tomo logo

$425,000

Beds
3
Baths
1.0
sq ft
1,504

1624 West Thomas Road, Phoenix, AZ 85015

1624 West Thomas Road

Phoenix, AZ 85015

  • 4 days on market
The perfect live/work property for somebody with 2 bedroom/1 bath full living space along with reception and conference room for business in a great convenient location near freeways yet still overlooking the Encanto golf course,Downtown hi-rises and the mountains behind!Good condition with all tile floors, brick construction,dual pane windows and terrific storage.Plus the historic charm that still exists in the fireplace,original built-ins and quaint mail drop from a bygone era. Located in the North Encanto Historic District, this property is eligible for the historic property tax reduction program and HP grants.OR just open up the front space again and enjoy a huge living room with a walkability to loads of restaurants, Phoenix College, Encanto Park.OR add more units on this large lot!

Details

Property type

Single Family Residence

Est. home value

$407,680

Lot size

8,150 sq ft

Price per sq ft

$283

Year built

1941

Annual property taxes

$1,464

HOA

No

Price History

03/26/2025
ArizonaRegional

ArizonaRegional #6841406

Listed
$425,000
+66.67%
02/28/2020
ARMLS

ARMLS #5976461

Sold
$255,000

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Encanto School

Middle school: 

Clarendon School

High school: 

Central High School

High school district: 

Phoenix 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

$245,923
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$145,077
Cash to seller
$245,923

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

Seller’s Loan History

Lender

Bell Bank

Loan start date

February 2020

Original loan amount

$204,000

Est. remaining balance

$145,077

Interest rate

3.07%

Loan type

New Conventional, 15 year

Seller

Bethany Torgersen

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: 03/31/2025 at 2:05 AM

Listing updated: 03/30/2025 at 11:58 PM

Listed by: Sherry L Rampy, Brokers Hub Realty, LLC Phone #: (602) 291-3015

MLS: ArizonaRegional #6841406

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