Properties / 1289 Essex Way
VA ASSUMABLERate: 2.72%

1289 Essex Way

$499,000
Chino Valley, AZ 86323
3 beds2 baths1,741 sqftSingle Family
The assumable advantage
2.72%
VA assumed rate
$19,471 interest already paid off
Estimated Loan Balance$117,617
Cash to close$381,665
Est. Monthly PITI$889
Initial Loan Amount$134,879
Time on site15 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$381,383
Cash or secondary financing
Monthly savings
$2,392
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Welcome to Your Dream Home at 1289 Essex Way Captivating Elegance meets Energy-Efficient Luxury The Grand Living Spaces Step through the 8-foot raised doorways into an expansive interior boasting 9-foot ceilings, rounded cove wall edges, and premium plank wood-look tile flooring. The breathtaking Great Room anchors the home with its majestic vaulted ceilings and a stunning stone-work gas fireplace, complete with an auto-start feature, blower, stone hearth, and a custom wood mantle. Seamlessly entertain or relax as you open the massive 9-foot Atrium sliding doors--outfitted with vertical cellular shades--or enjoy the immersive experience of the built-in surround sound system. A Chef's Dream Kitchen & Dining The gourmet kitchen is a masterclass in style and functionality, featuring: Premium Cabinetry: Upgraded maple cabinets with added height, staggered tops, crown molding, a lazy susan, and a full refrigerator side wall.Countertops & Island: Pristine quartz countertops with rounded corners and a central kitchen island equipped with outlets at each end. High-End Details: Brushed nickel hardware, high sideways-mounted outlets, an expanded pantry with extra shelving, custom Allure transitional blinds, and premium Whirlpool appliances, including a gas range. The Ultimate Main Suite Retreat The primary bedroom is a sanctuary of comfort, plush carpeting, additional wall outlets, and a beautiful lighted window sitting area. Step into the spa-like Main Bath Area to find an extra-large lounging bathtub, upgraded maple cabinetry with double sinks and tall pivoting faucets, a raised-height toilet, and an upgraded massage showerhead. The huge walk-in closet includes custom additional shelving and a dedicated electrical outlet. Note for Pet Lovers: The entire main suite (bedroom, bath, and closet) features fully insulated interior walls, intentionally designed to provide a quiet, peaceful sanctuary from outside noises like thunder. Versatile Bedrooms & Dedicated Den. The Den: Tucked behind a privacy door, this flexible space features beautiful Pergo flooring and dual-switch upgraded lighting--perfect for a quiet home office or media room. Front Bedroom: Positioned on its own dedicated electrical circuit for optimal power management, complete with upgraded closet shelving. Middle Bedroom & Guest Bath: Features brand-new carpeting and quick access to the secondary bathroom, which boasts upgraded cabinetry, raised-height toilet, a raised massage showerhead, and enhanced over-tub lighting. An Outdoor Oasis Built for Entertaining The backyard is an absolute showstopper, fully enclosed by 6-foot plus private block-wall fencing and premium view fencing along the back to showcase the serene wash. The Patio: Relax under the oversized covered paver patio equipped with ceiling fans and lighting. Fire-Pit & Grilling: Gather around the massive stone gas fire-pit featuring built-in hearth seating, glass stones, and a decorative circular paver design. A dedicated flagstone and paver grilling area includes a direct gas line for your BBQ. The Grounds: Wander through a yard filled with mature fruit trees, lush bushes, an integrated irrigation system, and a raised-bed garden ready for planting. The Ultimate Smart & Organized Garage This is not just a garage; it's a hobbyist's haven. Fully insulated (including the garage door), it features a right-side bump-out wall for extra width, heavy-duty overhead storage racks, brilliant extra lighting, windows for natural light, a Bluetooth-connected opener, a secondary insulated attic space, and a dedicated outlet for an electric vehicle (EV) plug-in.Smart Home & High-Tech Efficiency Comfort & Utilities: Tankless hot water system, Nuevo soft water system, and an advanced ERV (Energy Recovery Ventilator) system coupled with central HVAC and a Nest thermostat. Security: Integrated security system, Ring doorbell, front/rear motion- detect lighting, and dawn-to-dusk porch lights.

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 $381,383. 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 feet1,741
Property typeSingle Family
MLS #7072109
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)
$551/mo
Source est. payment (PITI)
$889/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$381,383

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

$0$381,383
Additional funds needed$0

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