Properties / 31876 N LARKSPUR Drive
VA ASSUMABLERate: 2.96%

31876 N LARKSPUR Drive

$425,000
San Tan Valley, AZ 85143
2 beds2 baths1,765 sqftSingle Family
The assumable advantage
2.96%
VA assumed rate
$48,033 interest already paid off
Estimated Loan Balance$296,725
Cash to close$129,602
Est. Monthly PITI$1,620
Initial Loan Amount$332,500
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$128,275
Cash or secondary financing
Monthly savings
$1,102
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Welcome to Solera at Johnson Ranch, one of San Tan Valley's most sought-after 55+ active adult communities, nestled against the breathtaking San Tan Mountains. This beautifully maintained home offers stunning mountain views, low-maintenance landscaping, and the perfect blend of comfort and convenience. Featuring 2 bedrooms, 2 bathrooms, and a dedicated office/den, this home boasts an open-concept floor plan with a spacious kitchen flowing seamlessly into the living area--ideal for entertaining or simply enjoying everyday living. The oversized garage provides ample space for two vehicles plus a golf cart, offering the storage and flexibility active homeowners appreciate. Residents of Solera enjoy an exceptional lifestyle with access to private golf, a resort-style pool, fitness center clubhouse, library, day spa, salon/barber shop, restaurant, social clubs, classes, and a full calendar of activities. A/C Updated 2019, wood laminate flooring installed 2021, new water heater 2026. Freshly painted interior, exterior and backyard wall. Conveniently located just 15 minutes from the nearest hospital, 20 minutes from downtown Queen Creek's shopping, dining, and entertainment, and only 30 minutes from Mesa Gateway Airport. Whether you're seeking an active lifestyle or a peaceful retreat, this home offers the best of both worlds in a quiet, scenic setting.

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 $128,275. 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

Bedrooms2
Bathrooms2
Square feet1,765
Property typeSingle Family
MLS #7046012
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)
$1,404/mo
Source est. payment (PITI)
$1,620/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$128,275

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

$0$128,275
Additional funds needed$0

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