Properties / 8920 N 83RD Place
VA ASSUMABLERate: 2.88%

8920 N 83RD Place

$975,000
Scottsdale, AZ 85258
2 beds2 baths2,018 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$78,168 interest already paid off
Estimated Loan Balance$420,663
Cash to close$555,338
Est. Monthly PITI$2,447
Initial Loan Amount$484,229
Time on site15 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$554,337
Cash or secondary financing
Monthly savings
$3,730
Versus today's market rate
Est. savings per year
$45K
Versus today's market rate

About this home

Nestled in the heart of highly sought-after McCormick Ranch, this beautifully renovated single-level home offers the perfect blend of timeless style and modern comfort. The open floor plan was thoughtfully updated throughout, the home features soaring vaulted ceilings with exposed wood beams, newer energy-efficient windows, plantation shutters, wide-plank wood-look tile flooring, and an abundance of natural light. The stunning kitchen has been completely renovated with white shaker cabinetry, quartz countertops, a designer tile backsplash, premium KitchenAide stainless steel appliances, and a spacious dining area that seamlessly connects to the main living spaces. The inviting great room is anchored by a charming fireplace and offers effortless indoor-outdoor living. The spacious primary suite is a true retreat, offering direct backyard access and a beautifully remodeled, spa-inspired bath with dual vanities, a custom walk-in shower, and a striking reclaimed-wood barn door. Generously sized secondary bedrooms provide flexibility for family and guests, while the third bedroom is currently configured as a dedicated office featuring exposed beams and custom built-in shelving--an impressive and functional work-from-home space. Step outside to a private backyard oasis with a sparkling pool, covered patio, multiple seating areas, and mature landscaping--an inviting setting for relaxing, dining, and entertaining year-round. Additional improvements include new interior doors, updated bathrooms, designer lighting, a renovated laundry room with added cabinetry, new water heater, new garage doors, and an oversized two-car garage with a large storage room. Ideally located in McCormick Ranch, enjoy miles of walking and biking paths, nearby golf, parks, premier shopping and dining, and all that the Scottsdale lifestyle has to offer. A rare opportunity to own a thoughtfully renovated, move-in-ready home in one of Scottsdale's most established and desirable communities.

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 $554,337. 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

Bedrooms2
Bathrooms2
Square feet2,018
Property typeSingle Family
MLS #7065355
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)
$2,020/mo
Source est. payment (PITI)
$2,447/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$554,337

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

$0$554,337
Additional funds needed$0

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