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$325,000

Beds
10
Baths
10.0
sq ft
620

1807 South 364th Avenue, Tonopah, AZ 85354

1807 South 364th Avenue

Tonopah, AZ 85354

  • 158 days on market
    • Price drop $650,000↓
**Do not Disturb Tenants** Motivated Seller!! Discover a rare investment opportunity nestled in a rural landscape: 6 site-built homes sprawled across three expansive 1-acre lots. With two units per acre, this property offers a unique blend of space and potential to add more units to increase your ROI. All units are currently occupied, ensuring a steady stream of income. **$325,000 Per Acre Parcel, each with 2 homes** This sale includes: 2 HOMES AT 1807 S 364TH AVE - 2 HOMES AT 1814 S 363RD AVE - 2 HOMES AT 1826 S 363RD AVE. Each 1 Acre Parcel with two homes is for sale at $325,000. Seller prefers bulk sale. Positive cash flow, rent rolls available. Well on site. All roofs replaced in 2022.

Details

Property type

Single Family Residence

Est. home value

$544,905

Lot size

1.1 acres

Price per sq ft

$525

Year built

2007

Annual property taxes

$585

Price History

08/03/2024
ArizonaRegional

ArizonaRegional #6698492

Price change
$325,000
-66.67%
04/30/2024
ArizonaRegional

ArizonaRegional #6698492

Listed
$975,000
+150%
08/30/2018
ArizonaRegional

ArizonaRegional #5777229

Sold
$390,000

Schools & Community

Elementary school: 

Out of Maricopa Cnty

Middle school: 

Ruth Fisher Middle School

High school: 

Tonopah Valley High School

High school district: 

Saddle Mountain Unified 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

$99,287
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$199,713
Cash to seller
$99,287

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

October 2022

Original loan amount

$205,800

Est. remaining balance

$199,713

Interest rate

5.13%

Loan type

New Conventional, 30 year

Seller

Maria Guadalupe Cabrera and Francisco Orozco Aguilar

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: 10/05/2024 at 12:50 PM

Listing updated: 08/26/2024 at 8:17 PM

Listed by: Laura Roman, My Home Group Real Estate Phone #: (480) 685-2760

MLS: ArizonaRegional #6698492

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