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Listing provided courtesy of HomeSmart- MLS# 7026831MLS Provider

7424 S 27TH TerracePhoenix, AZ 85042

Single Family · 4 Beds · 2 Full Baths · 1 Half Bath · 1,958 Sq. ft. | 0.09 Acres
$426,900 Active

7424 S 27TH Terrace Overview

Time on Site:
40 days
Visits:
0

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. Buyers would need approximately $237,900 in cash, secondary financing, or a combination of both to cover the difference between the purchase price and the assumable loan balance. 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!

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7424 S 27TH Terrace Facts & Features

  • Type Single Family
  • Sq. ft. 1,958
  • Price/Sq.ft. $218
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association Fee: $327.00
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Mountain Grove
  • Association: true

School Information

  • School District: Phoenix Union High School District
  • Elementary School: Bernard Black Elementary School
  • Middle Or Junior School: Valley View School
  • High School: Camelback High School

Building Information

  • Builder Name: WILSON PARKER HOMES
  • Year Built: 2011

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Subdivision Name: MOUNTAIN GROVE COMMUNITY
  • Township: 1N

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Annual Amount: $2,851.00
  • Tax Year: 2025

General Information

  • Disclosures: Seller Discl Avail
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Ownership: Fee Simple
  • Parcel Number: 122-95-073
  • Possible Use: None
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: N/A

Interior

Parking Information

  • Garage Spaces: 2.0

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4
  • Bedrooms Possible: 4

Building Interior

  • Building Area Source: Assessor

General Information

  • Fireplace: false
  • Flooring: Carpet,Tile
  • Interior Features: Full Bth Master Bdrm
  • Laundry Features: See Remarks
  • Living Area: 1958.0
  • Living Area Source: Assessor
  • Rooms Total: 0
  • Spa Features: None
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 2.0

Lot Information

  • Lot Features: Gravel/Stone Front,Gravel/Stone Back,Synthetic Grass Back
  • Lot Size Area: 3930.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3930.0
  • Lot Size Units: Square Feet
  • Water Source: City Water

Building Exterior/Construction

  • Construction Materials: Stucco,Wood Frame
  • Property Attached: false
  • Roof: Tile

General Information

  • Covered Spaces: 2.0
  • Fencing: Block
  • Horse: false
  • Pool Private: false
  • Sewer: Public Sewer

7424 S 27TH Terrace Neighborhood

Community

85042 (Phoenix) Demographics

32
Median Age
3,284
Population Density (per sq. mile)
32%
College Educated
$66,652
Estimated Median Income
9,260
Estimated Total Home Owners
5,908
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7424 S 27TH Terrace Monthly Cost

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Matt Rivera
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7424 S 27TH Terrace Market Data

Based on the last 30 days in this zip code

$561,521
Average List Price
$286
Average Price per Square Foot
28
Properties Sold
84
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

7424 S 27TH Terrace History

Date Event Value Agent
6/20/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$426,900 -0.7%
5/21/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
May 21, 2026