tomo logo

$575,000

Beds
5
Baths
3.0
sq ft
2,122

1 West Fairmont Drive, Tempe, AZ 85282

1 West Fairmont Drive

Tempe, AZ 85282

  • 80 days on market
    • Price drop $15,000↓
Nestled in the heart of Tempe, just off Mill Avenue, stands a charming 4-bedroom home boasting both convenience and versatility. This inviting residence offers spacious living areas ideal for families or savvy investors seeking rental income. The highlight? An attached 5th bedroom with a separate entrance and bath, perfect for guests, tenants, or a home office. With its prime location and flexible layout, this property promises endless possibilities, whether as a cherished primary home or a lucrative investment opportunity.

Details

Property type

Single Family Residence

Est. home value

$559,578

Lot size

7,762 sq ft

Price per sq ft

$271

Year built

1961

Annual property taxes

$1,984

Price History

05/13/2024
ArizonaRegional

ArizonaRegional #6691980

Price change
$575,000
-2.54%
04/15/2024
ArizonaRegional

ArizonaRegional #6691980

Listed
$590,000
+10.28%
07/23/2021
ArizonaRegional

ArizonaRegional #6256797

Sold
$535,000

Schools & Community

Elementary school: 

Broadmor Elementary School

Middle school: 

Connolly Middle School

High school: 

Tempe High School

High school district: 

Tempe 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

$416,581
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$112,419
Cash to seller
$416,581

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

Seller’s Loan History

Lender

Primelending

Loan start date

July 2021

Original loan amount

$120,000

Est. remaining balance

$112,419

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Michael Brian Ethridge and Linda Caric Ethridge

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?

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607 East Manhatton Drive, Tempe, AZ 85282

Status: Active

Tomo last checked: 07/04/2024 at 7:50 PM

Listing updated: 05/13/2024 at 2:27 PM

Listed by: Heather M Mahmood-Corley, Redfin Corporation Phone #: (602) 483-4919

MLS: ArizonaRegional #6691980

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