tomo logo

$545,000

Beds
2
Baths
2.0
sq ft
1,261

1 East Lexington Avenue Unit 701, Phoenix, AZ 85012

1 East Lexington Avenue Unit 701

Phoenix, AZ 85012

  • 120 days on market
    • Price drop $10,000↓
Luxury Resort Urban Living in the heart of MIdtown. One Lexington offers unparalleled city light views along with mountain views. The buildings construction of concrete & steel gives residents unique advantages over other condos in Midtown Phoenix. Including easier cooling in the summer and more effective heating in the winter. This well maintained community features a gorgeous heated salt water pool & spa with plenty of seating and cabanas. Enjoy nights by the fire pit with the ambiance of string lights. An exceptional workout facility located on-site. Have larger parties in the 24/7 Lounge and meetings in the beautiful Conference Room. This home features exposed ductwork, 11-foot ceilings & stunning modern finishes throughout. The concierge service and security give peace of mind

Details

Property type

Condominium

Est. home value

$490,556

Lot size

1,238 sq ft

Price per sq ft

$433

Year built

2008

Annual property taxes

$3,278

Monthly HOA fee

$920.85

Price History

07/10/2024
ArizonaRegional

ArizonaRegional #6710948

Listed
$545,000
07/02/2024
ArizonaRegional

ArizonaRegional #6710948

Removed
$545,000
06/20/2024
ArizonaRegional

ArizonaRegional #6710948

Price change
$545,000
-1.8%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Clarendon School

Middle school: 

Osborn Middle School

High school: 

Central High School

Community features: 

Clubhouse, Fitness Center

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

$15,849
Asking price
$545,000
Closing costs (~8% of asking)
-$43,600
Est. remaining loan balance
-$485,551
Cash to seller
$15,849

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

Seller’s Loan History

Lender

Central Trust Bank

Loan start date

May 2022

Original loan amount

$504,400

Est. remaining balance

$485,551

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Sasha Andersen and Jeff Ginbey

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: 10/05/2024 at 3:30 PM

Listing updated: 09/24/2024 at 3:09 PM

Listed by: Diana Thornton, Keller Williams Arizona Realty Phone #: (480) 767-3000

MLS: ArizonaRegional #6710948

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