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$899,000

Beds
4
Baths
3.0
sq ft
3,170

2920 South Bala Drive, Tempe, AZ 85282

2920 South Bala Drive

Tempe, AZ 85282

  • 89 days on market
    • Price drop $30,000↓
Fantastic opportunity to own this unique mid-century modern style single level home on a cul-de-sac with no HOA! The sellers did a complete remodel and invested over $100k+ to create that mid century design/floor plan. This home provides a lot of vision and open design work that gives you options to add your own style to it. It offers 2 family rooms, attached guest suite, 4 car garage, a massive lot that is just under 20k, RV gate, with a plenty of space to add a pool, and much more. Inside, the great room showcases a soothing palette, recessed lighting, and warm wood flooring. The modern kitchen features quartz counters, sleek flat-panel cabinetry, high-end SS appliances, a handy pantry, and an island with a breakfast bar for casual dining. The backyard is a paradise, displaying a covered patio, a pristine lawn, RV parking space, and picturesque views of the neighboring golf course, perfect for savoring the stunning sunsets. The setup and upgrades would be ideal to turn this home into a short term rental/airbnb/vacation home, and more. Not having an HOA could even give you the opportunity to do run other types of short/long term housing. This oversized lot provides the buyer with the vision to add a pool, pickle ball court, or any sort of backyard paradise you can envision. From a long term development standpoint you could also consider dividing the 2 parcels and keep or sell the other lot. The subdivision of Shalimar Estates is highly coveted and you don't find homes coming available too often in this area! Keep in mind that the future of the golf course is unknown due to it possibly being sold in 2025.

Details

Property type

Single Family Residence

Est. home value

$649,543

Lot size

0.46 acres

Price per sq ft

$284

Year built

1963

Annual property taxes

$3,499

Price History

05/09/2024
ArizonaRegional

ArizonaRegional #6685188

Price change
$899,000
-3.23%
04/19/2024
ArizonaRegional

ArizonaRegional #6685188

Price change
$929,000
-0.11%
04/04/2024
ArizonaRegional

ArizonaRegional #6685188

Listed
$930,000
+91.75%

Schools & Community

Neighborhood: 

Shalimar

Elementary school: 

Curry Elementary School

Middle school: 

Connolly Middle School

High school: 

McClintock High School

Community features: 

Golf

High school district: 

Tempe 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

$325,446
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$501,634
Cash to seller
$325,446

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

March 2022

Original loan amount

$525,000

Est. remaining balance

$501,634

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Brian Hernandez

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 4:05 PM

Listing updated: 06/21/2024 at 2:03 PM

Listed by: David Barney, Fathom Realty Phone #: (928) 830-2900

MLS: ArizonaRegional #6685188

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