7424 S 27TH Terrace, Phoenix, AZ 85042

New Listing

$430,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,958 Lot Size (sq. ft.): 3,930 Status: Active

Current Price: $430,000 List Date: 5/25/2026 Last Modified: 5/21/2026

Overview

Description

RARE 2.25% ASSUMABLE VA LOAN - SAVE THOUSANDS IN INTERESTDon't miss this opportunity to own 7424 S 27th Terrace in South Phoenix--featuring a highly desirable assumable VA loan with a below-market interest rate (for qualified buyers), a major advantage in today's market.Step inside to a bright, open layout with spacious living areas, a functional kitchen with plenty of storage, and comfortable bedrooms throughout. The backyard offers plenty of space to relax, entertain, or design your own outdoor oasis.Located in a gated community just minutes from shopping, dining, parks, and with quick freeway access, this home combines convenience with everyday comfort.

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
Assessor's Map #: 95
Legal Description (Abbrev): LOT 58 MOUNTAIN GROVE COMMUNITY MCR 079346
Assessor's Parcel #: 73
Tax Municipality: Phoenix
Taxes: 2851

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: 219.61
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
Text: Yes
Email: Yes
Phone Call: Yes

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Tile: Yes

Association & Fees

HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 0
HOA Fee: 327
HOA Paid Frequency: Quarterly
HOA Name: Mountain Grove
HOA Telephone: 480-539-1396
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 0
Disclosure Fees HOA: 375
Other Fees HOA: 0
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 109

Lockbox Type

Supra: Yes

Master Bathroom

Full Bth Master Bdrm: Yes

Add'l Property Use

None: Yes

Flooring

Carpet: Yes
Tile: Yes

Dining Area

Formal: Yes

Heating

Forced Air: Yes

Kitchen Features

Built-In Electric Oven: Yes
Built-in Microwave: Yes

Cooling

Central Air: Yes

Laundry

See Remarks: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: Yes

Water Source

City Water: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Utilities

SRP: Yes

Existing 1st Loan

VA: Yes

Existing 1st Loan Terms

Assume - Qualify: Yes

Landscaping

Gravel/Stone Front: Yes
Gravel/Stone Back: Yes
Synthetic Grass Back: Yes

Disclosures

Seller Discl Avail: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Common Area Maint: Yes

Assoc Rules/Info

None: 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

Listing Office: HomeSmart

Last Updated: May - 21 - 2026