tomo logo

$489,900

Beds
2
Baths
2.5
sq ft
1,615

1311 E Frances Ln, Gilbert, AZ 85295

1311 E Frances Ln

Gilbert, AZ 85295

  • 14 days on market
If your priority is location, this is the one! Located in the Spectrum at Val Vista subdivision, it's within walking distance to San Tan Village & all of the best dining & shopping Gilbert has to offer. The home has been beautifully updated with tile floors & has a great 2 bedroom/2.5-bathroom layout with two separate living spaces. One downstairs living space with a large bedroom & bathroom. The 2nd floor features an additional living room space, gas fireplace, & dining area off the kitchen to entertain guests. The larger owner's suite tops off the 2nd floor with an amazing bathroom remodel. The perfect low-maintenance home with all of the bells & whistles!

Details

Property type

Single Family Residence

Est. home value

$484,785

Lot size

5,062 sq ft

Price per sq ft

$304

Year built

2005

Annual property taxes

$1,354

Monthly HOA fee

$95.5

Price History

06/20/2024
ArizonaRegional

ArizonaRegional #6721565

Listed
$489,900
-1.73%
10/09/2023
ArizonaRegional

ArizonaRegional #6580109

Sold
$498,500
+7.2%
06/01/2022
ArizonaRegional

ArizonaRegional #6386528

Sold
$465,000
+134.85%

Schools & Community

Neighborhood: 

Spectrum

Elementary school: 

Spectrum Elementary

Middle school: 

South Valley Jr. High

High school: 

Campo Verde High School

Community features: 

Playground

High school district: 

Gilbert 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

-$18,709
Asking price
$489,900
Closing costs (~8% of asking)
-$39,192
Est. remaining loan balance
-$469,417
Cash to seller
-$18,709

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

September 2023

Original loan amount

$473,575

Est. remaining balance

$469,417

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Chrystal Jean Mahan

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: 07/04/2024 at 12:45 PM

Listing updated: 07/04/2024 at 10:33 AM

Listed by: Josh M. Underwood, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6721565

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