tomo logo

$359,900

Beds
2
Baths
2.0
sq ft
1,135

1701 East Colter Street Unit 408, Phoenix, AZ 85016

1701 East Colter Street Unit 408

Phoenix, AZ 85016

  • 90 days on market
    • Price drop $5,100↓
HUGE PRICE REDUCTION!! The search is over! Discover this lovely 2-bedroom condo unit in Bitmore Square! You'll be delighted by the bright and airy living room boasting soaring ceilings, a soothing palette, wood-look flooring, and an inviting fireplace for cozy evenings with loved ones. The spotless kitchen comes with granite counters, a stylish tile backsplash, built-in appliances, a handy pantry, and a two-tier peninsula with a breakfast bar for quick meals. You'll also find a quaint loft, ideal for an office or reading nook. The main bedroom includes a walk-in closet and a private bathroom for added comfort. Enjoy the Community's refreshing pool during hot summer days. Don't miss it!

Details

Property type

Condominium

Est. home value

$350,999

Lot size

886 sq ft

Price per sq ft

$318

Year built

2003

Annual property taxes

$1,624

Monthly HOA fee

$289

Price History

01/16/2025
ArizonaRegional

ArizonaRegional #6787833

Price change
$359,900
-1.4%
11/25/2024
ArizonaRegional

ArizonaRegional #6787833

Listed
$365,000
+60.09%
08/03/2020
ArizonaRegional

ArizonaRegional #6030911

Sold
$228,000
+15.15%

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Elementary School

Middle school: 

Madison Elementary School

High school: 

North High School

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks

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

$145,700
Asking price
$359,900
Closing costs (~8% of asking)
-$28,792
Est. remaining loan balance
-$185,408
Cash to seller
$145,700

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

Seller’s Loan History

Lender

Amerifirst Financial Inc

Loan start date

July 2020

Original loan amount

$205,200

Est. remaining balance

$185,408

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Ian Mackaness and Stefanie C Lopez

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: 02/22/2025 at 8:55 PM

Listing updated: 01/16/2025 at 12:10 PM

Listed by: Jeffrey J Nelson, Realty Executives Phone #: (480) 963-6000

MLS: ArizonaRegional #6787833

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