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$1,490,000

Beds
6
Baths
4.5
sq ft
4,186

1004 East Tempe Drive, Tempe, AZ 85288

1004 East Tempe Drive

Tempe, AZ 85281

  • 22 days on market
    • Price drop $60,000↓
Perfect opportunity for luxury living or investment property in the heart of Tempe. Where luxury meets convenience in this stunning 6-bedroom, 4.5-bathroom home boasts an impressive 4,186 square feet of living space with plenty of space to entertain, 2 master suites and 2 kitchens. Sold fully furnished and move-in ready. Step outside and be greeted by a private paradise. The meticulously landscaped outdoor space features a brand new sparkling pool, perfect for those scorching Arizona days or heat it up during the cold season. But why stop there? Ascend to the rooftop deck and take in breathtaking views of the surrounding area - it's the ideal spot for stargazing or entertaining friends. Location is key, and this home delivers. Just minutes away from ASU, Tempe Town Lake, and Scottsdale, you'll find endless opportunities for recreation. Currently run as a successful AirBnb, this is an investors dream. Could be rented as is or converted to 2 separate housing units for additional revenue as there are already separate entrances, seperate kitchens, laundry's, etc. so you would just need close in one small wall upstairs. Since it comes fully furnished it could be up and running in no time. Owner can provide proof of rental income upon request.

Details

Property type

Single Family Residence

Est. home value

$787,456

Lot size

7,614 sq ft

Price per sq ft

$356

Year built

2008

Annual property taxes

$2,617

Price History

10/31/2024
ArizonaRegional

ArizonaRegional #6774897

Price change
$1,490,000
-3.87%
10/23/2024
ArizonaRegional

ArizonaRegional #6774897

Listed
$1,550,000
+190.26%
10/08/2019
ArizonaRegional

ArizonaRegional #5960702

Sold
$534,000

Schools & Community

Neighborhood: 

East Rio

Elementary school: 

Cecil Shamley 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

$1,011,497
Asking price
$1,490,000
Closing costs (~8% of asking)
-$119,200
Est. remaining loan balance
-$359,303
Cash to seller
$1,011,497

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2019

Original loan amount

$400,500

Est. remaining balance

$359,303

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Douglas E Brown and Cindy G Brown

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: 11/14/2024 at 10:00 PM

Listing updated: 10/31/2024 at 9:50 AM

Listed by: Adam Poston, Landmark Homes, L.L.C. Phone #: (928) 337-4815

MLS: ArizonaRegional #6774897

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