tomo logo

$490,000

Beds
5
Baths
2.5
sq ft
2,688

12056 West Melinda Lane, Sun City, AZ 85373

12056 West Melinda Lane

Sun City, AZ 85373

  • 14 days on market
ASSUMABLE FHA LOAN AT 3.25%! Another financing option is a PREFERRED LENDER TO OFFER 1% INCENTIVE TO BUYER! Not an Age Restricted Community! This spacious 2,688 sq. ft., 5-bedroom, 2-bath home sits on a prime corner lot next to a large greenbelt, walking paths, and a playground. The open floor plan features a nice-sized living room and a kitchen that flows into the family room with wainscoting. The huge primary bedroom boasts a large walk-in closet, and there's plenty of space for everyone! Enjoy the extended patio with pavers and easy access to the 303 freeway. Love adventure? The seller takes his Polaris off-road vehicle to Lake Pleasant in just 20 minutes! Don't miss this rare find in a non-age-restricted community!

Details

Property type

Single Family Residence

Est. home value

$452,430

Lot size

5,592 sq ft

Price per sq ft

$183

Year built

2008

Annual property taxes

$2,358

Monthly HOA fee

$85

Price History

03/19/2025
ArizonaRegional

ArizonaRegional #6837666

Listed
$490,000
+64.98%
11/15/2019
ArizonaRegional

ArizonaRegional #5987267

Sold
$297,000
+25.32%
12/23/2015
ArizonaRegional

ArizonaRegional #5339975

Sold
$237,000

Schools & Community

Elementary school: 

Zuni Hills Elementary School

Middle school: 

Zuni Hills Elementary School

High school: 

Liberty High School

Community features: 

Playground, Sidewalks

High school district: 

Peoria Unified 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

$190,338
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$260,462
Cash to seller
$190,338

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

November 2019

Original loan amount

$291,620

Est. remaining balance

$260,462

Interest rate

3.73%

Loan type

FHA, 30 year

Seller

Nathaniel A Olivas and Robert Olivas

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: 04/02/2025 at 9:40 PM

Listing updated: 03/26/2025 at 7:42 AM

Listed by: Jeff Tessitore, HomeSmart Phone #: (602) 889-2135

MLS: ArizonaRegional #6837666

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