tomo logo

$935,000

Beds
4
Baths
2.5
sq ft
2,320

40920 North 254th Avenue, Morristown, AZ 85342

40920 North 254th Avenue

Morristown, AZ 85342

  • 55 days on market
    • Price drop $64,500↓
Horse property. This stunning Santa Fe home truly has it all!!! Southwestern elegance from every corner!! Vaulted ceilings, exposed round beams, custom woodwork throughout, gorgeous Beehive fireplace, impeccable outdoor landscaping, and entertainment space! The gourmet kitchen has been upgraded with modern appliances, custom cabinets, and timeless granite counter tops. Through out the living space there are custom touches including and electric fireplace, French doors, tons of light from the many windows and skylights, arched entry ways and custom built in cabinetry. Multiple living spaces offer comfort and storage, making entertaining a breeze. The guest bathroom was updated with exquisite tile throughout the shower. Outside the property has been fully fenced with beautiful entrance gate The horse facility has covered corrals and an arena! Home was freshly painted inside and out in 2024. Roof was replaced in 2024. Three car garage offers plenty of room for storage and vehicles. There is also a 50 amp RV hookup. With this all being on over 3 acres, it is the perfect horse enthusiast property!!

Details

Property type

Single Family Residence

Est. home value

$673,052

Lot size

3.39 acres

Price per sq ft

$404

Year built

2006

Annual property taxes

$2,432

HOA

No

Price History

02/03/2025
ArizonaRegional

ArizonaRegional #6798311

Price change
$935,000
-6.45%
01/02/2025
ArizonaRegional

ArizonaRegional #6798311

Price change
$999,500
-14.94%
12/30/2024
ArizonaRegional

ArizonaRegional #6798311

Listed
$1,175,000
+49.68%

Schools & Community

Elementary school: 

Morristown Elementary School

Middle school: 

Morristown Elementary School

High school: 

Wickenburg High School

High school district: 

Wickenburg 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

$587,633
Asking price
$935,000
Closing costs (~8% of asking)
-$74,800
Est. remaining loan balance
-$272,567
Cash to seller
$587,633

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

Seller’s Loan History

Lender

First Horizon Home Loans

Loan start date

September 2007

Original loan amount

$417,000

Est. remaining balance

$272,567

Interest rate

6.59%

Loan type

Not Provided, 30 year

Seller

Jonathan Krogstad and Dlaine Krogstad

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$820,000
4 bd
|
3 ba
|
2,787 sq ft
|
House

1890 West Roderick Lane, Wickenburg, AZ 85390

Price drop
ArizonaRegional
$845,000
4 bd
|
3 ba
|
2,802 sq ft
|
House

29507 North 224th Drive, Wittmann, AZ 85361

New
ArizonaRegional
$980,000
4 bd
|
2 ba
|
2,082 sq ft
|
House

23033 West Blue Sky Drive, Wittmann, AZ 85361

Status: Active

Tomo last checked: 02/23/2025 at 11:00 PM

Listing updated: 02/17/2025 at 3:00 PM

Listed by: Sammie Hone, Platinum Living Realty Phone #: (480) 794-1695

MLS: ArizonaRegional #6798311

ArizonaRegional logo

Recently listed in Morristown