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$505,300

Beds
4
Baths
4.0
sq ft
1,945

1561 West 5th Street, Mesa, AZ 85201

1561 West 5th Street

Mesa, AZ 85201

  • 42 days on market
    • Price drop $10,000↓
Beautifully Renovated Home in Desirable Garden Grove Community Recently renovated - No HOA fees **Prime Location:** - Close to Mesa Riverview Park - 4-minute drive to Chicago Cubs Spring Training facility - Easy access to 202, 101, and 60 freeways - Near Tempe Town Lake and Mill Ave **Convenient Living:** - Proximity to shopping centers - Desirable neighborhood Don't miss this fantastic opportunity to own a beautiful home in the Garden Grove Community! Perfect for families, professionals, or anyone looking to enjoy all that Mesa has to offer.

Details

Property type

Single Family Residence

Est. home value

$341,133

Lot size

8,407 sq ft

Price per sq ft

$260

Year built

1958

Annual property taxes

$695

HOA

No

Price History

02/25/2025
ArizonaRegional

ArizonaRegional #6813346

Price change
$505,300
-1.94%
01/31/2025
ArizonaRegional

ArizonaRegional #6813346

Listed
$515,300
+114.71%
06/16/2020
ArizonaRegional

ArizonaRegional #6072247

Sold
$240,000

Schools & Community

Neighborhood: 

Mesa Grande

Elementary school: 

Whittier Elementary School

Middle school: 

Carson Junior High School

High school: 

Westwood High School

High school district: 

Mesa 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

$252,779
Asking price
$505,300
Closing costs (~8% of asking)
-$40,424
Est. remaining loan balance
-$212,097
Cash to seller
$252,779

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

June 2020

Original loan amount

$235,653

Est. remaining balance

$212,097

Interest rate

3.33%

Loan type

FHA, 30 year

Seller

Alvaro F Dubon Arevalo and Herenia Lopea Turcios

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: 03/14/2025 at 2:10 PM

Listing updated: 02/25/2025 at 3:08 PM

Listed by: Caroline Torres, eXp Realty Phone #: (888) 897-7821

MLS: ArizonaRegional #6813346

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