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$795,000

Beds
2
Baths
1.0
sq ft
1,374

2405 East Fairmount Avenue, Phoenix, AZ 85016

2405 East Fairmount Avenue

Phoenix, AZ 85016

  • 64 days on market
Located in the Biltmore Corridor, 2405 E Farimount Ave offers an exceptional opportunity to acquire a home ready to be converted to commercial property, on the busy 24th Street. The subject property is located right off 24th Street and Indian School, under a mile from the SR-51, allowing for quick access to Midtown, Downtown, and Tempe. This home can be converted to office or medical office space. The 3,600 SF building next door at 4001 E Fairmount Ave is also available!

Details

Property type

Single Family Residence

Est. home value

$469,993

Lot size

9,569 sq ft

Price per sq ft

$579

Year built

1950

Annual property taxes

$1,547

Price History

05/04/2024
ArizonaRegional

ArizonaRegional #6700790

Listed
$795,000

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

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

West Valley National Bank

Loan start date

October 2018

Original loan amount

$239,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Commercial

Seller

3 Wild Flowers Llc and T & I Inc

Lender

West Valley National Bank

Loan start date

February 2018

Original loan amount

$239,000

Est. remaining balance

Not provided

Interest rate

3.46%

Loan type

Commercial

Seller

3 Wild Flowers Llc and T & I Inc

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: 07/07/2024 at 3:30 AM

Listing updated: 05/03/2024 at 6:14 PM

Listed by: Reuben Z Nach, R.O.I. Properties Phone #: (602) 319-1326

MLS: ArizonaRegional #6700790

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