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$579,000

Beds
3
Baths
2.0
sq ft
1,650

2816 East Mercer Lane, Phoenix, AZ 85028

2816 East Mercer Lane

Phoenix, AZ 85028

  • 17 days on market
    • Price drop $21,000↓
The Shea Corridor is one of the hottest areas in Phoenix and this home offers an amazing future. Block construction and a functional and open floor plan. Kitchen has maple cabinets, stainless steel appliances, updated light fixtures and tile counters. The home has tile and hardwood floors throughout for a clean and easy maintenance feel. Beautiful dual pane windows installed for maximum efficiency and sound dampening. Spacious two car garage with storage. With a North/South oversized lot there is so much you can do and this property is very private and quiet. Such a great location, close to the Phoenix Mountain Preserve and 51 FWY. Priced below neighboring homes. Fresh paint throughout.

Details

Property type

Single Family Residence

Est. home value

$589,723

Lot size

9,077 sq ft

Price per sq ft

$351

Year built

1961

Annual property taxes

$1,767

Price History

06/27/2024
ArizonaRegional

ArizonaRegional #6719787

Price change
$579,000
-3.5%
06/15/2024
ArizonaRegional

ArizonaRegional #6719787

Listed
$600,000
+23.46%
06/25/2021
ArizonaRegional

ArizonaRegional #6239030

Sold
$486,000

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

$169,138
Asking price
$579,000
Closing costs (~8% of asking)
-$46,320
Est. remaining loan balance
-$363,542
Cash to seller
$169,138

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

Seller’s Loan History

Lender

Define Mortgage Solutions Llc

Loan start date

June 2021

Original loan amount

$388,800

Est. remaining balance

$363,542

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Pamela Sullivan

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: 07/02/2024 at 5:05 PM

Listing updated: 07/01/2024 at 12:07 AM

Listed by: Lloyd C Fox, 1912 Realty Phone #: (480) 516-0555

MLS: ArizonaRegional #6719787

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