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$300,000

Beds
1
Baths
1.0
sq ft
635

1501 Tacoma Ave S Unit 217, Tacoma, WA 98402

1501 Tacoma Ave S Unit 217

Tacoma, WA 98402

  • 300 days on market
    • Price drop $15,000↓
Welcome to the Reverie at Mercato! This condo community offers all that you would come to expect from a premier location. A nicely appointed kitchen features SS appliances & granite counters. Large windows enhance the space, flooding the rooms with natural light. Amenities include a spacious gym, movie theater, common room with game table & full kitchen. The beautiful courtyard is equipped with grills & seating to enjoy your own private oasis. You will appreciate the excellent walkability of this location to many amenities, including great restaurants & a quaint new coffee shop right across the street. The secure garage provides an assigned parking space & a storage unit offers extra space for your belongings.

Details

Property type

Condominium

Est. home value

$315,966

Lot size

225 sq ft

Price per sq ft

$473

Year built

2006

Annual property taxes

$2,183

Monthly HOA fee

$305

Price History

03/30/2024
NorthwestMLS

NorthwestMLS #25136550

Removed
$181,128
-34.14%
03/30/2024
NorthwestMLS

NorthwestMLS #1814563

Removed
$275,000
+243.75%
03/29/2024
NorthwestMLS

NorthwestMLS #294673

Removed
$80,000
-73.33%

Schools & Community

Neighborhood: 

New Tacoma

Elementary school: 

Travis

Middle school: 

Hilltop Heritage Middle

High school: 

Stadium

School district: 

Tacoma

Number of units in community: 

92

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

$68,386
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$207,614
Cash to seller
$68,386

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

Seller’s Loan History

Lender

Bay Equity Llc

Loan start date

September 2021

Original loan amount

$220,000

Est. remaining balance

$207,614

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Mark Griffin

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: 04/16/2024 at 4:30 PM

Listing updated: 04/11/2024 at 4:20 PM

Listed by: Shawna Abel, John L. Scott, Inc. Phone #: (253) 841-7000

MLS: NorthwestMLS #2130145

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Disclaimers

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Based on information submitted to the MLS GRID as of 2024-04-16 16:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.