Properties / 1550 E GREENTREE Drive
VA ASSUMABLERate: 3.8%

1550 E GREENTREE Drive

$1,550,000
Tempe, AZ 85284
4 beds3 baths2,781 sqftSingle Family
The assumable advantage
3.8%
VA assumed rate
$93,541 interest already paid off
Estimated Loan Balance$323,198
Cash to close$1,229,676
Est. Monthly PITI$2,289
Initial Loan Amount$373,106
Time on site50 days
Remaining Term23 years
Seller's equity (what you pay)
$1,226,802
Cash or secondary financing
Monthly savings
$7,383
Versus today's market rate
Est. savings per year
$89K
Versus today's market rate

About this home

Located in Corona del Sol Estates, this home has undergone an extensive transformation, with years of improvements touching nearly every part of the property. What stands out most is how complete it feels. Warm natural materials, custom walnut work, designer lighting, wide-plank wood flooring and custom millwork create a refined yet comfortable feel, while the beautifully updated kitchen and bathrooms feature premium appliances and distinctive finishes. The updates go well beyond the finishes, with newer HVAC systems and water heaters, extensive roof work, and a backyard that has been completely renovated. It's the depth, quality and overall execution that truly set this home apart. resulting in a property that stands apart from anything else on the market. The outdoor spaces have been equally considered, offering an ideal setting for entertaining or relaxing at home. A rare opportunity to own a truly turnkey home in one of Tempe's most established and desirable neighborhoods. Homes with this level of finish and overall execution rarely become available in Corona del Sol Estates.

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 $1,226,802. 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

Bedrooms4
Bathrooms3
Square feet2,781
Property typeSingle Family
MLS #7027554
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)
$1,758/mo
Source est. payment (PITI)
$2,289/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$1,226,802

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

$0$1,226,802
Additional funds needed$0

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