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$675,000

Beds
5
Baths
3.0
sq ft
2,285

1934 East Monte Vista Road, Phoenix, AZ 85006

1934 East Monte Vista Road

Phoenix, AZ 85006

  • 11 days on market
Discover this rare gem—a fully remodeled duplex with 2 detached homes, offering both comfort and exceptional investment potential! With the right offer, Seller is willing to give $10,000 towards closing costs. Conveniently located along the SR 51 corridor, this property is just 6 minutes from the airport and 10 minutes from Downtown Phoenix, nestled in the reviving east Coronado neighborhood. With a combined 2,285 square feet, this property includes: A spacious 4-bedroom, 2-bathroom main house (1,570 sqft). A 2-bedroom, 1-bathroom guest house (715 sqft) featuring its own kitchen, laundry hook ups, and private entryway—perfect for Airbnb or long-term rental. The front house has an average rent of $2795 and the back house of $1525. Both homes have been fully remodeled, including a new roof and new A/C. The property is separately metered for gas and electric, ensuring an easy rental setup. Whether you're looking for a short-term rental powerhouse with tons of potential or a stable long-term investment, or a home for yourself with bonus income from the guest house - this property checks all the boxes. Its prime location is key for all uses. Don't miss this incredible opportunity to own a versatile, high-potential income property in a prime location!

Details

Property type

Single Family Residence

Est. home value

$627,717

Lot size

6,085 sq ft

Price per sq ft

$296

Year built

1930

Annual property taxes

$1,336

HOA

No

Price History

01/10/2025
ArizonaRegional

ArizonaRegional #6802897

Listed
$675,000
+12.5%
12/30/2021
ArizonaRegional

ArizonaRegional #6326542

Sold
$600,000
+121.18%
02/25/2021
ArizonaRegional

ArizonaRegional #6176728

Sold
$271,270

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

William T Machan Elementary School

Middle school: 

William T Machan 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

$188,213
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$432,787
Cash to seller
$188,213

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

December 2021

Original loan amount

$463,125

Est. remaining balance

$432,787

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

David Michan and Naava Michan

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: 01/21/2025 at 6:05 PM

Listing updated: 01/15/2025 at 9:41 AM

Listed by: Rachel Krill, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6802897

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