tomo logo

$540,000

Beds
4
Baths
3.0
sq ft
1,755

1408 West 7th Street, Tempe, AZ 85281

1408 West 7th Street

Tempe, AZ 85281

  • 296 days on market
    • Price drop $10,000↓
Welcome to your beautiful Tempe Oasis! This stunning home minutes from ASU offers modern ambiance with lots of natural light. The functional layout boasts 4 bedrooms and 3 bathrooms which is perfect for a growing family or investment property! Currently a profitable Airbnb. Luxury wood floors throughout. Can use the 5th room as an office or separate living area if desired (there is a locking door that leads to the exterior). The true highlight is the resort-style backyard which is perfect for entertaining or enjoying the Arizona sunshine! New artificial turf, mini-split A/C units and NEST thermostats installed in 2022. Conveniently located near Mill Avenue, Sky Harbor Airport (3 miles) & a short drive to South Mountain Preserve!

Details

Property type

Single Family Residence

Est. home value

$520,987

Lot size

6,103 sq ft

Price per sq ft

$308

Year built

1961

Annual property taxes

$1,467

HOA

No

Price History

04/01/2025
ArizonaRegional

ArizonaRegional #6717564

Listed
$540,000
02/26/2025
ArizonaRegional

ArizonaRegional #6717564

Removed
$540,000
02/04/2025
ArizonaRegional

ArizonaRegional #6717564

Price change
$540,000
-1.82%

Schools & Community

Neighborhood: 

Lindon Park

Elementary school: 

Scales Technology Academy

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

High school district: 

Tempe 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

-$13,662
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$510,462
Cash to seller
-$13,662

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2022

Original loan amount

$532,000

Est. remaining balance

$510,462

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Daniel Kainoa Scheer

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: 04/04/2025 at 2:15 AM

Listing updated: 04/01/2025 at 3:41 PM

Listed by: Taylor Kudell, West USA Realty Phone #: (602) 942-4200

MLS: ArizonaRegional #6717564

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