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$600,000

Beds
3
Baths
2.0
sq ft
1,353

1809 East Minnezona Avenue, Phoenix, AZ 85016

1809 East Minnezona Avenue

Phoenix, AZ 85016

  • 4 days on market
This is already an income producing property as it grossed 51,288.32 over the last 12 months. A great investment opportunity for Builders or anyone looking to increase their home size and value! Approved building plans and permits to add a 2-stall garage and over 700 sq foot of additional living space will be included with the purchase of this property. The approved permits and plans would add an additional master suite, living room and laundry room. The original house was fully remodeled in 2023 and is has been a very successful rental property.

Details

Property type

Single Family Residence

Est. home value

$488,635

Lot size

7,736 sq ft

Price per sq ft

$444

Year built

1955

Annual property taxes

$2,774

Price History

11/04/2024
ArizonaRegional

ArizonaRegional #6771653

Listed
$600,000
+33.33%
10/04/2022
ArizonaRegional

ArizonaRegional #6422021

Sold
$450,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Elementary School

Middle school: 

Madison Park School

High school: 

Camelback 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

$137,493
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$414,507
Cash to seller
$137,493

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2022

Original loan amount

$427,500

Est. remaining balance

$414,507

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Lauren Reid and Brandon Cuvelier

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: 11/08/2024 at 8:50 AM

Listing updated: 11/05/2024 at 9:35 PM

Listed by: Brandon Cuvelier, DPR Realty LLC Phone #: (480) 994-0800

MLS: ArizonaRegional #6771653

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