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$1,500,000

Beds
3
Baths
2.0
sq ft
2,147

2548 East Vermont Avenue, Phoenix, AZ 85016

2548 East Vermont Avenue

Phoenix, AZ 85016

  • 3 days on market
Nestled in the prestigious Arizona Biltmore neighborhood, this exquisite residence masterfully blends luxury, comfort, and timeless elegance. Upon entering, you're welcomed by a bright, open space with stunning wood ceilings and expansive windows and sliders that frame views of the lush, manicured grounds. The inviting kitchen features an eat-in breakfast nook, offering direct access to a front patio—perfect for grilling while family and guests relax at the granite-topped bar. The spacious great room serves as an ideal setting for both relaxation and entertaining, with a cozy fireplace as the centerpiece. The split primary suite provides a serene retreat with a large walk-in shower, two closets, and direct access to a private backyard patio. Both secondary bedrooms are spacious enough to accommodate king-size beds and offer ample closet space. The outdoor living area is a true oasis, featuring a covered patio with built-in electric heaters, a sparkling pool, and beautifully landscaped groundscreating a tranquil oasis. A 24-hour guard gate ensures added security in this sought-after neighborhood, with amenities that include two tennis/pickleball courts, walking paths, and a children's playground. Enjoy the proximity to the renowned Arizona Biltmore Resort, the historic Wrigley Mansion, Biltmore Fashion Park, exceptional dining, nearby hiking trails, the Biltmore Golf Courses, and much more.

Details

Property type

Single Family Residence

Est. home value

$1,124,240

Lot size

7,993 sq ft

Price per sq ft

$699

Year built

1979

Annual property taxes

$5,966

Monthly HOA fee

$429.51

Price History

02/28/2025
ArizonaRegional

ArizonaRegional #6827769

Listed
$1,500,000
+116.45%
04/08/2019
ArizonaRegional

ArizonaRegional #5862575

Sold
$693,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Rose Lane School

Middle school: 

Madison #1 Elementary School

High school: 

Camelback High School

Community features: 

Gated, Tennis Court(s), Playground, Sidewalks

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

$943,449
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$436,551
Cash to seller
$943,449

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

Seller’s Loan History

Lender

First Bank

Loan start date

October 2020

Original loan amount

$483,000

Est. remaining balance

$436,551

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Mark W Herwig and Hannah M Herwig

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: 03/03/2025 at 4:10 PM

Listing updated: 03/02/2025 at 1:05 AM

Listed by: Kerrie L Kruse, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6827769

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