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$449,000

Beds
2
Baths
1.0
sq ft
1,000

1100 North Esther Street, Tempe, AZ 85288

1100 North Esther Street

Tempe, AZ 85288

  • 17 days on market
GREAT INVESTMENT property or a beautiful place to call home! Tons of upside! RARE R-2 ZONING AND PLENTY of land (.22 acres!) to add an Additional Dwelling Unit (ADU) - PLUS opportunity to add more sf to the existing home to increase rents etc., and seller has permits ready to go for an addition. This area is ''HOT'' and growing fast!! This home is 2 bedrooms, 1 bath, plus laundry room/office; carport, and features a huge block fenced backyard and more! This home is currently rented on a month-to-month basis at $ 1,895/mo., and current tenants have been there a few years. Well maintained, remodeled in 2015 with all new interior: flooring, kitchen cabinets/countertops, blinds, plumbing, bathroom, light fixtures and ceiling fans, doors, baseboards, hardware, Trane AC, and more! Location, Location, Location: just 1/2 mile to 202/Scottsdale Rd, less than a mile to Tempe Town Lake, ASU, Hwy 101, and only a few miles to Mill Ave, Old Town Scottsdale, Sky Harbor Airport and more! Mass transit abounds: Orbitz bus, Valley Metro, mini light rail, and Light Rail. The home next door (to the LEFT) is also For Sale - and its address is: 925 E Henry St (see MLS #6790538) and offered as a "package deal (see MLS # 6719590). This home backs up to the commercial corner of Scottsdale Rd and Curry - so possible potential there also... check out the plat! Unique opportunity in a top location. Buyer to verify all facts and figures with city of Tempe etc. Please don't disturb the tenants by walking the lot without permission from agent. THANK YOU!

Details

Property type

Single Family Residence

Est. home value

$318,786

Lot size

9,814 sq ft

Price per sq ft

$449

Year built

1957

Annual property taxes

$807

Price History

12/05/2024
ArizonaRegional

ArizonaRegional #6790517

Listed
$449,000
+461.25%
07/31/2015
ArizonaRegional

ArizonaRegional #5306082

Sold
$80,000

Schools & Community

Neighborhood: 

East Rio

Elementary school: 

Unknown

Middle school: 

Tempe High 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

$150,582
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$262,498
Cash to seller
$150,582

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

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

May 2022

Original loan amount

$274,000

Est. remaining balance

$262,498

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Andrew Vo

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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Status: Active

Tomo last checked: 12/22/2024 at 12:15 PM

Listing updated: 12/05/2024 at 1:20 AM

Listed by: Bruce Swift, Windermere Real Estate & Property Management Phone #: (602) 319-5363

MLS: ArizonaRegional #6790517

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