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$835,000

Beds
3
Baths
2.0
sq ft
2,041

1102 East Brown Street, Phoenix, AZ 85020

1102 East Brown Street

Phoenix, AZ 85020

  • 35 days on market
    • Price drop $15,000↓
Prepare to be blown away by this rare opportunity! Whether you are a house hacker, investor, or multi generational household THIS is the property for you. Centrally located in Phoenix, sitting on over 1/2 an acre surrounded by mountain views, you have 3 separate units boasting a total of over 2,561sf of livable space. All units are on their own electric meters complete with full kitchens, full bathrooms and laundry, a gorgeous new pool and spa, a temperature controlled 1 car garage workshop/she-shed, 4 car garage/large shop, multiple RV gates and ample covered and uncovered parking. First, you'll be impressed with the fully updated 1,184sf main house that is both modern and functional. It offers 2 bedrooms plus a bonus room in the master, and 2 full bathrooms. It features an open floor plan with a gorgeous recently remodeled kitchen boasting rustic alder cabinets, granite countertops, a decorative backsplash, floating shelves, large island, and stainless steel appliances. The master suite contains a bonus room that can be used as a large walk-in closet, nursery and/or office. The master bath is newly renovated with a private walk in tiled shower, double sinks, and granite counters. The home also has new neutral paint, new LVP flooring throughout, new fixtures, new metal roof, newer HVAC/ductwork, new PEX plumbing, tankless water heater, 13" blown in insulation and new electrical. The backyard is your own private oasis with a new large sparkling pool featuring beautiful stacked stone water features, a large retractable pool shade, and easy cleaning with pentair pump and filtration. Indulge in the luxury of a 5-person Catalina spa and entertain guests in the sizable gazebo equipped with a built-in BBQ and professional-grade mister system. Both front and backyards are hassle-free with artificial turf and auto timers, complemented by the benefit of low electric bills courtesy of owned solar panels. **Solar to be fully paid off at COE with a full price offer. The spacious 857-square-foot guest house, thoughtfully updated, features oak cabinets, stainless steel appliances, granite countertops throughout-including the bathroom, and LVP flooring. Complete with a full kitchen, bathroom, and laundry hook-ups, plus a new electric water heater, this space brims with versatility. Here, 36" doors and shower bars offer additional accessibility. Ideal as a mother-in-law suite or a charming primary residence with the option to rent out the main house for a larger income opportunity. Enjoy a semi-private outdoor area perfect for outdoor lounging and dining. The 522-square-foot man-cave/studio exudes industrial charm, featuring a full kitchen with oak cabinets and granite counters, sleek epoxy floors, a comfortable living area, and a full bathroom with a tiled shower and laundry hook-up. This versatile space is ideal as a mother-in-law suite or a dynamic game/entertainment area with the garage door fully opening to seamlessly blend indoor and outdoor spaces. Enjoy the convenience of a brand new mini split heating and cooling system and new electric water heater. The she-shed encompasses 216sf of partially finished garage space, equipped with a window AC unit, a service door, and complete with water, sewer, and electric. Adjacent is an additional 4-car garage, independently metered from the other units for electric, presenting limitless possibilities. Remove the central wall to transform it into another 667 sf studio space, or maintain its current configuration for storage/garage units, potentially generating extra income. Alternatively, utilize the space for storing vehicles and equipment, or as a workshop. Featuring upgraded electrical systems, a new metal roof with spray foam insulation, and the readiness for additional water and sewer connections to the garage, this space is primed for diverse uses. Investors have ample opportunity to innovate on this property, as the sellers have initiated the re-zoning process for potential multi

Details

Property type

Single Family Residence

Est. home value

$472,350

Lot size

0.61 acres

Price per sq ft

$410

Year built

1945

Annual property taxes

$2,054.08

Price History

06/27/2024
ArizonaRegional

ArizonaRegional #6701092

Price change
$835,000
-1.76%
05/30/2024
ArizonaRegional

ArizonaRegional #6701092

Listed
$850,000
+372.22%
05/05/2016
ArizonaRegional

ArizonaRegional #5397062

Sold
$180,000

Schools & Community

Neighborhood: 

North Mountain

Elementary school: 

Sunnyslope Elementary School

Middle school: 

Royal Palm Middle School

High school: 

Sunnyslope High School

High school district: 

Glendale Union High School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nova Financial & Investment Corp

Loan start date

September 2020

Original loan amount

$168,700

Est. remaining balance

$143,991

Interest rate

2.88%

Loan type

New Conventional, 20 year

Seller

Gregory V Ferguson

Lender

Nova Financial & Investment Corp

Loan start date

January 2020

Original loan amount

$170,900

Est. remaining balance

$143,103

Interest rate

3.66%

Loan type

New Conventional, 20 year

Seller

Gregory V Ferguson

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2016

Original loan amount

$171,000

Est. remaining balance

$141,443

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Gregory V Ferguson

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: 07/04/2024 at 11:10 AM

Listing updated: 06/27/2024 at 2:13 PM

Listed by: Crystal Novak, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6701092

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