tomo logo

$475,000

Beds
2
Baths
2.0
sq ft
1,589

5200 South Lakeshore Drive Unit 204, Tempe, AZ 85283

5200 South Lakeshore Drive Unit 204

Tempe, AZ 85283

  • 5 days on market
THE LAKES + UPDATED CONDO + PRIME LOCATION + FABULOUS COMMUNITY AMENITES! 1589 sf floor plan, 2 bed/2 bath, offers an inviting open living space with a neutral color palette complimented with luxury vinyl plank floors, 2-cozy fireplaces and extended private balcony. Light & Bright with fresh new paint throughout and modern LED recessed lighting. The kitchen offers refinished white cabinetry, granite countertops, subway tile backsplash, farmhouse sink, newer R/O drinking filtration system and modern appliances. Both bathrooms have been updated with custom tile surrounds, large walk-in primary shower, updated vanities, and hardware. Extra Updated Enhancements Include: Garage door, motor, and trim work; Water Heater; tall toilets; Ceiling fans with LED lights and....... remotes; outlets and exhaust covers replaced throughout. HVAC units replaced (2016) and on a yearly maintenance system. N/S facing condo with spacious balcony having exit points off primary suite and main living space. Over-sized single garage plus designated second covered parking space convey with condo. The Lakes community offers fabulous amenities to include walking paths, relax in the heated pool, play a match on the tennis courts, or enjoy a workout at the gym there's something for everyone!

Details

Property type

Condominium

Est. home value

$394,866

Lot size

2,573 sq ft

Price per sq ft

$299

Year built

1983

Annual property taxes

$1,825

Monthly HOA fee

$364.5

Price History

12/16/2024
ArizonaRegional

ArizonaRegional #6794992

Listed
$475,000
+50.32%
12/17/2020
ArizonaRegional

ArizonaRegional #6123874

Sold
$316,000

Schools & Community

Elementary school: 

Rover Elementary School

Middle school: 

Fees College Preparatory Middle School

High school: 

Marcos De Niza High School

Community features: 

Gated, Tennis Court(s), Racquetball, Clubhouse, Fitness Center, Pool, Sidewalks

High school district: 

Tempe 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

$163,800
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$273,200
Cash to seller
$163,800

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

December 2020

Original loan amount

$300,200

Est. remaining balance

$273,200

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Guillermo Guerrero Jr

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 10:15 PM

Listing updated: 12/18/2024 at 11:00 AM

Listed by: Ashlee Donaldson, Keller Williams Arizona Realty Phone #: (480) 767-3000

MLS: ArizonaRegional #6794992

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