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$394,900

Beds
2
Baths
2.0
sq ft
1,086

5122 East Shea Boulevard Unit 1164, Scottsdale, AZ 85254

5122 East Shea Boulevard Unit 1164

Scottsdale, AZ 85254

  • 86 days on market
    • Price drop $5,000↓
Own your home for less - ask about our rate buy-down! TATUM & SHEA - Location, location, location! This 2-bed, 2-bath ground-floor condo with a garage is a rare find in the sought-after Milano Terrace Private Residences. The home boasts neutral tones and has been stylishly updated with modern lighting and refreshed bathrooms. The kitchen features granite countertops, along with a newer dishwasher and refrigerator. The open floor plan is perfect for entertaining and includes a cozy fireplace in the great room. Energy efficiency is enhanced by dual-pane windows and sliding doors, plus a newer oversized washer and dryer. This gated community offers two heated pools, hot tubs, BBQs, a fire pit, and a TV-equipped gazebo. Home is OCCUPIED - Please do not disturb. Stay fit in the on-site gym or enjoy a leisurely walk along scenic paths winding through the community's fountains and ponds. For your convenience, there's an electric vehicle charging station, and the property is located close to Stone Creek Golf Course. In the coveted 85254 zip code, Milano Terrace is part of top-rated Scottsdale public schools and is just minutes from upscale shopping at Scottsdale Quarter and the upcoming Paradise Valley Mall renovation. Walk or bike to Whole Foods, Trader Joe's, and nearby dining options. Ideal for a vacation home or permanent residence, this condo offers the ultimate in luxury and convenience.

Details

Property type

Condominium

Est. home value

$391,863

Lot size

1,082 sq ft

Price per sq ft

$364

Year built

1985

Annual property taxes

$1,067

Monthly HOA fee

$300

Price History

11/19/2024
ArizonaRegional

ArizonaRegional #6762456

Price change
$394,900
-1.25%
09/26/2024
ArizonaRegional

ArizonaRegional #6762456

Listed
$399,900
+3.9%
06/17/2024
ArizonaRegional

ArizonaRegional #6700410

Removed
$384,900

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Sequoya Elementary School

Middle school: 

Cocopah Middle School

High school: 

Chaparral High School

Community features: 

Gated, Fitness Center

High school district: 

Scottsdale 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

$73,352
Asking price
$394,900
Closing costs (~8% of asking)
-$31,592
Est. remaining loan balance
-$289,956
Cash to seller
$73,352

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

November 2021

Original loan amount

$310,000

Est. remaining balance

$289,956

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Megan Muller

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: 12/21/2024 at 10:20 AM

Listing updated: 11/18/2024 at 9:45 PM

Listed by: Rachel Rodriguez, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6762456

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