tomo logo

$499,999

Beds
5
Baths
2.0
sq ft
1,524

401 South Robert Road, Tempe, AZ 85281

401 South Robert Road

Tempe, AZ 85281

  • 84 days on market
    • Price drop $5,001↓
Unlock Your House-Hacking Potential in the Heart of Tempe! This expansive 5-bedroom, 2-bathroom home offers a rare combination of space, style, and income-generating possibilities, perfect for investors or savvy homebuyers. Live in one room and Airbnb the rest, rent out individual rooms, or make it your full-time residence while letting the property pay for itself. Projected to generate an impressive annual revenue of $69,007, this home boasts a 10.4% Cap Rate, 13.7% Gross Yield, and a 15.4% Cash-on-Cash Return. Thoughtfully updated, the home features a bright, airy kitchen with sage-colored cabinets and skylights, alongside energy-efficient double-pane windows and durable block walls for added insulation. With prime proximity to Tempe's top amenities and solid Airbnb performance in the area, this property is poised for consistent returns. Don't miss this unique opportunity to own a spacious, stylish home with significant investment upside! ! Properties that offer this perfect blend of aesthetic appeal and an unbeatable environment near ASU, Mill Ave, and the 10, 60 ,202 freeways are truly one-of-a-kinddon't miss the chance to make it yours

Details

Property type

Single Family Residence

Est. home value

$429,926

Lot size

6,817 sq ft

Price per sq ft

$329

Year built

1951

Annual property taxes

$1,593

Price History

11/14/2024
ArizonaRegional

ArizonaRegional #6748518

Price change
$499,999
-0.99%
11/08/2024
ArizonaRegional

ArizonaRegional #6748518

Price change
$505,000
-1.94%
10/10/2024
ArizonaRegional

ArizonaRegional #6748518

Price change
$515,000
-1.72%

Schools & Community

Neighborhood: 

Sunset

Elementary school: 

Scales Technology Academy

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

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

$339,541
Asking price
$499,999
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$120,458
Cash to seller
$339,541

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

September 2015

Original loan amount

$148,500

Est. remaining balance

$120,458

Interest rate

4.09%

Loan type

New Conventional, 30 year

Seller

Michael Gregory Gullickson and Melissa K Gullickson

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 8:15 AM

Listing updated: 11/16/2024 at 12:41 AM

Listed by: Vanessa Roark, Coldwell Banker Realty Phone #: (602) 954-6888

MLS: ArizonaRegional #6748518

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