Properties / 728 W MAGENA Drive
VA ASSUMABLERate: 3.05%

728 W MAGENA Drive

$515,000
San Tan Valley, AZ 85140
4 beds3 baths2,315 sqftSingle Family
The assumable advantage
3.05%
VA assumed rate
$72,124 interest already paid off
Estimated Loan Balance$472,467
Cash to close$43,555
Est. Monthly PITI$2,548
Initial Loan Amount$524,000
Time on site14 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$42,533
Cash or secondary financing
Monthly savings
$804
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Single-level living, a private pool, and no rear neighbors: three features that are hard to find together at this price point! This move-in ready, single-story home offers 2,314 square feet with 4 bedrooms, 3 full bathrooms, updated finishes, and a functional floor plan designed for everyday living. Meticulously cared for and thoughtfully updated, this home offers the space, condition, and layout you are looking for. The backyard is a standout feature, backing to a LARGE GREENBELT with no neighbors directly behind, providing added privacy and open views. Whether you're enjoying the pool, entertaining on the patio, or simply relaxing outdoors, it's a setting you'll appreciate year-round. Located in the heart of San Tan Valley, just minutes from Vineyard Towne Center, shopping, dining... grocery stores, parks, walking trails, and highly rated schools, you'll enjoy convenient access to everything you need while still coming home to a quiet neighborhood setting. If you're searching for a 4-bedroom, single-story pool home with 3 full bathrooms, a greenbelt lot, updated finishes, and a location close to Queen Creek amenities, this home checks all the boxes!

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 $42,533. 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 feet2,315
Property typeSingle Family
MLS #7072276
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$2,233/mo
Source est. payment (PITI)
$2,548/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$42,533

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

$0$42,533
Additional funds needed$0

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