tomo logo

$450,000

Beds
3
Baths
2.0
sq ft
1,238

1108 North Esther Street, Tempe, AZ 85288

1108 North Esther Street

Tempe, AZ 85288

  • 11 days on market
    • Price drop $30,000↓
Welcome to Tempe! This updated gem, refreshed in 2020, boasts modern amenities including a gas range. Zoned R-2 multi-family and proven in performance, it has excelled as both a long-term and short-term rental. Ideal for investors or those seeking a move-in-ready home. Just minutes from both Old Town Scottsdale and ASU main campus you cannot beat this location!

Details

Property type

Single Family Residence

Est. home value

$419,126

Lot size

7,318 sq ft

Price per sq ft

$364

Year built

1950

Annual property taxes

$1,427

Price History

09/09/2024
ArizonaRegional

ArizonaRegional #6753002

Price change
$450,000
-6.25%
09/05/2024
ArizonaRegional

ArizonaRegional #6753002

Listed
$480,000
+42.64%
02/17/2021
ArizonaRegional

ArizonaRegional #6158474

Sold
$336,500

Schools & Community

Neighborhood: 

East Rio

Elementary school: 

Cecil Shamley School

Middle school: 

Cecil Shamley 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

$110,627
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$303,373
Cash to seller
$110,627

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

February 2021

Original loan amount

$330,404

Est. remaining balance

$303,373

Interest rate

2.67%

Loan type

FHA, 30 year

Seller

Joseph Mckenna

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$419,000
3 bd
|
2 ba
|
1,236 sq ft
|
House

1118 North Harold Street, Tempe, AZ 85288

Price drop
ArizonaRegional
$470,000
3 bd
|
2 ba
|
1,092 sq ft
|
House

440 East Mckinley Street, Tempe, AZ 85288

Price drop
ArizonaRegional
$475,000
3 bd
|
2 ba
|
1,400 sq ft
|
House

1243 East Susan Lane, Tempe, AZ 85288

Status: Active

Tomo last checked: 09/16/2024 at 1:25 PM

Listing updated: 09/09/2024 at 4:19 PM

Listed by: McKenna Harris, The Brokery Phone #: (480) 392-9407

MLS: ArizonaRegional #6753002

ArizonaRegional logo

Recently listed in Tempe