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$299,000

Beds
1
Baths
1.0
sq ft
1,073

5122 North 31st Way Unit 225, Phoenix, AZ 85016

5122 North 31st Way Unit 225

Phoenix, AZ 85016

  • 173 days on market
    • Price drop $20,000↓
Exquisite Biltmore Terrace Condo - 1 Bed, 1 Bath - Next to Biltmore Golf Course! Welcome to 5122 N 31st Way, Unit 225, a spacious 1-bedroom, 1-bathroom condo offering 1,073 sq ft of stylish living in the prestigious Biltmore community. Situated near the Biltmore Golf Course, this serene home offers a tranquil atmosphere and a prime location for golf enthusiasts and those seeking a peaceful retreat. The unit has been thoughtfully upgraded, featuring a 2023 brand-new remodeled shower that brings a touch of luxury to your daily routine. Enjoy year-round comfort with the newly installed AC, ensuring a cool and comfortable environment even during Arizona's hottest months. This condo offers a bright and open layout, with ample living space and natural light throughout.

Details

Property type

Condominium

Est. home value

$368,857

Lot size

1,011 sq ft

Price per sq ft

$279

Year built

1981

Annual property taxes

$1,739

Monthly HOA fee

$578.55

Price History

08/16/2024
ArizonaRegional

ArizonaRegional #6710291

Price change
$299,000
-6.27%
07/10/2024
ArizonaRegional

ArizonaRegional #6710291

Price change
$319,000
-5.9%
06/13/2024
ArizonaRegional

ArizonaRegional #6710291

Price change
$339,000
-8.13%

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Elementary School

Middle school: 

Madison #1 Middle School

High school: 

Camelback 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

$198,999
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$76,081
Cash to seller
$198,999

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

Seller’s Loan History

Lender

Concord Mortgage Co

Loan start date

April 2005

Original loan amount

$140,000

Est. remaining balance

$76,081

Interest rate

5.62%

Loan type

Not Provided, 30 year

Seller

Cheryl Kypreos

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: 11/14/2024 at 8:40 AM

Listing updated: 09/19/2024 at 3:39 PM

Listed by: Sean Peterson, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6710291

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