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$415,000

Beds
3
Baths
2.0
sq ft
1,243

5022 South 11th Place, Phoenix, AZ 85040

5022 South 11th Place

Phoenix, AZ 85040

  • 73 days on market
    • Price drop $15,000↓
Welcome to your ideal home in South Phoenix! This charming 3-bedroom, 2-bathroom residence, built in 2007, offers modern living without the hassle of an HOA—no restrictions here! Enjoy a well-maintained property with a larger-than-average lot, providing ample outdoor space for your needs. The home features a convenient RV gate leading to the spacious backyard, perfect for parking your recreational vehicle or creating your outdoor oasis. With its newer construction and thoughtful design, this property is ready for you to move in and make it your own. Don't miss out on this fantastic opportunity in a desirable location!

Details

Property type

Single Family Residence

Est. home value

$409,158

Lot size

8,141 sq ft

Price per sq ft

$334

Year built

2007

Annual property taxes

$2,285

HOA

No

Price History

12/11/2024
ArizonaRegional

ArizonaRegional #6767321

Price change
$415,000
-3.49%
12/10/2024
ArizonaRegional

ArizonaRegional #6767321

Removed
$430,000
11/17/2024
ArizonaRegional

ArizonaRegional #6767321

Listed
$430,000

Schools & Community

Neighborhood: 

South Mountain

Elementary school: 

John F Kennedy Elementary School

Middle school: 

Greenfield Elementary School

High school: 

South Mountain 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

$67,775
Asking price
$415,000
Closing costs (~8% of asking)
-$33,200
Est. remaining loan balance
-$314,025
Cash to seller
$67,775

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

May 2021

Original loan amount

$339,733

Est. remaining balance

$314,025

Interest rate

3.18%

Loan type

FHA, 30 year

Seller

Christopher Wills

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: 12/22/2024 at 7:40 AM

Listing updated: 12/11/2024 at 10:40 AM

Listed by: David Alan Baker, eXp Realty Phone #: (888) 897-7821

MLS: ArizonaRegional #6767321

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