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$549,000

Beds
3
Baths
2.0
sq ft
2,054

2440 East Fairmount Avenue, Phoenix, AZ 85016

2440 East Fairmount Avenue

Phoenix, AZ 85016

  • 37 days on market
    • Price drop $50,000↓
Welcome to this unique home with tons of charm and character in the highly desirable area of Earl Heights. This urban oasis provides a perfect opportunity to enjoy lush vegetation, Koi Pond, custom rockwork and NO HOA. The large 450 sq. ft. studio space can be utilized for a workshop, office or easily converted into an income-generating guest house. Inside awaits an open concept kitchen, living and dining area. The original cement floor adds interest. The kitchen contains modern amenities that will make cooking and entertaining a joy. The large primary bedroom and en suite include a separate large, jetted tub, shower and large walk-in closet. French doors lead out to the serene backyard. Darling screened in front patio adds additional living space to the home. There is plenty of parking and storage. Come and view this gem of a property. It will not last long.

Details

Property type

Single Family Residence

Est. home value

$544,128

Lot size

7,588 sq ft

Price per sq ft

$268

Year built

1950

Annual property taxes

$1,604

Price History

11/05/2024
ArizonaRegional

ArizonaRegional #6768328

Price change
$549,000
-8.35%
10/09/2024
ArizonaRegional

ArizonaRegional #6768328

Listed
$599,000
-7.83%
09/06/2024
ArizonaRegional

ArizonaRegional #6743781

Removed
$649,900

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Creighton Elementary School

Middle school: 

Creighton Elementary School

High school: 

Creighton Elementary 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

$152,732
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$352,348
Cash to seller
$152,732

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

June 2021

Original loan amount

$380,000

Est. remaining balance

$352,348

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Evan Daniel Ferrante

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: 11/15/2024 at 12:25 AM

Listing updated: 11/11/2024 at 1:00 AM

Listed by: Holly Chavez, Success Property Brokers Phone #: (480) 563-9511

MLS: ArizonaRegional #6768328

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