Properties / 20184 E STONECREST Drive
FHA ASSUMABLERate: 5.22%

20184 E STONECREST Drive

$1,550,000
Queen Creek, AZ 85142
6 beds5 baths5,765 sqftSingle Family
The assumable advantage
5.22%
FHA assumed rate
$60,639 interest already paid off
Estimated Loan Balance$288,217
Cash to close$1,262,638
Est. Monthly PITI$2,602
Initial Loan Amount$305,250
Time on site37 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$1,261,783
Cash or secondary financing
Monthly savings
$7,454
Versus today's market rate
Est. savings per year
$89K
Versus today's market rate

About this home

Back on the market! Don't Miss this OPPORTUNITY! You'll LOVE this well-crafted semi-custom home on over 1/2 acre offering private indoor/outdoor Arizona lifestyle w/no backyard neighbors. Impressive single-level design, this beautifully updated home features Living, Family, Game Rm & Theater. Elevated interior features with instant elegance & beautifully remodeled kitchen w/abundant cabinetry & spacious breakfast gathering area. Quiet 2Bd+1Bath basement offers flexibility w/built-in bar Game Rm, HUGE theater plus extra storage. Split 2X2 spacious 4car garages offer flexible parking & storage. Relax & entertain in expansive resort-style yard w/waterfall cave diving pool, spa, swim-up bar, Pergola cvd kitchen, sunken firepit, sport court, in-ground tramp, mature landscaping feels Disneyland! This exceptional semi-custom residence offers a rare combination of generous living space, thoughtful design and impressive indoor-outdoor amenities. The home features primarily single-level living with the added versatility of a finished basement, providing an ideal layout for a variety of needs. With 6 bedrooms, 4.5 bathrooms, a private den, dedicated media room and multiple gathering spaces, there is abundant room for everyday living, entertaining, working from home and hosting overnight guests. The inviting interior begins with a spacious living room and formal dining room, creating an elegant setting for special occasions and holiday gatherings. The comfortable family room serves as the heart of the home and is enhanced by a dramatic beamed ceiling and stacked-stone accented fireplace that adds warmth, texture and architectural character. Upgraded lighting fixtures, wood flooring and tile flooring continue throughout the home, creating a timeless and cohesive look. The remodeled kitchen is designed for both function and connection, offering generous cabinetry, plentiful preparation space and an eat-in dining area for casual meals. Its open relationship to the family room makes it easy to cook, gather and entertain while remaining connected to the main living areas. A convenient tech center provides a dedicated space for homework, household organization, remote work or managing daily appts. The oversized laundry room offers excellent workspace, storage and everyday convenience. The private den provides additional flexibility and may be used as a home office, library, study, quiet retreat or 7th bedroom by adding closet doors to the niche. A separate media room creates the perfect setting for movie nights, sporting events, gaming or relaxing with a favorite show. The expansive primary suite is a true retreat, with space for a sitting area and two walk-in closets offering exceptional storage. The primary bathroom features dual closets and dual vanities plus a separate tub and shower, providing comfort, privacy and room to prepare for the day. Five additional bedrooms and three & a half secondary bathrooms offer flexible accommodations for guests, hobbies, exercise, workspaces or multigenerational living. The finished basement adds another valuable dimension to the floor plan. This adaptable space can accommodate recreation, guest quarters, a game room, fitness area, creative studio or additional entertainment space. The home's 2-and-2 split four-car garage provides substantial parking and storage while allowing convenient access and separation for multiple vehicles, recreational equipment or workshop needs. Outside, the expansive yard has been thoughtfully designed as a private resort for entertaining, recreation and relaxation. The diving pool and spa are complemented by a sunken swim-up bar, creating a memorable setting for poolside refreshments and conversation. Nearby, the sunken firepit area offers an inviting place to gather on cool desert evenings. A private sport court & in-ground trampoline provide space for active recreation, while the large grassy areas offer even more room to enjoy the outdoors. Lush, mature landscaping surrounds the property and enhances the sense of privacy and tranquility. Multiple outdoor destinations make it easy to host large celebrations, enjoy quiet mornings, relax by the water or spend an afternoon playing outside. From the remodeled kitchen and distinctive architectural details to the flexible basement, oversized primary suite, four-car garage and extraordinary backyard, this remarkable home delivers the space, comfort and versatility of a truly special Arizona property.

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $1,261,783. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms6
Bathrooms5
Square feet5,765
Property typeSingle Family
MLS #7062619
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
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)
$1,687/mo
Source est. payment (PITI)
$2,602/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$1,261,783

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

$0$1,261,783
Additional funds needed$0

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