Properties / 8061 E VIRGINIA Avenue
VA ASSUMABLERate: 6.58%

8061 E VIRGINIA Avenue

$899,900
Scottsdale, AZ 85257
3 beds2 baths1,931 sqftSingle Family
The assumable advantage
6.58%
VA assumed rate
$43,294 interest already paid off
Estimated Loan Balance$715,130
Cash to close$184,770
Est. Monthly PITI$4,942
Initial Loan Amount$721,034
Time on site23 days
Remaining Term29 years, 2 months
Seller's equity (what you pay)
$184,770
Cash or secondary financing
Monthly savings
$707
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

STUNNING DOWN-TO-THE-STUDS REMODEL IN HIGHLY DESIRABLE VILLAGE GROVE NEIGHBORHOOD! Remodeled for homeowner, NOT a flip, which means more extensive renovations and custom touches ~ This fully updated home underwent an extensive floor-to-ceiling renovation, taken all the way down to the studs with structural beams added to create an open modern floor plan with uniform raised ceilings throughout. Offering complete ''behind-the-walls'' peace of mind, virtually every system, wire, pipe, and finish has been updated ~ Expanded kitchen footprint featuring white quartz countertops and a massive, extra-large exotic blue granite island ~ Premium appliance suite including a double gas oven with French doors, 36'' stovetop, microwave, refrigerator, and ultra-wide sink ~ Fully updated cabinetry with pan storage space ~ Light and bright open-concept living space illuminated by new flush-mount LED can lighting ~ Beautiful new tile flooring throughout the entire home ~ Energy-efficient windows and room ceiling fans throughout ~ Expanded primary suite featuring a custom walk-in closet ~ Spa-inspired primary bath with a custom-designed walk-in shower, newer vanity, lighting, mirror, and toilet with bidet feature ~ Arcadia sliding door in primary bedroom leading to front patio space ~ Spacious secondary bedrooms ~ Updated guest bathroom with vanity, mirror, lighting, and plumbing fixtures ~ Dedicated indoor laundry room featuring a utility sink, washer and dryer, and stylish custom tile flooring ~ 2022 SYSTEM & MECHANICAL OVERHAUL: HVAC unit replaced and has a Nest thermostat ~ Sewer line replaced throughout (outside to alley updated 2013) and completely updated supply line plumbing throughout ~ Electrical wiring and panel replaced ~ Ring doorbell camera ~ Tankless water heater and whole-house water softener ~ Roof replaced (2018/2019) ~ Fresh interior and exterior paint ~ Front door, back door, and garage door with opener all replaced ~ PRIME 85257 LOCATION Minutes from Old Town Scottsdale's world-class dining, shopping, and nightlife ~ Quick access to SkySong, Papago Plaza, Continental Golf Course, and the Indian Bend Wash Greenbelt paths ~ Close to COMING SOON grocery options, including COSTCO, ALDI's, WHOLE FOODS and SPROUTS ~ Walk to Hohokam Elementary School, short drive to Scottsdale Community College and ASU ~ Easy freeway access via the Loop 101 ~ No HOA for total lifestyle and parking freedom!

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 $184,770. 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
Bathrooms2
Square feet1,931
Property typeSingle Family
MLS #7059073
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)
$4,600/mo
Source est. payment (PITI)
$4,942/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$184,770

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

$0$184,770
Additional funds needed$0

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