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$765,000

Beds
5
Baths
3.0
sq ft
3,517

2977 East Teakwood Place, Chandler, AZ 85249

2977 East Teakwood Place

Chandler, AZ 85249

  • 25 days on market
    • Price drop $25,000↓
Reduced price! Lowest price per sq ft for comparable homes in the neighborhood. This spacious home in the tranquil Riggs Ranch Meadows neighborhood boasts 5 bedrooms and a huge loft. Nearly all systems have been replaced in the last 2-3 years, saving you $$ up front; added solar keeps saving for years to come. Other highlights include gorgeous backyard with pool, outdoor kitchen, and grassy areas. Storage shed and RV gate help you manage all of your toys. Just off the large kitchen is an oversized pantry and laundry that will help streamline household chores. You will really appreciate the abundant storage that this home has to offer! Completing the downstairs configuration are generous living and dining spaces and the 5th bedroom that can serve as a guest bedroom or office The upstairs comfortably accomodates 4 bedrooms, and a loft of epic proportions that will take all the multitasking you could possibly give it. You can "live large" With a power bill on par with that of a much smaller home, thanks to the savings of solar. With the advantages of being situated on a corner lot, within walking distance to the neighborhood park, and easy access to top schools, stores and restaurants, there is no need to look further!

Details

Property type

Single Family Residence

Est. home value

$739,525

Lot size

8,240 sq ft

Price per sq ft

$218

Year built

2002

Annual property taxes

$2,954

Monthly HOA fee

$90.2

Price History

03/17/2025
ArizonaRegional

ArizonaRegional #6831561

Price change
$765,000
-3.16%
03/07/2025
ArizonaRegional

ArizonaRegional #6831561

Listed
$790,000
02/14/2025
ArizonaRegional

ArizonaRegional #6812699

Removed
$790,000

Schools & Community

Neighborhood: 

Riggs Ranch Meadows

Elementary school: 

Jane D. Hull Elementary

Middle school: 

Santan Junior High School

High school: 

Basha High School

Community features: 

Playground, Sidewalks

High school district: 

Chandler Unified District #80

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

$254,773
Asking price
$765,000
Closing costs (~8% of asking)
-$61,200
Est. remaining loan balance
-$449,027
Cash to seller
$254,773

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

Seller’s Loan History

Lender

Nationstar Mortgage Llc

Loan start date

November 2021

Original loan amount

$548,250

Est. remaining balance

$449,027

Interest rate

2.15%

Loan type

New Conventional, 16 year

Seller

Vidhyashankaran Iyer and Latha Iyer

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?

Status: Active

Tomo last checked: 04/01/2025 at 3:55 PM

Listing updated: 03/31/2025 at 7:51 PM

Listed by: Jim McCulley, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6831561

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