Properties / 1505 CHATEAU Drive
VA ASSUMABLERate: 6.84%

1505 CHATEAU Drive

$479,000
Cottonwood, AZ 86326
3 beds2 baths1,651 sqftSingle Family
The assumable advantage
6.84%
VA assumed rate
$40,913 interest already paid off
Estimated Loan Balance$475,514
Cash to close$3,047
Est. Monthly PITI$3,417
Initial Loan Amount$481,432
Time on site0 days
Remaining Term28 years, 10 months
Seller's equity (what you pay)
$3,486
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

Move-in ready, this 3-bedroom, 2-bath home offers comfort, style, and smart upgrades in one of Cottonwood's most desirable locations. The open layout features vinyl plank flooring, upgraded carpet, wood shutters, and honeycomb blinds for added efficiency. The kitchen includes granite countertops, soft-close cabinetry, a walk-in pantry, oversized island, upgraded 5-burner gas range, and Tiffany-style lighting. The primary suite offers patio access, dual vanities, tiled walk-in shower, and walk-in closet. Enjoy a tiled covered patio, mature landscaping, planter boxes, and a 2-car garage with overhead storage. Minutes from Old Town Cottonwood, wineries, dining, trails, and more!The Coyote Trail Golf Course is just steps away from your house.

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 $3,486. 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 feet1,651
Property typeSingle Family
MLS #7079589
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)
$3,151/mo
Source est. payment (PITI)
$3,417/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$3,486

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

$0$3,486
Additional funds needed$0

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