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$295,000

Beds
2
Baths
1.0
sq ft
788

2802 West Melvin Street, Phoenix, AZ 85009

2802 West Melvin Street

Phoenix, AZ 85009

  • 49 days on market
    • Price drop $4,900↓
Exceptional value on this c.1936 remodeled Phx bungalow! The interior is completely updated and move-in ready. The big items are done: NEW HVAC in 2024 with updated ductwork and NEW roof in 2021. The inviting front porch is lined with Saltillo tile and overlooks the fully-fenced front yard with mature, desert-adapted trees. The kitchen features classic white shaker cabinetry, slab granite counters, black appliances (all appliances included) and a built-in office/desk area. The open floorplan allows for flexible use of the space. Gorgeous wood plank tile flooring flows throughout the living space. The formal dining area sits between the kitchen and living room with a modern chandelier and picture window. Both bedrooms have neutral carpet and ceiling fans. The bathroom is fully-remodeled with a tiled shower/tub surround and newer vanity. The rear yard is spacious and low maintenance with block fencing and 2 RV gates (one off the driveway and one with alley access). Additional upgrades include: dual pane windows, 6 panel interior doors, ceiling fans and a storage shed. Nearby many Phoenix staples and destinations in a very walkable neighborhood (walkscore of 75/100).

Details

Property type

Single Family Residence

Est. home value

$263,606

Lot size

6,500 sq ft

Price per sq ft

$375

Year built

1936

Annual property taxes

$933

Price History

11/07/2024
ArizonaRegional

ArizonaRegional #6766350

Price change
$295,000
-1.63%
10/04/2024
ArizonaRegional

ArizonaRegional #6766350

Listed
$299,900
+64.87%
10/20/2020
ArizonaRegional

ArizonaRegional #6128856

Sold
$181,900
+127.38%

Schools & Community

Neighborhood: 

Estrella

Elementary school: 

Isaac E Imes School

Middle school: 

Isaac E Imes School

High school: 

Carl Hayden High 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

$108,921
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$162,479
Cash to seller
$108,921

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

Seller’s Loan History

Lender

On Q Financial Inc

Loan start date

October 2020

Original loan amount

$178,604

Est. remaining balance

$162,479

Interest rate

2.93%

Loan type

FHA, 30 year

Seller

Samuel Merten

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: 11/22/2024 at 8:35 AM

Listing updated: 11/07/2024 at 2:35 PM

Listed by: Christine L Kinchen, Twins & Co. Realty, LLC Phone #: (602) 908-8946

MLS: ArizonaRegional #6766350

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