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$1,100,000

Beds
3
Baths
2.0
sq ft
2,568

3518 East Desert Cove Avenue, Phoenix, AZ 85028

3518 East Desert Cove Avenue

Phoenix, AZ 85028

  • 62 days on market
    • Price drop $50,000↓
Seize this rare opportunity to own a meticulously maintained single level gem sitting on over 1 acre in the highly sought-after Desert Paradise community! This 2,568 sq. ft. home includes an inviting front living room addition, updated flooring, sparkling blue pool, oversized 3 car garage, massive front & backyard, RV Gate & renovated master bath. Possible lot split opportunity!!! Did we mention this home was sitting on 1 acre! Updated Landscaping, New Soft Water System, Newer Carpet, New Electrical Panel, New Heat Pump, New Pool Pump, New Fridge & Dishwasher, New Tankless Water Heater & More!!! Centrally located just minutes from Paradise Valley, top-rated schools, shopping, dining, entertainment & freeway access. This home is a must see!!!

Details

Property type

Single Family Residence

Est. home value

$917,482

Lot size

1.0 acres

Price per sq ft

$429

Year built

1969

Annual property taxes

$3,249

HOA

No

Price History

12/04/2024
ArizonaRegional

ArizonaRegional #6773595

Price change
$1,100,000
-4.35%
10/20/2024
ArizonaRegional

ArizonaRegional #6773595

Listed
$1,150,000
+24.32%
04/06/2022
ArizonaRegional

ArizonaRegional #6361392

Sold
$925,000

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Mercury Mine 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

$632,442
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$379,558
Cash to seller
$632,442

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

April 2022

Original loan amount

$400,000

Est. remaining balance

$379,558

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Michael K Valenti and Karen R Valenti

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: 12/21/2024 at 9:15 AM

Listing updated: 12/17/2024 at 10:01 AM

Listed by: Michael Hoffman, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6773595

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