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$550,000

Beds
2
Baths
2.0
sq ft
1,089

1 East Lexington Avenue Unit 1211, Phoenix, AZ 85012

1 East Lexington Avenue Unit 1211

Phoenix, AZ 85012

  • <1 day on market
A spectacular opportunity in one of downtown Phoenix's premier buildings. One Lexington stands apart with the amenities of a secure luxury property. It includes concierge services, meeting and entertaining spaces, an expansive outdoor pool area, and a friendly dog park. This upper-level two-bedroom split floorplan has two full bathrooms, two dedicated parking spaces, and views! Located along the light rail, enjoy the convenience of urban living peacefully above the traffic and noise of the day. The 12th-floor view faces south, overlooking the resort pool below. Floor-to-ceiling glass doors and windows offer a contemporary appeal and match interior styling. Flat panel kitchen cabinets, stainless appliances, elevated loft ceilings, and wood floors. If you want to live in the city, give yourself a beautiful horizon to watch. Furnishings also are available separately.

Details

Property type

Condominium

Est. home value

$501,517

Lot size

1,049 sq ft

Price per sq ft

$506

Year built

1974

Annual property taxes

$3,381

Monthly HOA fee

$768.25

Price History

02/21/2025
ArizonaRegional

ArizonaRegional #6824375

Listed
$550,000
+2.8%
05/09/2022
ArizonaRegional

ArizonaRegional #6379994

Sold
$535,000
+81.36%
04/20/2018
ArizonaRegional

ArizonaRegional #5720065

Sold
$295,000
-2.96%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Encanto School

Middle school: 

Clarendon School

High school: 

Central High School

Community features: 

Gated, Clubhouse, Fitness Center, Pool

High school district: 

Phoenix Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$159,786
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$346,214
Cash to seller
$159,786

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2022

Original loan amount

$364,000

Est. remaining balance

$346,214

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Samuel Segall

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 11:25 AM

Listing updated: 02/21/2025 at 2:25 PM

Listed by: Randy L Hinkle, Realty Executives Phone #: (480) 948-9450

MLS: ArizonaRegional #6824375

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