tomo logo

$474,900

Beds
2
Baths
1.0
sq ft
860

1701 West Clarendon Avenue, Phoenix, AZ 85015

1701 West Clarendon Avenue

Phoenix, AZ 85015

  • 430 days on market
    • Price drop $13,000↓
**Gorgeous 2-bed, 1-bath Encanto Bungalow nestled in Phoenix's vibrant heart: An Exceptional Short-Term Rental Income Gem with a Ready-to-Build ADU Expansion Opportunity. **the potential addition of the ADU will offer an extra 560 sq. ft. of rentable space, maximizing your rental opportunity. Once the ADU comes to fruition, envision a sprawling 4-bed, 3-bath sanctuary that could be rented to up to 3 separate tenants, in the heart of the city. The property provides parking for up to 6 vehicles, and its exterior is adorned with an expansive, furnished patio, capturing the essence of Arizona's refined outdoor lifestyle. Stepping inside, you'll be greeted by a luminous living area, segueing into a gourmet kitchen complete with a modern coffee station and top-tier appliances. In-unit washer and dryer enhance the convenience factor. The lush outdoor area, equipped with a BBQ setup, beckons for gatherings and tranquil moments alike. Beyond its aesthetic appeal, this bungalow stands as a promising and strategic investment prospect for the experienced owner.

Details

Property type

Single Family Residence

Est. home value

$568,775

Lot size

9,431 sq ft

Price per sq ft

$553

Year built

1944

Annual property taxes

$878

HOA

No

Price History

12/10/2024
ArizonaRegional

ArizonaRegional #6619696

Removed
$474,900
12/05/2024
ArizonaRegional

ArizonaRegional #6619696

Listed
$474,900
09/03/2024
ArizonaRegional

ArizonaRegional #6619696

Listed
$474,900

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Washington Elementary School

Middle school: 

Clarendon School

High school: 

Central High School

High school district: 

Phoenix Union High School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wildcat Lending Fund Two Lp

Loan start date

April 2022

Original loan amount

$472,500

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Purchase Money Mortgage, 0 year

Seller

Rio De Saguaro Holdings Llc

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: 12/22/2024 at 1:20 PM

Listing updated: 12/10/2024 at 10:02 AM

Listed by: Bettina Riesgo, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6619696

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