Properties / 7012 E PRESIDIO Road
VA ASSUMABLERate: 2.83%

7012 E PRESIDIO Road

$2,995,000
Scottsdale, AZ 85254
5 beds4 baths3,891 sqftSingle Family
The assumable advantage
2.83%
VA assumed rate
$90,813 interest already paid off
Estimated Loan Balance$546,545
Cash to close$2,451,003
Est. Monthly PITI$3,147
Initial Loan Amount$620,958
Time on site35 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$2,448,455
Cash or secondary financing
Monthly savings
$15,084
Versus today's market rate
Est. savings per year
$181K
Versus today's market rate

About this home

Welcome to a fully renovated residence in a prime Scottsdale location, thoughtfully designed to balance everyday comfort with effortless entertaining. A circular driveway creates an impressive arrival, leading to a five-car garage and a welcoming front courtyard. A striking iron entry door sets the tone, opening to an immediate sightline through the home, beyond the covered patio, and into the lush backyard. The formal living and dining spaces introduce a refined sense of elegance with warm wood ceiling beams, a dramatic picture window, and a built-in bar with beverage refrigerator. At the heart of the home, an expansive open-concept kitchen and family room are framed by Heritage sliding glass doors that showcase views of the sparkling pool and beautifully landscaped grounds. The kitchen pairs warm cabinetry with striking wood beams and features a five-burner gas cooktop with pot filler, custom vent hood, stainless steel appliances, including double ovens, an oversized island illuminated by statement pendant lighting, additional pantry storage, and a casual eat-in nook. The adjoining family room continues the architectural detailing with ceiling beams and a dramatic floor-to-ceiling fireplace featuring a custom quartz surround, built-ins, and illuminated floating shelves. The wall of sliding glass doors create a seamless connection to the covered patio and backyard beyond. One wing of the residence offers an exceptionally functional mudroom and laundry room with wraparound cabinetry, utility sink beneath a picture window, and elevated washer and dryer. A conveniently located powder room sits just off the door to the covered patio, while a flexible bonus room, currently appointed as a gym with padded flooring and mirrored walls, offers space to adapt to your lifestyle. At the end of the hall, the first of two primary suites impresses with soaring double-height ceilings, a custom walk-in closet with pocketing doors, and a spa-inspired bath featuring a private water closet, wall-to-wall dual vanities, freestanding soaking tub, and an expansive zero-grade-entry shower with rain shower and integrated LED lighting. The opposite wing provides three generously sized guest bedrooms accompanied by an elegant guest bath with dual vanities and a beautifully tiled shower. Continuing down the hall, the second primary suite offers its own private retreat, complete with a wood-burning fireplace, intimate sitting area, dual closet spaces, and a sophisticated ensuite with dual vanities, dedicated makeup vanity, and an elegant walk-in shower. Two private exits extend the suite outdoors, one opening directly to the covered patio and another providing convenient access to the detached outdoor sauna and shower. The outdoor setting is designed to be enjoyed year-round, with a sparkling pool, fire pit, expansive covered patio, lush landscaping, and an impressive stretch of green lawn creating a private resort-like backdrop. Additional amenities include a sport court and a detached, workshop offering abundant storage and versatility. Further upgrades include new A/C units, engineered wood flooring throughout, and a temperature-controlled garage with epoxy flooring and electric vehicle charging. Completely reimagined with sophisticated finishes, exceptional functionality, and spaces designed to bring people together, this Scottsdale residence offers the rare combination of refined interiors, inspired outdoor living, and remarkable versatility, all in a home created to be enjoyed as beautifully as it presents.

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 $2,448,455. 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
Bathrooms4
Square feet3,891
Property typeSingle Family
MLS #7063847
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)
$2,579/mo
Source est. payment (PITI)
$3,147/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$2,448,455

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

$0$2,448,455
Additional funds needed$0

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