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$499,900

Beds
3
Baths
2.5
sq ft
1,755

1431 East Cathedral Rock Drive, Phoenix, AZ 85048

1431 East Cathedral Rock Drive

Phoenix, AZ 85048

  • 45 days on market
    • Price drop $19,100↓
*** 4th OF JULY INDEPENDENCE DAY PRICE DROP*** 4.875% Assumable loan. Adorable Ahwatukee home and floor plan in this perfect starter or investment property located in the highly desirable Foothills. Located at the base of South Mountain, this charmer offers peaceful mountain views in the front and breathtaking sunrises from the upstairs master bedroom balcony in the back. With soaring ceilings, this home is open yet cozy with sunken living and family rooms, dining area, and powder room, that are all tied together by the kitchen. Come give this adorable home the love and updating that it deserves. New exterior paint, new master bathroom shower, and fully remodeled guest bath. Make this your first home, or make it an income generating property as a long term or vacation rental Upstairs you will find three spacious bedrooms, two full baths, and what we all want with a two story home, an upstairs laundry room! The exterior of the home has been freshley painted. Investors and cash buyers welcome!

Details

Property type

Single Family Residence

Est. home value

$476,853

Property condition

Fixer

Lot size

3,959 sq ft

Price per sq ft

$285

Year built

1995

Annual property taxes

$1,937

HOA fee

$210

Price History

07/02/2024
ArizonaRegional

ArizonaRegional #6702059

Price change
$499,900
-3.68%
06/11/2024
ArizonaRegional

ArizonaRegional #6702059

Price change
$519,000
-1.14%
05/20/2024
ArizonaRegional

ArizonaRegional #6702059

Listed
$525,000

Schools & Community

Neighborhood: 

Ahwatukee Foothills

Elementary school: 

Other

Middle school: 

Other

High school: 

Desert Vista Elementary 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

$336,271
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$123,637
Cash to seller
$336,271

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

Seller’s Loan History

Lender

Americas Mortgage Alliance Inc

Loan start date

October 2009

Original loan amount

$177,721

Est. remaining balance

$123,637

Interest rate

5.29%

Loan type

FHA, 30 year

Seller

Hadeel E Abdelmageed

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 10:35 AM

Listing updated: 07/02/2024 at 4:33 PM

Listed by: Kristin Lambeth, JPAR Vantage Phone #: (480) 745-1991

MLS: ArizonaRegional #6702059

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