tomo logo

$315,000

Beds
3
Baths
3.0
sq ft
1,808

407 East Franklin Avenue, Mesa, AZ 85204

407 East Franklin Avenue

Mesa, AZ 85204

  • 2 days on market
Great investment property!! This home is listed way below market price. Great location, close to freeway and shopping. This home has 3 bedrooms, 2 bath and another bath that is 80% done which which would make 3 bath. Home also has an additional room that can be living room or another large room.

Details

Property type

Single Family Residence

Est. home value

$346,166

Lot size

6,167 sq ft

Price per sq ft

$175

Year built

1963

Annual property taxes

$668

HOA

No

Price History

01/02/2025
ArizonaRegional

ArizonaRegional #6799049

Listed
$315,000
+83.14%
05/12/2017
ArizonaRegional

ArizonaRegional #5514521

Sold
$172,000

Schools & Community

Elementary school: 

Holmes Elementary School

Middle school: 

Mesa Academy For Advanced Studies

High school: 

Mesa High School

High school district: 

Mesa 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

$277,064
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$12,736
Cash to seller
$277,064

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

Seller’s Loan History

Lender

Department Of Housing & Urban Dev

Loan start date

February 2024

Original loan amount

$12,882

Est. remaining balance

$12,736

Interest rate

6.67%

Loan type

FHA, 27 year

Seller

Wilman S Vasquez

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: 01/04/2025 at 2:20 PM

Listing updated: 01/03/2025 at 5:20 PM

Listed by: Lucia Escobedo, Century 21 Arizona Foothills Phone #: (623) 322-3311

MLS: ArizonaRegional #6799049

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