tomo logo

$885,500

Beds
4
Baths
2.5
sq ft
2,334

2601 East Shangri La Road, Phoenix, AZ 85028

2601 East Shangri La Road

Phoenix, AZ 85028

  • 114 days on market
    • Price drop $9,000↓
Oversized lot perfectly situated in a highly desirable neighborhood on a peaceful cul-de-sac, this exceptional home offers stunning mountain views and an array of modern upgrades. The bright entryway welcomes you into an open front room filled with abundant natural light, setting the stage for the rest of this beautiful home. The spacious, updated kitchen features quartz countertops, elegant cabinets with crown molding, floating shelves, and stainless steel appliances, making it perfect for both everyday living and entertaining. Updated flooring flows seamlessly throughout the home's main areas, enhancing the home's contemporary feel. The large, open family room, highlighted by exposed ceiling beams, provides a warm and inviting space for gatherings. The expansive primary retreat is a true sanctuary, complete with outdoor access, ideal for enjoying the serene surroundings. With four bedrooms plus a separate office space, this home offers plenty of space for everyone. Step outside to discover a backyard oasis on one of the largest lots in the neighborhood, featuring a sparkling pool and a private, landscaped yard. A spacious covered patio with extensive pavers invites you to enjoy outdoor living year-round, making this home an entertainer's dream. The large side yard with an RV gate provides ample storage or project space. Energy-efficient windows throughout ensure comfort and cost savings. Don't miss the chance to own this perfect blend of style, comfort, and convenience in one of the area's most sought-after locations!

Details

Property type

Single Family Residence

Est. home value

$678,981

Lot size

0.3 acres

Price per sq ft

$380

Year built

1973

Annual property taxes

$2,632

HOA

No

Price History

12/12/2024
ArizonaRegional

ArizonaRegional #6749995

Price change
$885,500
-1.01%
11/14/2024
ArizonaRegional

ArizonaRegional #6749995

Price change
$894,500
-0.61%
09/13/2024
ArizonaRegional

ArizonaRegional #6749995

Price change
$899,999
-1.59%

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Desert Cove Elementary School

Middle school: 

Shea Middle School

High school: 

Shadow Mountain High School

High school district: 

Paradise Valley Unified 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

$527,811
Asking price
$885,500
Closing costs (~8% of asking)
-$70,840
Est. remaining loan balance
-$286,849
Cash to seller
$527,811

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

July 2021

Original loan amount

$310,000

Est. remaining balance

$286,849

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Salvador Calvano Iii and Patricia Catherine Calvano

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: 12/21/2024 at 6:55 PM

Listing updated: 12/12/2024 at 4:50 PM

Listed by: Sharon Stropka, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6749995

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