tomo logo

$245,000

Beds
1
Baths
1.0
sq ft
631

1111 East University Drive Unit 242, Tempe, AZ 85288

1111 East University Drive Unit 242

Tempe, AZ 85288

  • 51 days on market
    • Price drop $5,000↓
This is a one-bedroom condo super close to the ASU Campus. It is freshly painted in neutral colors and ready to move in. The complex has a covered parking spot, pool, and clubhouse to enjoy. Why rent for years while in school when you can own a unit and enjoy the appreciation? Only a few come available in this complex. Appliances are included, and there is even laundry in the unit.

Details

Property type

Condominium

Est. home value

$239,436

Lot size

616 sq ft

Price per sq ft

$389

Year built

1981

Annual property taxes

$968

Monthly HOA fee

$225

Price History

05/31/2024
ArizonaRegional

ArizonaRegional #6704492

Price change
$245,000
-2%
05/12/2024
ArizonaRegional

ArizonaRegional #6704492

Listed
$250,000
+222.58%
12/06/2013
ArizonaRegional

ArizonaRegional #4960781

Sold
$77,500

Schools & Community

Elementary school: 

Cecil Shamley School

Middle school: 

Cecil Shamley School

High school: 

McClintock High School

Community features: 

Clubhouse

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

$179,917
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$45,483
Cash to seller
$179,917

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

December 2013

Original loan amount

$58,125

Est. remaining balance

$45,483

Interest rate

4.28%

Loan type

New Conventional, 30 year

Seller

Vasanth Nandundeswaran and Shweta Shah

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: 07/02/2024 at 4:15 PM

Listing updated: 05/31/2024 at 10:56 AM

Listed by: Doug McVinua, Blue Sky Living, LLC Phone #: (480) 699-7577

MLS: ArizonaRegional #6704492

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