Properties / 523 W Aspinwall Street
VA ASSUMABLERate: 7.44%

523 W Aspinwall Street

$199,900
Winslow, AZ 86047
1 beds1 baths sqftSingle Family
The assumable advantage
7.44%
VA assumed rate
$36,249 interest already paid off
Estimated Loan Balance$181,416
Cash to close$19,633
Est. Monthly PITI$1,485
Initial Loan Amount$185,000
Time on site36 days
Remaining Term27 years, 4 months
Seller's equity (what you pay)
$18,484
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

HUGE POTENTIAL ALERT! Bring your imagination, your big ideas, and maybe a friend who watches a little too much HGTV. This beautifully remodeled 1 bed, 1 bath home sits on an oversized corner lot with more possibilities than a small-town diner menu. Want to add a second bedroom? Go for it. Thinking about building another home on the lot and keeping the workshop? Also possible. Want a rental that actually pays you every month instead of the other way around? Even better. Current tenants are already paying 1,400 per month, so the income side is already doing its job. And the house itself? It needs absolutely nothing. The hard work is done. We're talking floor-to-ceiling remodel with new electrical, plumbing, roof, double-pane windows, new A/C, water heater, furnace, and beautiful knotty alder doors throughout. Basically, all the expensive stuff that normally makes buyers sigh loudly during inspections has already been handled. The workshop is ready for projects, hobbies, or that "I swear I'll use it someday" collection of tools we all seem to accumulate. Location? Just a few blocks from the legendary Standin' on the Corner Park attraction. Yes, that corner. You can literally walk over and pretend you're in a song whenever the mood strikes. And let's talk price. Under 200,000. In today's market that almost feels illegal to say out loud. So whether you're looking for a starter home, an investment property, a place with room to expand, or just a reason to tell people you live near the most famous corner in Arizona, this property checks a lot of boxes. Opportunities like this don't come around often... but apparently this one did. Don't miss it.

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 $18,484. 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

Bedrooms1
Bathrooms1
Property typeSingle Family
MLS #203543
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)
$1,295/mo
Source est. payment (PITI)
$1,485/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$18,484

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

$0$18,484
Additional funds needed$0

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