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$599,950

Beds
4
Baths
2.0
sq ft
1,478

4115 North 18th Drive, Phoenix, AZ 85015

4115 North 18th Drive

Phoenix, AZ 85015

  • 216 days on market
    • Price drop $9,950↓
**WOW...GREAT INVESTMENT PURCHASE here with this unique ''2 for 1'' type property. **2 single family homes (w/ separate house #'s) on one multi-family lot. ''SELLER MAY CARRY OPTION AVAILABLE''. GREAT tenants already in place paying $1,700 each per month ($3,400 total). Each home has 2 bedrooms,1 bathroom, & a large carport. Address 4115 is 865 sf., has block walls, & was mostly remodeled 2016. Address 4111 is 613 sf., has concrete walls & remodeled in 2022. Block wall fencing around both properties. **Per City of Phoenix, the lot ''YES'' can be split into 2 separate properties in the future if wanted. Current tenant leases expire July 2024 & both tenants would like to extend another 1, 2, or 3 more years if possible. DRIVE BY ONLY at this time. DO NOT DISTURB tenants.

Details

Property type

Single Family Residence

Est. home value

$474,622

Lot size

8,718 sq ft

Price per sq ft

$406

Year built

1939

Annual property taxes

$1,656

Price History

04/15/2024
ArizonaRegional

ArizonaRegional #6635045

Price change
$599,950
-1.63%
04/03/2024
ArizonaRegional

ArizonaRegional #6635045

Price change
$609,900
-0.49%
03/18/2024
ArizonaRegional

ArizonaRegional #6635045

Price change
$612,900
-0.16%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Clarendon School

Middle school: 

Osborn Middle School

High school: 

Central High School

High school district: 

Phoenix 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

$275,058
Asking price
$599,950
Closing costs (~8% of asking)
-$47,996
Est. remaining loan balance
-$276,896
Cash to seller
$275,058

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2022

Original loan amount

$285,000

Est. remaining balance

$276,896

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

David Edward Hough

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: 07/02/2024 at 4:45 PM

Listing updated: 06/25/2024 at 5:23 PM

Listed by: David Haase, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6635045

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