Properties / 618 E Piedmont Road
VA ASSUMABLERate: 7.22%

618 E Piedmont Road

$599,000
Phoenix, AZ 85042
4 beds3 baths2,042 sqftSingle Family
The assumable advantage
7.22%
VA assumed rate
$112,745 interest already paid off
Estimated Loan Balance$544,491
Cash to close$55,562
Est. Monthly PITI$4,218
Initial Loan Amount$558,863
Time on site50 days
Remaining Term27 years, 3 months
Seller's equity (what you pay)
$54,509
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

Former Model Home | Over $170,000 in Designer Upgrades | Gated Community Experience the difference of a former model home where every finish, fixture, and detail was thoughtfully selected to showcase the builder's highest level of design. Located within the gated Seasons at Dobbins community, this exceptional 4-bedroom, 3-bath residence with a versatile teen room/flex space offers over $170,000 in premium builder upgrades and is completely move-in ready, without the wait of new construction. Designed for both everyday living and entertaining, the open-concept floor plan is filled with natural light and enhanced by upgraded recessed LED lighting, designer pendants, warm two-tone paint, and carefully curated finishes throughout. At the heart of the home, the gourmet kitchen features rich navy cabinetry with brushed gold hardware, striking Eternal Calacatta Gold quartz countertops, slate GE Profile appliances, a gas cooktop, designer vent hood, oversized single-basin quartz sink, and an expansive island that seamlessly connects the kitchen, dining, and great room. The private primary suite serves as a luxurious retreat with dual walk-in closets, dual quartz vanities, champagne bronze Stryke fixtures, a spacious frameless glass walk-in shower, and designer finishes that create a spa-inspired atmosphere. Secondary bathrooms continue the elevated aesthetic with full-height tiled surrounds, quartz countertops, upgraded fixtures, and comfort-height toilets. The spacious teen room offers exceptional flexibility and can easily function as a media room, home office, game room, fitness space, or children's retreat depending on your lifestyle. Step outside to a professionally designed backyard featuring upgraded paver hardscaping, lush model-home landscaping, and a tranquil custom water feature that creates the perfect setting for relaxing evenings or entertaining guests. Additional upgrades include a smart home security system with cameras and DVR, soft water and reverse osmosis pre-plumbing, upper laundry room cabinetry with washer and dryer included, designer matte black hardware, an upgraded 8-foot garage door, and energy-efficient construction designed for long-term comfort and savings. Ideally situated near South Mountain Preserve, the Loop 202, Phoenix Sky Harbor Airport, Downtown Phoenix, Arizona State University, shopping, dining, golf, and miles of hiking and biking trails, this home offers an outstanding combination of luxury, convenience, and accessibility. Skip the construction timeline and enjoy the advantages of a professionally designed former model where every upgrade has already been completed. Homes of this caliber rarely become available.

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 $54,509. 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 feet2,042
Property typeSingle Family
MLS #7055597
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)
$3,812/mo
Source est. payment (PITI)
$4,218/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$54,509

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

$0$54,509
Additional funds needed$0

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