Properties / 8584 E TUMBLEWEED Drive
VA ASSUMABLERate: 2.83%

8584 E TUMBLEWEED Drive

$1,999,999
Scottsdale, AZ 85266
3 beds4 baths4,073 sqftSingle Family
The assumable advantage
2.83%
VA assumed rate
$105,026 interest already paid off
Estimated Loan Balance$664,713
Cash to close$1,336,813
Est. Monthly PITI$3,615
Initial Loan Amount$750,000
Time on site50 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$1,335,286
Cash or secondary financing
Monthly savings
$8,687
Versus today's market rate
Est. savings per year
$104K
Versus today's market rate

About this home

PRICE IMPROVEMENT! Set on a private, one-acre, cul-de-sac lot, within the exclusive gated community of Sierra Boulders, this exquisite residence offers refined desert living with breathtaking mountain views! Surrounded by natural boulder outcroppings and mature desert landscaping, the property blends seamlessly into its Sonoran Desert setting while providing serene seclusion and privacy. ***EXTRA BONUS, this HOME has a $625,000 ASSUMABLE 2.25% LOAN!!! Designed for both everyday living and effortless entertaining, the spacious open-concept floor plan is filled with natural light and flows beautifully from one gathering space to the next. The chef-inspired kitchen is thoughtfully appointed with custom Stone Creek cabinetry, a generous granite island and counter tops, walk-in pantry, Wolf gas oven, premium appliances, and abundant workspace--creating the perfect setting for everything from casual mornings to elegant dinner parties. The expansive great room and den/office opens with disappearing walls of glass, to an oversized covered patio where panoramic desert vistas provide a spectacular backdrop for Arizona's renowned sunsets and indoor-outdoor living. Additional highlights include a welcoming family room, formal dining area, luxurious primary suite featuring a spa-inspired bath with soaking tub, oversized walk in shower, and double vanities, dual-pane windows with solar screens, and a whole-home Generac generator, on city natural gas line-(not propane), a 22 KVA, capable for generating energy for the entire house, for added comfort and peace of mind. Located in a quiet,gated enclave, with nearby biking and walking paths, this home offers the ideal combination of privacy, luxury, and convenience while remaining just minutes from North Scottsdale's premier golf, dining, shopping, and outdoor recreation. This low maintenance home is not only the perfect lock and leave home, this home offers the best of Scottsdale's relaxed lifestyle and access to world class golf, shopping, dining, spa's, and more! Don't wait start living the life of your dreams today! Book your tour today!

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $1,335,286. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms3
Bathrooms4
Square feet4,073
Property typeSingle Family
MLS #7057210
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$3,108/mo
Source est. payment (PITI)
$3,615/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$1,335,286

Asking price minus remaining loan balance. Closing costs are additional.

$0$1,335,286
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.