tomo logo

$485,000

Beds
3
Baths
2.0
sq ft
1,254

261 E Hemlock Ave, Gilbert, AZ 85234

261 E Hemlock Ave

Gilbert, AZ 85234

  • 20 days on market
    • Price drop $15,000↓
No HOA & owned solar! Unbeatable location - within minutes of downtown Gilbert and the town's best dining and entertainment options. Enter your new home to the open-plan living and kitchen, which is updated with designer touches including wood-look flooring throughout. No carpet! Exterior paint recently updated. Extended back patio is complete with beautiful travertine. Access the canal walk from your back gate! Less than a mile from downtown Gilbert's finest dining and entertainment options: Whiskey Row, OHSO Brewery, Culinary Dropout and more! 21 minute drive from Sky Harbor International Airport and 11 minutes from San Tan Village Mall.

Details

Property type

Single Family Residence

Est. home value

$479,708

Lot size

7,000 sq ft

Price per sq ft

$387

Year built

1982

Annual property taxes

$967

HOA

No

Price History

01/11/2025
ArizonaRegional

ArizonaRegional #6798121

Price change
$485,000
-3%
01/02/2025
ArizonaRegional

ArizonaRegional #6798121

Listed
$500,000
+1.01%
11/10/2022
ArizonaRegional

ArizonaRegional #6460626

Sold
$495,000
+65%

Schools & Community

Elementary school: 

Burk Elementary School

Middle school: 

Mesquite Jr High School

High school: 

Gilbert High School

High school district: 

Gilbert 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

$20,256
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$425,944
Cash to seller
$20,256

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2024

Original loan amount

$429,912

Est. remaining balance

$425,944

Interest rate

7.03%

Loan type

VA, 30 year

Seller

Brandon Kohn and Heather Kohn

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: 01/22/2025 at 8:40 AM

Listing updated: 01/10/2025 at 5:18 PM

Listed by: Elanor Urquidez, W and Partners, LLC Phone #: (602) 828-5767

MLS: ArizonaRegional #6798121

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