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$290,000

Beds
2
Baths
2.5
sq ft
1,140

12851 North Mimosa Drive Unit 101, Fountain Hills, AZ 85268

12851 North Mimosa Drive Unit 101

Fountain Hills, AZ 85268

  • 111 days on market
    • Price drop $5,000↓
SELLER IS MOTIVATED FOR A QUICK SALE! This end unit townhouse in a private 4-unit complex is close to downtown, Avenue of the Fountains shops, restaurants and Fountain Lake and offers Arizona charm. The great room has a wood burning fireplace and warm southwest colors throughout. Kitchen includes newer stainless steel appliances, granite countertop and large split basin sink with an RO system. Newer HVAC with smart thermostat and newer water heater. Both upstairs ensuite bedrooms have charming updated bathrooms. Powder room and laundry room on main floor. Private 2nd floor balcony has incredible views of the surrounding mountains and the fountain. The complex's commercial sized heated swimming pool and hot tub are steps away from the private patio.

Details

Property type

Condominium

Est. home value

$299,454

Lot size

0.28 acres

Price per sq ft

$255

Year built

1985

Annual property taxes

$692

Monthly HOA fee

$350

Price History

01/31/2025
ArizonaRegional

ArizonaRegional #6783047

Price change
$290,000
-3.3%
01/12/2025
ArizonaRegional

ArizonaRegional #6783047

Price change
$299,900
-4.79%
01/06/2025
ArizonaRegional

ArizonaRegional #6783047

Price change
$315,000
-3.08%

Schools & Community

Elementary school: 

McDowell Mountain Elementary School

Middle school: 

Fountain Hills Middle School

High school: 

Fountain Hills High School

Community features: 

Pool

High school district: 

Fountain Hills Unified 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

$39,512
Asking price
$290,000
Closing costs (~8% of asking)
-$23,200
Est. remaining loan balance
-$227,288
Cash to seller
$39,512

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

April 2023

Original loan amount

$232,800

Est. remaining balance

$227,288

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Erik Ward Hansen and Kelly Strand

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: 03/04/2025 at 12:50 AM

Listing updated: 02/01/2025 at 2:29 AM

Listed by: Stewart Larsen, The Larsen Company Real Estate and Auctions Phone #: (480) 844-1221

MLS: ArizonaRegional #6783047

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