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$295,000

Beds
2
Baths
2.0
sq ft
952

2431 East Tracy Lane Unit 2, Phoenix, AZ 85032

2431 East Tracy Lane Unit 2

Phoenix, AZ 85032

  • 149 days on market
    • Price drop $20,000↓
Invest in Your Future with a Charming Condo in Spanish Hills! **Super Cute 2-Story Condo with Tenant Occupied - Ready for Immediate Investment!** Explore the opportunity to invest in this tastefully updated 2-story condo in the desirable Spanish Hills community. This tenant-occupied property offers modern amenities and a prime location, making it a valuable addition to any investment portfolio. **Features & Upgrades:** - **Modern Upgrades (2019):** Enjoy a newer front door, new security door, stainless steel kitchen appliances, recessed lighting, cordless wood blinds, two-tone paint, modern cabinetry, and dual-flow toilets. - **Spacious Living Area:** A generous great room featuring a breakfast bar and a 1/2 bath on the main floor. - **Tiled Floors Throughout:** Easy maintenance and a clean, sleek look. - **Ceiling Fans:** Keep cool and comfortable throughout the year. - **Convenient Inside Laundry:** Equipped with a washer and dryer for your convenience. - **Master Bedroom:** Includes a spacious walk-in closet. - **Outdoor Living:** Large outside storage room and a back patio with easy-care wood plank flooring. - **Utilities Included:** Water, sewer, and trash are all included in the rent. **Prime Location:** - **Nearby Schools:** Conveniently located near top-rated schools. - **Dining & Shopping:** Just minutes from Valle Luna, Costco, and Desert Ridge. - **Outdoor Recreation:** Close to the Lookout Mountain Trailhead at Phoenix Mountains Preserve. - **Easy Commute:** Quick access to Loop 101 and Highway 51. **Investment Opportunity:** This charming condo is tenant-occupied, providing immediate rental income. The property is ideal for investors looking for a reliable income stream with a well-maintained home in a sought-after location. **Don't Miss Out!** Invest in a property that combines comfort, convenience, and location. With all the essential updates and amenities, this home is a smart addition to your real estate investments. **Buyer to Verify All Facts and Figures.** Secure your investment in Spanish Hills and watch your portfolio grow.

Details

Property type

Townhouse

Est. home value

$228,228

Lot size

518 sq ft

Price per sq ft

$310

Year built

1984

Annual property taxes

$374

Monthly HOA fee

$235

Price History

10/25/2024
ArizonaRegional

ArizonaRegional #6717912

Price change
$295,000
-6.35%
06/12/2024
ArizonaRegional

ArizonaRegional #6717912

Listed
$315,000
+218.18%
11/20/2019
ArizonaRegional

ArizonaRegional #5997388

Sold
$99,000

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Campo Bello Elementary School

Middle school: 

Greenway Middle School

High school: 

Paradise Valley High School

High school district: 

Paradise Valley Unified 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

Fay Servicing Llc

Loan start date

May 2023

Original loan amount

$138,000

Est. remaining balance

Not provided

Interest rate

6.28%

Loan type

Commercial, 30 year

Seller

Duromax Llc

Lender

Quick Source Capital Llc

Loan start date

March 2023

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.15%

Loan type

Purchase Money Mortgage

Seller

Duromax Llc

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: 11/08/2024 at 12:10 PM

Listing updated: 10/25/2024 at 11:40 AM

Listed by: Linda S Gerchick, Gerchick Real Estate Phone #: (602) 688-9279

MLS: ArizonaRegional #6717912

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