tomo logo

$800,000

Beds
3
Baths
2.0
sq ft
2,301

114 West Adams Street Unit 808, Phoenix, AZ 85003

114 West Adams Street Unit 808

Phoenix, AZ 85003

  • 90 days on market
Welcome to the second-largest home at historic Orpheum Lofts, the only full-service, pre-war condominium in Phoenix! 808 boasts an open kitchen/living/dining space, illuminated by 8 windows that allow for captivating views of Downtown Phoenix and South Mountain. 10'8'' ceilings with concrete beams and exposed brick walls. Viking oven, LG smart appliances, Empava induction stove, and Lutron smart home enabled. Three split bedrooms, two dens/offices, and two full bathrooms. Orpheum Lofts was originally built in 1931 as the Title and Trust building. Today, it's a full-service residential building with key-locked elevators, attended lobby, outdoor terrace, gym, and pool. Two storage units available. Walking distance to the light rail, Wren & Wolf, Footprint Center, & more!

Details

Property type

Condominium

Est. home value

$630,861

Lot size

1,289 sq ft

Price per sq ft

$348

Year built

2005

Annual property taxes

$1,525

Monthly HOA fee

$1,933.12

Price History

09/23/2024
ArizonaRegional

ArizonaRegional #6760802

Listed
$800,000
+25.98%
04/17/2023
ArizonaRegional

ArizonaRegional #6525361

Sold
$635,000
+0.79%
01/03/2020
ArizonaRegional

ArizonaRegional #5977824

Sold
$630,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Kenilworth Elementary School

Middle school: 

Kenilworth Elementary School

High school: 

Central High School

Community features: 

Fitness Center, Pool

High school district: 

Phoenix 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

$490,760
Asking price
$800,000
Closing costs (~8% of asking)
-$64,000
Est. remaining loan balance
-$245,240
Cash to seller
$490,760

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2023

Original loan amount

$250,000

Est. remaining balance

$245,240

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Jared W Alessandroni

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: 12/22/2024 at 9:35 AM

Listing updated: 12/15/2024 at 12:46 AM

Listed by: Nicholas El-Tawil, T&T Phone #: (602) 821-7324

MLS: ArizonaRegional #6760802

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