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$600,000

Beds
3
Baths
1.0
sq ft
1,409

1015 South Farmer Avenue, Tempe, AZ 85281

1015 South Farmer Avenue

Tempe, AZ 85281

  • <1 day on market
**This lot is being sold along with 1021, 1027, & 1031 S Farmer Ave Tempe, AZ 85281** Extremely Rare Tempe Redevelopment Opportunity! ± 28,500 SF of Land Zoned R-3 (Tempe), allowing Medium Density Multifamily Development by right. Situated 0.2 miles from ASU Main Campus; this is one of the largest sites not spoken for in this prime submarket. Please reach out for additional information.

Details

Property type

Single Family Residence

Est. home value

$526,218

Lot size

7,125 sq ft

Price per sq ft

$426

Year built

1930

Annual property taxes

$2,009.3

Price History

11/08/2024
ArizonaRegional

ArizonaRegional #6781794

Listed
$600,000
+64.38%
12/03/2019
ArizonaRegional

ArizonaRegional #5987880

Sold
$365,000

Schools & Community

Neighborhood: 

Mitchell Park East

Elementary school: 

Holdeman Elementary School

Middle school: 

Geneva Epps Mosley 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

$305,161
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$246,839
Cash to seller
$305,161

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

December 2019

Original loan amount

$273,750

Est. remaining balance

$246,839

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Joseph Leroy Livingston and Robert Brian Spear

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: 11/08/2024 at 7:15 PM

Listing updated: 11/08/2024 at 3:45 PM

Listed by: Olivia Guza, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6781794

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