Avenue, Avondale 85392, Vistas AT Rancho Santa FE

  • $220,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,899
  • Lot size: 6,900
  • Year built: 1996
  • MLS #: 5649179
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12830 W Edgemont Avenue, Avondale 85392, Rancho Santa FE Parcels 12,13,14 & 15

  • $225,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,232
  • Lot size: 4,410
  • Year built: 1999
  • MLS #: 5634726
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1917 N 127th Drive, Avondale 85392, Rancho Santa FE

  • $215,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,716
  • Lot size: 5,285
  • Year built: 1997
  • MLS #: 5653583
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12414 W Roanoke Avenue, Avondale 85392, Vistas AT Rancho Santa FE

  • $217,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,642
  • Lot size: 7,073
  • Year built: 1996
  • MLS #: 5588525
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12339 W Monte Vista Road, Avondale 85392, Rancho Santa FE

  • $369,990
  • Bedrooms: 4, Baths: 3
  • Home size: 3,513
  • Lot size: 9,108
  • Year built: 1996
  • MLS #: 5632230
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Homes near Fran and John

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8759 W Lamar Road, Glendale 85305, Boardwalk Place

  • $279,450
  • Bedrooms: 4, Baths: 3
  • Home size: 2,753
  • Lot size: 7,734
  • Year built: 2010
  • MLS #: 5601732
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8540 W Fleetwood Lane, Glendale 85305, Catania

  • $324,990
  • Bedrooms: 3, Baths: 2
  • Home size: 1,862
  • Lot size: 5,650
  • Year built: 2016
  • MLS #: 5659282
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8727 W Ocotillo Road, Glendale 85305, West Plaza 31 & 32 Amd Lot 1-608 TR A-C

  • $245,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,822
  • Lot size: 6,499
  • Year built: 1992
  • MLS #: 5656789
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8331 W Maryland Avenue, Glendale 85305, Dave Brown Parkside

  • $242,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,509
  • Lot size: 8,695
  • Year built: 1996
  • MLS #: 5658442
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6712 N 89th Avenue, Glendale 85305, West Plaza 31 & 32 Amd Lot 1-608 TR A-C

  • $199,500
  • Bedrooms: 3, Baths: 2
  • Home size: 1,800
  • Lot size: 8,024
  • Year built: 1992
  • MLS #: 5670988
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6131 N 90th Drive, Glendale 85305, LA Buena Vida Phase 2

  • $237,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,960
  • Lot size: 9,200
  • Year built: 1992
  • MLS #: 5661536
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8530 W Tuckey Lane, Glendale 85305, West Plaza 31 & 32 Amd Lot 1-608 TR A-C

  • $205,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,420
  • Lot size: 6,408
  • Year built: 1994
  • MLS #: 5657235
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8853 W Maryland Avenue, Glendale 85305, LA Buena Vida

  • $230,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,300
  • Lot size: 8,398
  • Year built: 1992
  • MLS #: 5643755
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6927 N 87th Drive, Glendale 85305, Boardwalk Place

  • $240,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,792
  • Lot size: 7,910
  • Year built: 2010
  • MLS #: 5618667
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8347 W Sierra Vista Drive, Glendale 85305, West Plaza 31 &32 Amd Lot 1-608 TR AC

  • $190,000
  • Bedrooms: 3, Baths: 1.75
  • Home size: 1,420
  • Lot size: 6,199
  • Year built: 1991
  • MLS #: 5654639
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6611 N 89th Avenue, Glendale 85305, West Plaza 31 & 32 Amd Lot 1-608 TR A-C

  • $210,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,800
  • Lot size: 6,538
  • Year built: 1993
  • MLS #: 5596694
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8741 W Lamar Road, Glendale 85305, Boardwalk Place

  • $240,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,792
  • Lot size: 7,739
  • Year built: 2010
  • MLS #: 5656702
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8560 W Keim Drive, Glendale 85305, Desert Mirage Estates

  • $245,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,722
  • Lot size: 9,289
  • Year built: 2001
  • MLS #: 5656071
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8532 W Mclellan Road, Glendale 85305, West Plaza

  • $175,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,513
  • Lot size: 6,556
  • Year built: 1993
  • MLS #: 5648256
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8762 W Fleetwood Lane, Glendale 85305, Boardwalk Place

  • $299,900
  • Bedrooms: 4, Baths: 3
  • Home size: 2,767
  • Lot size: 7,179
  • Year built: 2012
  • MLS #: 5635551
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Homes Near Ellen and Robert

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14638 W Hidden Terrace Loop, Litchfield Park 85340, Villas AT Litchfield Park

  • $335,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,436
  • Lot size: 6,966
  • Year built: 2006
  • MLS #: 5650340
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14250 W Wigwam Boulevard, Litchfield Park 85340, Renaissance

  • $172,500
  • Bedrooms: 2, Baths: 2
  • Home size: 1,130
  • Lot size: 987
  • Year built: 2006
  • MLS #: 5600735
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14250 W Wigwam Boulevard, Litchfield Park 85340, Renaissance

  • $188,000
  • Bedrooms: 2, Baths: 2
  • Home size: 1,412
  • Lot size: 1,277
  • Year built: 2006
  • MLS #: 5674248
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60 N Parkview Lane, Litchfield Park 85340, Village AT Litchfield Park Phase 1 Amd

  • $399,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 3,440
  • Lot size: 9,368
  • Year built: 2005
  • MLS #: 5643747
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14778 W Escondido Drive, Litchfield Park 85340, Village AT Litchfield Park Phase 2

  • $475,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 3,515
  • Lot size: 11,809
  • Year built: 2017
  • MLS #: 5678120
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14772 W Luna Circle, Litchfield Park 85340, Village AT Litchfield Park Phase 2

  • $415,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 3,779
  • Lot size: 9,312
  • Year built: 2008
  • MLS #: 5501500
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14579 W Hidden Terrace Loop, Litchfield Park 85340, Villas AT Litchfield Park

  • $350,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,436
  • Lot size: 6,125
  • Year built: 2006
  • MLS #: 5642084
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14200 W Village Parkway, Litchfield Park 85340, Cachet AT The Wigwam Amd

  • $366,539
  • Bedrooms: 2, Baths: 2
  • Home size: 1,891
  • Lot size: 4,713
  • Year built: 2017
  • MLS #: 5624213
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14250 W Wigwam Boulevard, Litchfield Park 85340, Renaissance Villas ON The Park Condominium

  • $140,000
  • Bedrooms: 1, Baths: 1
  • Home size: 892
  • Lot size: 774
  • Year built: 2006
  • MLS #: 5642465
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14758 W Escondido Drive, Litchfield Park 85340, Village AT Litchfield Park Phase 2

  • $418,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,592
  • Lot size: 11,686
  • Year built: 2017
  • MLS #: 5640215
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903 W Grove Street, Litchfield Park 85340, Village AT Litchfield Park

  • $420,000
  • Bedrooms: 3, Baths: 3
  • Home size: 3,118
  • Lot size: 9,375
  • Year built: 2004
  • MLS #: 5625360
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900 W Elm Street, Litchfield Park 85340, Village AT Litchfield Park

  • $390,000
  • Bedrooms: 5, Baths: 4.5
  • Home size: 3,833
  • Lot size: 10,000
  • Year built: 2005
  • MLS #: 5533860
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14831 W Aldea Drive, Litchfield Park 85340, Village AT Litchfield Park Phase 2

  • $405,000
  • Bedrooms: 5, Baths: 2.5
  • Home size: 2,833
  • Lot size: 9,749
  • Year built: 2013
  • MLS #: 5617464
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238 N Parkview Court, Litchfield Park 85340, Village AT Litchfield Park Phase 1

  • $412,000
  • Bedrooms: 5, Baths: 3
  • Home size: 3,167
  • Lot size: 10,649
  • Year built: 2005
  • MLS #: 5605157
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357 N Cloverfield Circle, Litchfield Park 85340, Village AT Litchfield Park Phase 1

  • $1,415,000
  • Bedrooms: 5, Baths: 5.5
  • Home size: 5,610
  • Lot size: 23,238
  • Year built: 2014
  • MLS #: 5606281
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Homes near Dixie

Homes in Ventana Lakes that have sold in the past 6 months.

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20305 N 105th Avenue, Peoria 85382, Ventana Lakes

  • $189,900
  • Bedrooms: 2, Baths: 2
  • Home size: 1,477
  • Lot size: 4,344
  • Year built: 1989
  • MLS #: 5674947
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20108 N 110th Avenue, Sun City 85373, Ventana Lakes

  • $285,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,880
  • Lot size: 8,869
  • Year built: 1999
  • MLS #: 5685177
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10618 W Mohawk Lane, Peoria 85382, Ventana Lakes North Shores AT lots 160-207 TR A-D

  • $259,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,671
  • Lot size: 5,989
  • Year built: 1993
  • MLS #: 5661270
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20364 N 109th Avenue, Sun City 85373, Ventana Lakes

  • $247,500
  • Bedrooms: 2, Baths: 2
  • Home size: 1,679
  • Lot size: 7,730
  • Year built: 1992
  • MLS #: 5656783
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11045 W Oraibi Drive, Sun City 85373, South Bay AT Ventana Lakes

  • $220,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,559
  • Lot size: 5,258
  • Year built: 2001
  • MLS #: 5688984
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20825 N 110th Avenue, Sun City 85373, Ventana Lakes 9 Lot 1-127

  • $199,000
  • Bedrooms: 2, Baths: 2
  • Home size: 1,839
  • Lot size: 10,639
  • Year built: 1995
  • MLS #: 5664224
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20610 N 110th Avenue, Sun City 85373, Ventana Lakes 9 Lot 1-127

  • $252,900
  • Bedrooms: 2, Baths: 2
  • Home size: 1,776
  • Lot size: 10,052
  • Year built: 1994
  • MLS #: 5662993
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11031 W Yukon Drive, Sun City 85373, Ventana Lakes

  • $224,900
  • Bedrooms: 3, Baths: 2
  • Home size: 1,776
  • Lot size: 7,600
  • Year built: 1994
  • MLS #: 5662943
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20039 N 108th Lane, Sun City 85373, Landings AT Ventana Lakes

  • $260,000
  • Bedrooms: 2, Baths: 2
  • Home size: 1,963
  • Lot size: 8,895
  • Year built: 2000
  • MLS #: 5683148
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10383 W Runion Drive, Peoria 85382, Greystone Heritage AT Ventana Lakes

  • $210,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,471
  • Lot size: 4,950
  • Year built: 2000
  • MLS #: 5612376
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20647 N 110th Avenue, Sun City 85373, Ventana Lakes 9 Lot 1-127

  • $324,900
  • Bedrooms: 3, Baths: 2
  • Home size: 2,034
  • Lot size: 8,491
  • Year built: 1994
  • MLS #: 5653279
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10846 W Mohawk Lane, Sun City 85373, Ventana Lakes AT Lakeside

  • $319,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,896
  • Lot size: 7,000
  • Year built: 1992
  • MLS #: 5618681
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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

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ARMLS Listing Data last updated 11/22/2017 10:30 PM MST.

Homes Near Della and Jose

Homes that have sold in the past 6 months near you.

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1636 N 73rd Drive, Phoenix 85035, Maryvale Terrace 47

  • $174,000
  • Bedrooms: 4, Baths: 2
  • Home size: 2,038
  • Lot size: 7,270
  • Year built: 1986
  • MLS #: 5648519
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6826 W Windsor Avenue, Phoenix 85035, Maryvale Terrace 58

  • $139,000
  • Bedrooms: 3, Baths: 1
  • Home size: 1,148
  • Lot size: 8,329
  • Year built: 1981
  • MLS #: 5682801
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7124 W Holly Street, Phoenix 85035, Maryvale Terrace 48

  • $178,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,622
  • Lot size: 7,205
  • Year built: 1976
  • MLS #: 5648893
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7356 W Windsor Avenue, Phoenix 85035, Villages AT Westridge Park Condominium

  • $179,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,675
  • Lot size: 2,048
  • Year built: 2013
  • MLS #: 5636078
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6829 W Virginia Avenue, Phoenix 85035, Skyview North Unit Five

  • $159,300
  • Bedrooms: 4, Baths: 2
  • Home size: 1,425
  • Lot size: 6,798
  • Year built: 1974
  • MLS #: 5660917
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1836 N 73rd Avenue, Phoenix 85035, Maryvale Terrace 47

  • $153,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,064
  • Lot size: 7,205
  • Year built: 1974
  • MLS #: 5672232
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7336 W Windsor Avenue, Phoenix 85035, Villages AT Westridge Park Condominium

  • $195,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,848
  • Lot size: 2,160
  • Year built: 2013
  • MLS #: 5608435
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2719 N 73rd Drive, Phoenix 85035, Villages AT Westridge Park Condominium

  • $179,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,089
  • Lot size: 2,032
  • Year built: 2014
  • MLS #: 5653471
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1626 N 72nd Avenue, Phoenix 85035, Maryvale Terrace 48

  • $152,000
  • Bedrooms: 4, Baths: 1
  • Home size: 1,288
  • Lot size: 7,214
  • Year built: 1975
  • MLS #: 5652847
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2002 N 74th Lane, Phoenix 85035, Maryvale Terrace 47

  • $100,000
  • Bedrooms: 2, Baths: 1
  • Home size: 840
  • Lot size: 7,304
  • Year built: 1975
  • MLS #: 5662396
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6937 W Virginia Avenue, Phoenix 85035, Skyview North Unit Five

  • $190,000
  • Bedrooms: 4, Baths: 2
  • Home size: 1,650
  • Lot size: 7,479
  • Year built: 1973
  • MLS #: 5665673
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7047 W Wilshire Drive, Phoenix 85035, Skyview North Unit Five

  • $192,000
  • Bedrooms: 6, Baths: 2.75
  • Home size: 2,727
  • Lot size: 8,102
  • Year built: 1973
  • MLS #: 5533655
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1810 N 70th Drive, Phoenix 85035, Maryvale Terrace 41

  • $132,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,100
  • Lot size: 6,360
  • Year built: 1976
  • MLS #: 5596047
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2661 N 73rd Drive, Phoenix 85035, Villages AT Westridge Park Condominium

  • $178,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,675
  • Lot size: 2,025
  • Year built: 2014
  • MLS #: 5609035
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2841 N 71st Avenue, Phoenix 85035, Maryvale Terrace 58A Lot 1-16 220-227

  • $105,500
  • Bedrooms: 2, Baths: 1
  • Home size: 940
  • Lot size: 6,120
  • Year built: 1981
  • MLS #: 5670848
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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

IDX Solution Provided by iFoundAgent.com

ARMLS Listing Data last updated 11/22/2017 10:30 PM MST.

House Values Near David

Homes that have been sold in your area over the past 6 months.

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702 E Rose Marie Lane, Phoenix 85022, Arizona Carousel

  • $247,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,575
  • Lot size: 4,890
  • Year built: 2000
  • MLS #: 5687544
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18437 N 8th Place, Phoenix 85022, North Point Crossing Lot 1-82 TR A-M

  • $215,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,355
  • Lot size: 4,172
  • Year built: 1993
  • MLS #: 5679800
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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

IDX Solution Provided by iFoundAgent.com

ARMLS Listing Data last updated 11/22/2017 10:30 PM MST.

 

Homes sold near Betty over the past 6 months

Homes sold nearby in the past 6 months.

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14240 W Country Gables Drive, Surprise 85379, Sierra Verde Parcel 4

  • $173,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,262
  • Lot size: 3,416
  • Year built: 2006
  • MLS #: 5672551
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14951 N 142nd Drive, Surprise 85379, Sierra Verde Parcel 4

  • $178,000
  • Bedrooms: 4, Baths: 3
  • Home size: 1,574
  • Lot size: 3,555
  • Year built: 2005
  • MLS #: 5632180
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14215 W Country Gables Drive, Surprise 85379, Sierra Verde Parcel 4

  • $172,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,262
  • Lot size: 4,357
  • Year built: 2006
  • MLS #: 5628709
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14990 N 142nd Lane, Surprise 85379, Sierra Verde Parcel 4

  • $190,000
  • Bedrooms: 3, Baths: 3
  • Home size: 1,574
  • Lot size: 2,745
  • Year built: 2005
  • MLS #: 5633747
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14143 W Country Gables Drive, Surprise 85379, Sierra Verde Parcel 4

  • $192,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,611
  • Lot size: 3,240
  • Year built: 2005
  • MLS #: 5625204
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15040 N 142nd Lane, Surprise 85379, Sierra Verde Parcel 4

  • $168,000
  • Bedrooms: 3, Baths: 2
  • Home size: 1,375
  • Lot size: 2,684
  • Year built: 2006
  • MLS #: 5629164
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14171 W Country Gables Drive, Surprise 85379, Sierra Verde Parcel 4

  • $179,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,530
  • Lot size: 3,240
  • Year built: 2005
  • MLS #: 5578605
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Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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

IDX Solution Provided by iFoundAgent.com

ARMLS Listing Data last updated 11/22/2017 10:30 PM MST.