Properties / 7002 E ASTER Drive
VA ASSUMABLERate: 6.22%

7002 E ASTER Drive

$3,599,000
Scottsdale, AZ 85254
7 beds6 baths6,945 sqftSingle Family
The assumable advantage
6.22%
VA assumed rate
$106,312 interest already paid off
Estimated Loan Balance$2,056,058
Cash to close$1,555,016
Est. Monthly PITI$13,424
Initial Loan Amount$2,060,000
Time on site50 days
Remaining Term29 years, 3 months
Seller's equity (what you pay)
$1,542,942
Cash or secondary financing
Monthly savings
$8,494
Versus today's market rate
Est. savings per year
$102K
Versus today's market rate

About this home

Plenty of room for the whole family! This Santa Barbara-style estate offers tons of space and charm - conveniently located just minutes to Old Town or Kierland/ SQ. Situated on a prime corner lot, this 7-bedroom, 6-bath, 6,945 sq ft residence features arched doorways, soaring ceilings, and rich traditional details throughout. Designed with multiple living areas, wet bars, and an in-home theater, this residence comfortably accommodates a large family or multi-generational living. The expanded primary suite is a true retreat with dual wings - one offers a custom walk-in closet with washer/dryer, soaking tub, dual vanities, and a private bidet room. The other wing includes a massive steam shower, bidet, wet bar, walk-in closet, and a private office/lounge with direct backyard access. The open-concept main living room with fireplace flows into a charming breakfast nook and formal dining room with exposed beams, while the chef's kitchen offers a Sub-Zero refrigerator, double ovens, gas cooktop and pot filler. Home gym/ Bedroom 7 can easily be converted to additional 2-car garage, if desired. Outside you will find a resort-style backyard oasis, complete with a diving pool, fire pit, Alfa pizza oven, outdoor kitchen, above-ground spa, lush landscaping, synthetic turf, multiple covered patios, and a ½ basketball court - all perfect for play and entertaining year-round. Ideally located near freeways, schools and premier shopping/dining, this exceptional estate offers the perfect blend of space, privacy, comfort and sophistication.

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 $1,542,942. 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

Bedrooms7
Bathrooms6
Square feet6,945
Property typeSingle Family
MLS #6988571
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)
$12,731/mo
Source est. payment (PITI)
$13,424/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$1,542,942

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

$0$1,542,942
Additional funds needed$0

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