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$680,000

Beds
4
Baths
4.0
sq ft
2,485

1715 East Cheery Lynn Road, Phoenix, AZ 85016

1715 East Cheery Lynn Road

Phoenix, AZ 85016

  • 222 days on market
    • Price drop $69,000↓
This home qualifies for the Community Lending Program, including lender credit and interest rates below regular conventional rates. Completely rebuilt and reimagined in 2018, the main house features just over 2000 sf, 4 bedrooms, 3 baths, open concept living with large rooms and 9' ceilings. Well appointed kitchen with SS appliances, gas range w/ double oven, gourmet range hood and plenty of cabinetry and counter space. Spacious primary suite awaits with a private patio. The backyard is complete with a 500+ sf paver patio between the main house and the guest house. Dine al fresco or relax in your hot/cold spa. The 427 sf guest house serves as a fully functioning residence separate from the main house with kitchenette, bedroom and bathroom. Priced below 2024 appraisal.

Details

Property type

Single Family Residence

Est. home value

$788,840

Lot size

8,239 sq ft

Price per sq ft

$274

Year built

1916

Annual property taxes

$3,480

Price History

10/26/2024
ArizonaRegional

ArizonaRegional #6687701

Price change
$680,000
-9.21%
09/10/2024
ArizonaRegional

ArizonaRegional #6687701

Price change
$749,000
-1.45%
06/13/2024
ArizonaRegional

ArizonaRegional #6687701

Price change
$760,000
-1.94%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Loma Linda Elementary School

Middle school: 

Loma Linda Elementary School

High school: 

North 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

$283,039
Asking price
$680,000
Closing costs (~8% of asking)
-$54,400
Est. remaining loan balance
-$342,561
Cash to seller
$283,039

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

Seller’s Loan History

Lender

Goldwater Bank Na

Loan start date

February 2021

Original loan amount

$374,000

Est. remaining balance

$342,561

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Suman Palit and Deandra Dawn Ludwig Palit

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: 11/13/2024 at 9:55 PM

Listing updated: 11/12/2024 at 10:25 AM

Listed by: Stephanie Altdoerffer, Arizona Best Real Estate Phone #: (480) 948-4711

MLS: ArizonaRegional #6687701

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