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$275,000

Beds
2
Baths
2.0
sq ft
813

406 E Washington Ave Unit C, Gilbert, AZ 85234

406 E Washington Ave Unit C

Gilbert, AZ 85234

  • <1 day on market
    • Open house Mar 11
Modern Comfort & Investment Opportunity in Downtown Gilbert! This charming 2-beds, 2-baths home offers a versatile bonus room/den w/ its own exterior entrance—perfect for a home office, guest space or creative studio. Stylish white shaker soft-close cabinets, sleek vinyl plank flooring & updated bathrooms enhance the inviting interior. ALL appliances are BRAND NEW as of 2023, ensuring efficiency & convenience. Located in the heart of downtown Gilbert, this property provides unbeatable walkability to top-rated dining, shopping & entertainment w/ easy access to 202/60 freeways & Mesa Gateway Airport. Whether you're looking for a turnkey home or a prime investment opportunity, this property delivers! Currently tenant-occupied, it offers immediate rental income potential for investors. Don't miss this rare chance to own a stylish, income-generating home in one of Gilbert's most sought-after locations!

Details

Property type

Condominium

Est. home value

$289,345

Lot size

928 sq ft

Price per sq ft

$339

Year built

1982

Annual property taxes

$386

Monthly HOA fee

$250

Price History

03/05/2025
ArizonaRegional

ArizonaRegional #6830622

Listed
$275,000
-12.7%
02/08/2024
ARMLS

ARMLS #6629540

Removed
$315,000
11/11/2023
ARMLS

ARMLS #6629540

Listed
$315,000
+51.44%

Schools & Community

Neighborhood: 

Meadowbrook Village

Elementary school: 

Burk Elementary School

Middle school: 

Gilbert High School

High school: 

Gilbert High School

High school district: 

Gilbert 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

$59,984
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$193,016
Cash to seller
$59,984

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

Seller’s Loan History

Lender

Nfm Lending

Loan start date

December 2022

Original loan amount

$197,600

Est. remaining balance

$193,016

Interest rate

6.94%

Loan type

New Conventional, 30 year

Seller

Juliana Madanski

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: 03/06/2025 at 2:15 AM

Listing updated: 03/05/2025 at 4:58 PM

Listed by: Benjamin Arredondo, My Home Group Real Estate Phone #: (480) 685-2760

MLS: ArizonaRegional #6830622

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