tomo logo

$489,990

Beds
3
Baths
2.0
sq ft
1,840

1985 East Rice Drive, Tempe, AZ 85283

1985 East Rice Drive

Tempe, AZ 85283

  • 50 days on market
Amazing Tempe location in need of light TLC. 3/2 home with large updated kitchen, lots of hickory cabinets, granite countertops and built in desk work area and fireplace. 320sf bonus room with travertine tile for extra space. 800sf workshop in back with power and easy access. 25ft Alley gate and front gate access big enough to drive in your boat, mid-size camper, work vehicles, trailers, tools, toys and much more! Storage area is one half of huge oversized lot separated from good size backyard that has a large covered patio. One of the biggest lots in the neighborhood. 1/2 mile from 101 Fwy and 60 Fwy, close to ASU. Close to everything, top rated Fuller K-5 school right down the street.

Details

Property type

Single Family Residence

Est. home value

$525,811

Lot size

0.26 acres

Price per sq ft

$267

Year built

1975

Annual property taxes

$2,200

Price History

11/02/2024
ArizonaRegional

ArizonaRegional #6779111

Listed
$489,990
+108.51%
11/24/2014
ArizonaRegional

ArizonaRegional #5139275

Sold
$235,000

Schools & Community

Neighborhood: 

Optimist Park NE

Elementary school: 

Fuller Elementary School

Middle school: 

Fees College Preparatory Middle School

High school: 

Marcos De Niza High School

Community features: 

Playground

High school district: 

Tempe 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

$284,505
Asking price
$489,990
Closing costs (~8% of asking)
-$39,199
Est. remaining loan balance
-$166,286
Cash to seller
$284,505

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

Seller’s Loan History

Lender

New Penn Financial Llc

Loan start date

October 2014

Original loan amount

$211,500

Est. remaining balance

$166,286

Interest rate

4.1%

Loan type

New Conventional, 30 year

Seller

Lucas Okamoto

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$525,000
3 bd
|
2 ba
|
1,895 sq ft
|
House

1802 West Isleta Avenue, Mesa, AZ 85202

ArizonaRegional
$519,000
3 bd
|
2 ba
|
1,835 sq ft
|
House

1437 East Wesleyan Drive, Tempe, AZ 85282

Price drop
ArizonaRegional
$499,900
3 bd
|
2 ba
|
1,488 sq ft
|
House

1025 East Carson Drive, Tempe, AZ 85282

Status: Active

Tomo last checked: 12/22/2024 at 12:25 PM

Listing updated: 11/05/2024 at 3:25 PM

Listed by: Shane Sinnema, DeLex Realty Phone #: (602) 910-3002

MLS: ArizonaRegional #6779111

ArizonaRegional logo

Recently listed in Tempe