Properties / 1823 W MADDOCK Road
VA ASSUMABLERate: 2.94%

1823 W MADDOCK Road

$1,950,000
Phoenix, AZ 85086
5 beds6 baths4,958 sqftSingle Family
The assumable advantage
2.94%
VA assumed rate
$97,358 interest already paid off
Estimated Loan Balance$617,455
Cash to close$1,338,045
Est. Monthly PITI$3,617
Initial Loan Amount$689,070
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$1,332,545
Cash or secondary financing
Monthly savings
$8,585
Versus today's market rate
Est. savings per year
$103K
Versus today's market rate

About this home

*** Voted Best Home on Tour *** Featuring a 1,288 sq. ft. air-conditioned RV workshop with two commercial-height roll-up doors, there are properties that simply exist -- and then there are properties that command attention. This is the latter. Set against a dramatic mountain backdrop in the exclusive enclave of Desert Hills, this fully walled, privately gated compound delivers a level of scale, craftsmanship, and versatility that rarely surfaces in the Phoenix market -- at any price point. Pass through the electric-gated, pavered entry and security building into a serene Hand-carved Alderwood double doors open to a residence of striking architectural character--soaring spaces, dramatic structural details, and high-end custom finishes executed with a discerning eye. The heart of the home is a professional-grade chef's kitchen appointed with Schuller custom cabinetry, Sub-Zero refrigeration, Wolf 5-burner range with pot filler, Dacor double ovens, Franke sink, Blue Diamond granite counters, and a commercial-style gooseneck pull-down spring faucet. Built for those who cook seriously and entertain lavishly. Three separate bedroom wings ensure privacy and flexibility are never compromised. The primary suite delivers a dual fireplace, jetted soaking tub, oversized glass block shower, and a walk-in closet outfitted with an ELFA organizer system plus a private safe room within the closet. A dedicated sitting area and private exit to the covered patio complete the retreat. Two guest bedrooms share an elegant Jack-and-Jill bath, one opening directly to the front courtyard through Alderwood French doors. A fourth bedroom functions as a secondary master suite--fully private, with its own ensuite bath, walk-in closet, and courtyard access. Above the extended-length 3-car garage, a fully independent 1,064 sq ft guest suite offers exceptional flexibility--private French-door entry, guest kitchen, two bedrooms (one previously configured as a media room), a full bath, and an 1,800 sq ft upper deck with unobstructed mountain views. The backyard is an entertainer's domain. A full cabana with kitchenette and shower bath anchors the exterior, while the swim spa by Endless Pools and hot tub complete the resort-caliber setting. The 29.46 KW owned solar system provides meaningful energy independence at this scale. A 28 × 45 ft rear RV garage with its own dedicated HVAC system and two commercial-height roll-up doors (West: 13'10" H × 9'11" W | South: 13'10" H × 15'10" W) is purpose-built for the collector, the hobbyist, or the entrepreneur who demands serious shop space.

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 $1,332,545. 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

Bedrooms5
Bathrooms6
Square feet4,958
Property typeSingle Family
MLS #7031026
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
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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)
$2,915/mo
Source est. payment (PITI)
$3,617/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$1,332,545

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

$0$1,332,545
Additional funds needed$0

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