Properties / 398 W LYLE Avenue
VA ASSUMABLERate: 6.5%

398 W LYLE Avenue

$483,500
San Tan Valley, AZ 85140
4 beds3 baths2,490 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$52,075 interest already paid off
Estimated Loan Balance$477,215
Cash to close$6,766
Est. Monthly PITI$3,412
Initial Loan Amount$485,000
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$6,285
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to 398 W. Lyle Ave., a beautifully maintained former model home offering 4 bedrooms, 2.5 bathrooms, a private den, and a spacious loft across 2,490 square feet of thoughtfully designed living space in the highly sought-after Ironwood Crossing community of San Tan Valley. Originally built as a model home, this residence showcases quality craftsmanship, thoughtful design, and pride of ownership throughout. The inviting interior features updated ceiling fans, generous living spaces, and a stylish kitchen complete with granite countertops, stainless steel appliances, and abundant cabinetry--perfect for both everyday living and entertaining. The versatile floor plan offers flexibility for today's lifestyle. The dedicated den is ideal for a home office, study, or playroom, while the expansive loft provides the perfect space for a media room, game room, fitness area, or additional family gathering space. Every room has been meticulously cared for, making this home truly move-in ready. Step outside and experience the exceptional lifestyle that Ironwood Crossing is known for. Residents enjoy an impressive array of amenities, including a heated community pool, splash pad, parks, pickleball courts, basketball and volleyball courts, disc golf course, scenic walking paths, and multiple playgrounds. Whether you're relaxing with family, staying active, or connecting with neighbors, this vibrant community offers something for everyone. Combining the distinction of a former model home, spacious and functional living areas, tasteful upgrades, and resort-style community amenities, 398 W. Lyle Ave. presents an exceptional opportunity to own one of Ironwood Crossing's standout homes. Come experience the comfort, quality, and lifestyle that make this home truly special. Welcome home!

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 $6,285. 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 feet2,490
Property typeSingle Family
MLS #7043444
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
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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)
$3,072/mo
Source est. payment (PITI)
$3,412/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$6,285

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

$0$6,285
Additional funds needed$0

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