tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,404

1111 West University Drive Unit 1017, Tempe, AZ 85281

1111 West University Drive Unit 1017

Tempe, AZ 85281

  • 2 days on market
Highly upgraded/ remodeled Modern Loft by notable Phoenix Designer in the famed Will Bruder Vale community. 2 bedrooms and baths and a Loft flex space. This is one of the coolest Lofts in Tempe! Features soaring vaulted ceilings, new tile flooring throughout, new designer lighting and fixtures throughout, brand new kitchen with walnut cabinets and a black Smeg refrigerator, new appliances. New bathroom showers and vanities, tile and fixtures and steel Loft railing, steel staircase. Entire Loft was remodeled. The Vale is on University less than a mile from Mill Ave restaurants and Downtown Tempe/ ASU, bike-able. 2 assigned parking spaces underground.

Details

Property type

Condominium

Est. home value

$459,385

Lot size

90 sq ft

Price per sq ft

$374

Year built

2005

Annual property taxes

$1,886

Monthly HOA fee

$498

Price History

01/03/2025
ArizonaRegional

ArizonaRegional #6799778

Listed
$525,000
+9.38%
05/02/2022
ArizonaRegional

ArizonaRegional #6376289

Sold
$480,000
+69.01%
06/08/2020
ArizonaRegional

ArizonaRegional #6054344

Sold
$284,000

Schools & Community

Neighborhood: 

Gililland

Elementary school: 

Holdeman Elementary School

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

Community features: 

Gated, Clubhouse, Pool

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

$118,117
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$364,883
Cash to seller
$118,117

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

April 2022

Original loan amount

$384,000

Est. remaining balance

$364,883

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Scott Schmelder and Christopher A Dangerfield

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: 01/06/2025 at 6:10 AM

Listing updated: 01/03/2025 at 3:20 PM

Listed by: Joel Contreras, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6799778

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