tomo logo

$2,500,000

Beds
7
Baths
5.0
sq ft
6,885

1522 West Myrtle Avenue, Phoenix, AZ 85021

1522 West Myrtle Avenue

Phoenix, AZ 85021

  • 1 day on market
INCREDIBLE OPPORTUNITY in the beautiful N central Phoenix neighborhood Orangewood estates. The possibilities are mind blowing. Almost an acre with huge living capacity house and casita, parking lot and pool with peaceful lush landscaping. This property is currently licensed as 10 bed behavioral health facility and it is ready to go. Other possible options could be ARBNB, Remodel for multi-generational living, maybe looking into lot split like many other parcels in this area and building multiple custom homes as this area is full of million dollar homes... Let your dream go BIG. currently zoned R1-6. Buyer to verify any ideas deemed pertinent. See also attached floorplan and site plan.

Details

Property type

Single Family Residence

Est. home value

$1,797,671

Lot size

0.89 acres

Price per sq ft

$364

Year built

1956

Annual property taxes

$10,225

HOA

No

Price History

03/30/2025
ArizonaRegional

ArizonaRegional #6843333

Listed
$2,500,000
+47.06%
05/22/2023
ArizonaRegional

ArizonaRegional #6544505

Sold
$1,700,000

Schools & Community

Neighborhood: 

Alhambra

Elementary school: 

Orangewood School

Middle school: 

Royal Palm Middle School

High school: 

Washington High School

Community features: 

Sidewalks

High school district: 

Glendale 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

$969,071
Asking price
$2,500,000
Closing costs (~8% of asking)
-$200,000
Est. remaining loan balance
-$1,330,929
Cash to seller
$969,071

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

Seller’s Loan History

Lender

Axia Financial Llc

Loan start date

May 2023

Original loan amount

$1,360,000

Est. remaining balance

$1,330,929

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Jason D Ellis and Michelle J Ellis

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: 04/01/2025 at 10:25 AM

Listing updated: 03/30/2025 at 3:42 PM

Listed by: Brian Hines, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6843333

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