Properties / 26712 S 198TH Street
VA ASSUMABLERate: 2.88%

26712 S 198TH Street

$759,999
Queen Creek, AZ 85142
4 beds2 baths2,035 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$74,849 interest already paid off
Estimated Loan Balance$524,252
Cash to close$242,604
Est. Monthly PITI$2,863
Initial Loan Amount$576,712
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$235,747
Cash or secondary financing
Monthly savings
$2,051
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Welcome to your private equestrian retreat in the heart of Queen Creek. Situated on a full acre with no HOA, this beautifully updated 4-bedroom, 2-bathroom home delivers the rare combination of wide-open acreage, turn-key interiors, and serious horse infrastructure, all minutes from town. Step inside to find a spacious open layout anchored by a large open kitchen featuring white cabinetry, stainless steel appliances, a tile backsplash, and a generous breakfast bar that flows seamlessly into the dining area and family room. Vaulted ceilings, modern ceiling fans, and an abundance of natural light give the living spaces a clean, contemporary feel throughout. The primary suite offers a true escape with sliding glass door access to the covered patio and backyard beyond. The ensuite bathroom has been fully remodeled with a show-stopping design, floor-to-ceiling hexagonal tile, a freestanding soaking tub, frameless glass walk-in shower with rain head, floating dual-vanity with LED-lit mirrors, matte black fixtures, and a crystal chandelier. It's a spa-level finish you rarely see at this price point. Step outside and the property opens up. A large extended patio with a custom pergola and built-in fire pit creates the perfect space for entertaining under the Arizona sky. Beyond the patio, the acreage is fully set up for horses with a professionally graded arena, covered stalls with fans, and pipe fencing throughout. A detached outbuilding with a roll-up garage door, HVAC ductwork, and Tyvek-wrapped framing offers flexible use as a workshop, toy barn, or future finished space. A dedicated laundry room with Samsung stacked units and built-in cabinetry rounds out the functional details. Mountain views frame the entire back half of the property, and with no HOA restrictions, the possibilities here are wide open. Whether you're an equestrian, a hobbyist who needs shop space, or simply someone who wants room to breathe, this one checks every box.

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 $235,747. 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
Bathrooms2
Square feet2,035
Property typeSingle Family
MLS #6999825
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)
$2,431/mo
Source est. payment (PITI)
$2,863/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$235,747

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

$0$235,747
Additional funds needed$0

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