tomo logo

$275,000

Beds
4
Baths
2.0
sq ft
2,100

51651 West Highway 84, Maricopa, AZ 85139

51651 West Highway 84

Maricopa, AZ 85139

  • 291 days on market
    • Price drop $15,000↓
Investment Opportunity: Highly Motivated seller. Seize the opportunity to own a 4.9-acre ranch with historical ties to John Wayne's cattle business, now offered at a significantly reduced price of $349,000. This property is perfect for investors or cash buyers looking for a valuable project or return. The main brick-built home features 4 bedrooms, 2 baths, and an Arizona room with panoramic views, all awaiting your personalized touch. Listed for $620,000 under 2 years ago, the property's new price reflects the need for repairs and enhancements, including the removal of solar panels, tampered power wiring, a removed AC unit, and a tampered air handler unit. Additionally, the wells need work to be restored. These challenges present a unique opportunity to enhance the property's value. The seller is highly motivated, making this an ideal investment for those ready to revitalize this historic property. With ample garage space, 2 RV hookups offering potential income opportunities, and horse facilities, this ranch combines rustic charm with significant potential for modern living. Priced to attract cash buyers or investors ready to undertake a rewarding project, this estate promises significant returns on investment. Transform this historic property into a lucrative investment where every corner tells a story. Call your agent to get more information.

Details

Property type

Single Family Residence

Est. home value

$603,040

Lot size

4.99 acres

Price per sq ft

$131

Year built

1962

Annual property taxes

$861

Price History

11/18/2024
ArizonaRegional

ArizonaRegional #6656353

Listed
$275,000
11/07/2024
ArizonaRegional

ArizonaRegional #6656353

Pending
$275,000
10/29/2024
ArizonaRegional

ArizonaRegional #6656353

Price change
$275,000
-5.17%

Schools & Community

Elementary school: 

Stanfield Elementary School

Middle school: 

Casa Grande Middle School

High school: 

Casa Grande Union High School

High school district: 

Casa Grande Union High School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Plaza Home Mortgage Inc

Loan start date

July 2023

Original loan amount

$720,000

Est. remaining balance

Not provided

Interest rate

7.33%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 65 year

Seller

Sharon L Logan

Lender

Elwood Dirt Llc

Loan start date

January 2022

Original loan amount

$25,000

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Commercial

Seller

Sharon Logan

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: 11/23/2024 at 5:35 PM

Listing updated: 11/18/2024 at 4:00 PM

Listed by: Jose Guzman, eXp Realty Phone #: (888) 897-7821

MLS: ArizonaRegional #6656353

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