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$465,000

Beds
2
Baths
1.0
sq ft
825

1201 East Mckinley Street, Phoenix, AZ 85006

1201 East Mckinley Street

Phoenix, AZ 85006

  • 26 days on market
This completely renovated 1921 Spanish inspired home invites you in to enjoy Downtown Phoenix. Great Opportunity in the Historic Garfield District. This Move in Ready home features 2 bedrooms 1 bathroom and sits on only 1/3 of its 6,976 sq.ft. lot. This unique infill parcel is Zoned R-3 supporting alternate living styles including rental, condominiums, and single ownership of land with multiple units thereon or single or attached townhomes. Home is located within mile of ASU and U of A medical school, Banner - University Medical Center Phoenix, art corridor, museums, stadiums, entertainment, dining, hotels, convention center, and just steps away from the coveted Roosevelt Row Arts District. Great rental or vacation rental.

Details

Property type

Single Family Residence

Est. home value

$392,357

Lot size

6,976 sq ft

Price per sq ft

$564

Year built

1921

Annual property taxes

$1,446

Price History

06/07/2024
ArizonaRegional

ArizonaRegional #6715632

Listed
$465,000
+9.41%
05/13/2022
ArizonaRegional

ArizonaRegional #6355313

Sold
$425,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Garfield School

Middle school: 

Phoenix Prep Academy

High school: 

North High School

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

$81,864
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$345,936
Cash to seller
$81,864

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

April 2022

Original loan amount

$361,250

Est. remaining balance

$345,936

Interest rate

3.85%

Loan type

New Conventional, 29 year

Seller

Andres Magdalano

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 5:30 PM

Listing updated: 07/02/2024 at 3:23 PM

Listed by: Dana Lindebak, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6715632

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