tomo logo

$625,000

Beds
3
Baths
2.0
sq ft
904

2018 North Mitchell Street, Phoenix, AZ 85006

2018 North Mitchell Street

Phoenix, AZ 85006

  • 6 days on market
NO BAN K NO QUALIFY. Perfect for House Hack or 3 Mid Term or Short Term Rentals. Seller is asking 12% Down monthly payment 3567 + TI Or Best Offer. Hidden gem in Coronado District; rare opportunity to own a 1925 Bungalow with a beamed ceiling living room, original french doors to pergola, fireplace, wood floors, 1 bedroom/1 bath, indoor laundry, spacious updated kitchen which includes original breakfast nook complete with built-in storage benches and table. In the back is a true carriage house with a 1-car garage and 1 carport that includes a storage/laundry on the first floor and a 2 bedroom guest house. Both homes have their own private yards perfect for an urban gardener. This is a great house hack oppp for investors

Details

Property type

Single Family Residence

Est. home value

$563,826

Lot size

6,551 sq ft

Price per sq ft

$692

Year built

1925

Annual property taxes

$1,764

Price History

06/25/2024
ArizonaRegional

ArizonaRegional #6723673

Listed
$625,000
+4.17%
06/17/2024
ArizonaRegional

ArizonaRegional #6714489

Sold
$600,000
+4.35%
06/04/2024
ArizonaRegional

ArizonaRegional #6714489

Pending
$575,000
-4.17%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Emerson Elementary School

Middle school: 

Emerson 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

$168,176
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$406,824
Cash to seller
$168,176

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

Seller’s Loan History

Lender

Goodleap Llc

Loan start date

October 2021

Original loan amount

$432,000

Est. remaining balance

$406,824

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jerry Lee Main

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: 07/02/2024 at 8:30 AM

Listing updated: 06/28/2024 at 10:13 AM

Listed by: Andrew McGuire, ProSmart Realty Phone #: (480) 540-2213

MLS: ArizonaRegional #6723673

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