tomo logo

$480,000

Beds
2
Baths
2.0
sq ft
1,170

5124 North 31st Place Unit 531, Phoenix, AZ 85016

5124 North 31st Place Unit 531

Phoenix, AZ 85016

  • 58 days on market
Imagine the Biltmore lifestyle in this amazing condominium! LOCATION, LOCATION! This 2 bedroom, 2 bathroom is located in one of the most desirable parts of the Biltmore area. Spectacular views of the historic and prestigious Arizona Biltmore Golf Course. Enjoy glorious sunsets, lake and mountain views from your patio. This lovely private end unit has been fully updated w/ engineered wood look plank and tile flooring, SS appliances, quartz counters, white cabinetry, updated lighting, custom interior paint and elegant tiled bathroom surrounds. The great room space offers full length picture windows bringing in the morning sun and plantation shutters in every room for privacy. The primary bedroom offers full length windows and a large closet with custom organizers... Luxuriate in the primary bathroom suite with dual sink vanity and large walk in tiled shower with glass door enclosure. The guest bedroom is spacious and offers a walk in closet with organizers. New HVAC installed in 2023! This space is a dream! Conveniently located right next to the fitness facility, community clubhouse and pool and spa. Close to The Biltmore Fashion Park, incredible dining experiences, The historic Arizona Biltmore, Wrigley's Mansion and hiking trails. Truly resort living at its finest! Come experience the Biltmore lifestyle!

Details

Property type

Condominium

Est. home value

$353,761

Lot size

1,167 sq ft

Price per sq ft

$411

Year built

1981

Annual property taxes

$1,689

Monthly HOA fee

$680

Price History

05/04/2024
ArizonaRegional

ArizonaRegional #6701120

Listed
$480,000
+33.33%
05/03/2023
ArizonaRegional

ArizonaRegional #6528226

Sold
$360,000
+41.18%
02/05/2019
ArizonaRegional

ArizonaRegional #5809225

Sold
$255,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Rose Lane School

Middle school: 

Madison #1 Middle School

High school: 

Camelback High School

Community features: 

Gated, Golf, Clubhouse, Fitness Center

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

$121,729
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$319,871
Cash to seller
$121,729

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2023

Original loan amount

$324,000

Est. remaining balance

$319,871

Interest rate

6.65%

Loan type

New Conventional, 30 year

Seller

Sarah Closson

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 9:00 AM

Listing updated: 06/09/2024 at 11:57 PM

Listed by: Destyn Moreno, Brokers Hub Realty, LLC Phone #: (602) 291-3015

MLS: ArizonaRegional #6701120

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