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$360,000

Beds
2
Baths
1.0
sq ft
700

501 East Vogel Avenue, Phoenix, AZ 85020

501 East Vogel Avenue

Phoenix, AZ 85020

  • 62 days on market
Welcome to this 1930's cottage, nestled on a corner lot, a unique opportunity for versatile living arrangements and investment potential. The main house (Unit A) boasts two bedrooms and one bath. Adjacent to it, the separate structure (Unit B) stands as a one-bedroom, one-bath space, currently rented out for additional income. With the breathtaking mountain views, the expansive backyard is perfect for outdoor gatherings. With the property zoned R3, the possibility of adding a third structure opens doors to further expansion or investment opportunities. The Arizona room, housing the washer and dryer has durable concrete floors and ample storage cabinets. Additional amenities include a 2-car carport for convenient parking. Don't miss your chance to make this versatile property your own!

Details

Property type

Single Family Residence

Est. home value

$315,436

Lot size

0.28 acres

Price per sq ft

$515

Year built

1934

Annual property taxes

$472

Price History

05/01/2024
ArizonaRegional

ArizonaRegional #6699098

Listed
$360,000
+28.57%
03/31/2021
ArizonaRegional

ArizonaRegional #6174099

Sold
$280,000

Schools & Community

Neighborhood: 

North Mountain

Elementary school: 

Sunnyslope Elementary School

Middle school: 

Sunnyslope Elementary School

High school: 

Sunnyslope High School

High school district: 

Glendale 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

$136,570
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$194,630
Cash to seller
$136,570

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

March 2021

Original loan amount

$210,000

Est. remaining balance

$194,630

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

John Sklavos and Suzanne Sklavos

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 4:30 PM

Listing updated: 05/02/2024 at 9:34 AM

Listed by: Jessica Brown, Prestige Realty Phone #: (602) 944-2100

MLS: ArizonaRegional #6699098

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