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$850,000

Beds
4
Baths
4.0
sq ft
2,143

2348 North 28th Place, Phoenix, AZ 85008

2348 North 28th Place

Phoenix, AZ 85008

  • 20 days on market
    • Price drop $25,000↓
Welcome to this exceptional investment opportunity, where cash flow meets potential! This well-maintained property not only generates solid rental income but also offers numerous avenues to boost your monthly returns. With its own entrance, kitchen, and bath, the casita is ideal for short-term rentals, offering an attractive option for vacationers or professionals seeking temporary housing. The property's prime location and zoning flexibility present further opportunities. Recent appraised value of $900,000!

Details

Property type

Single Family Residence

Est. home value

$694,010

Lot size

0.3 acres

Price per sq ft

$397

Year built

1937

Annual property taxes

$1,854

Price History

09/24/2024
ArizonaRegional

ArizonaRegional #6757634

Price change
$850,000
-2.86%
09/16/2024
ArizonaRegional

ArizonaRegional #6757634

Listed
$875,000
+45.83%
06/30/2021
ArizonaRegional

ArizonaRegional #6236737

Sold
$600,000
+72.91%

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Creighton Elementary School

Middle school: 

Creighton Elementary 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

$335,908
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$446,092
Cash to seller
$335,908

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

June 2021

Original loan amount

$480,000

Est. remaining balance

$446,092

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Hector Medina and Ernesto Medina

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: 10/06/2024 at 10:25 AM

Listing updated: 10/02/2024 at 9:09 AM

Listed by: Cory J Corwell, The Brokery Phone #: (602) 888-6375

MLS: ArizonaRegional #6757634

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