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$580,000

Beds
5
Baths
4.0
sq ft
1,935

2217 East Sheridan Street, Phoenix, AZ 85006

2217 East Sheridan Street

Phoenix, AZ 85006

  • <1 day on market
This beautifully renovated home is conveniently located just off the 51 Freeway, only 3 miles from Sky Harbor Airport and less than a mile from Phoenix Children's Hospital, offering both prime location and versatility. Featuring four spacious bedrooms, including dual primary suites, and three full baths in the main house, this thoughtfully designed property provides ample living space with two large living areas ideal for relaxation or entertaining. A standout feature is the detached casita/ADU, complete with a studio bedroom, full bath, brand-new mini-split system, and a new hot water heater—perfect for guests, rental income, or a private retreat. Recent upgrades include new vinyl wood plank flooring, fresh interior paint, a $7,000 electrical system enhancement with a new panel, a new washer and dryer, a smart garage system, and owned solar panels. The home also boasts a newly added pantry and a creatively converted tandem carport now serving as a workout area, along with ample parking. With no HOA restrictions, this property is ideal for both long-term and short-term rentals. Currently tenant-occupied, with tenants moving out on March 25th, this home presents an incredible investment opportunity or a move-in-ready option in a highly desirable Phoenix location. Please do not disturb tenants.

Details

Property type

Single Family Residence

Est. home value

$527,701

Lot size

6,643 sq ft

Price per sq ft

$300

Year built

1978

Annual property taxes

$2,472

HOA

No

Price History

03/09/2025
ArizonaRegional

ArizonaRegional #6832770

Listed
$580,000
-3.17%
03/27/2024
ArizonaRegional

ArizonaRegional #6642258

Removed
$599,000
03/25/2024
ArizonaRegional

ArizonaRegional #6642258

Price change
$599,000
-0.99%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

William T Machan Elementary School

Middle school: 

William T Machan Elementary School

High school: 

Phoenix Union Bioscience 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

$59,877
Asking price
$580,000
Closing costs (~8% of asking)
-$46,400
Est. remaining loan balance
-$473,723
Cash to seller
$59,877

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

November 2022

Original loan amount

$486,000

Est. remaining balance

$473,723

Interest rate

6.7%

Loan type

New Conventional, 30 year

Seller

Todd Karzen

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?

Status: Active

Tomo last checked: 03/09/2025 at 7:10 PM

Listing updated: 03/09/2025 at 2:53 PM

Listed by: Allison Joy, Allison Joy Real Estate, LLC Phone #: (480) 861-8697

MLS: ArizonaRegional #6832770

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