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$715,000

Beds
4
Baths
2.0
sq ft
2,156

5401 North 81st Place, Scottsdale, AZ 85250

5401 North 81st Place

Scottsdale, AZ 85250

  • 36 days on market
    • Price drop $34,500↓
Motivated sellers price improvement! *NO HOA*! The 4-bedroom, 2- bath floorplan with location in desirable Old Town Scottsdale. Walking distance to Chaparral Park and nearby highly-rated schools, the area is full of activity with residents out enjoying the neighborhood. Chaparral Park boasts bicycle paths, a beautiful lake, large grassy areas, a public pool, basketball courts, volleyball courts, baseball fields, and mixed-use activity areas. Just 15 minutes from Sky Harbor Airport, and a short drive to popular area hot spots including Scottsdale Fashion Square, Talking Stick Resort and Casino, Butterfly Wonderland, OdySea Aquarium, plenty of world-class restaurants, golf courses and shopping make this location so sought after. The home itself is thoughtfully designed with a mix of wood, tile, and carpet flooring, it's just waiting for you to put your own touches on it. The heart of the home is the fully-equipped, open-concept kitchen featuring beautiful oak cabinets and a spacious island, while the large, rustic brick wood-burning fireplace adds a cozy touch on cold winter days. An Arizona room addition provides extra living and entertainment space. An enclosed 2-car garage offers plenty of extra storage room. Step outside to a backyard built for entertaining, complete with a sparkling, 9' deep pool, covered patio, and built-in barbecue. Low property taxes, recent property updates include a new roof, and new pool pump in 2023.

Details

Property type

Single Family Residence

Est. home value

$823,429

Lot size

7,200 sq ft

Price per sq ft

$332

Year built

1966

Annual property taxes

$1,760

HOA

No

Price History

03/23/2025
ArizonaRegional

ArizonaRegional #6824306

Price change
$715,000
-4.6%
03/13/2025
ArizonaRegional

ArizonaRegional #6824306

Listed
$749,500
+128.33%
07/30/2014
ArizonaRegional

ArizonaRegional #5073480

Sold
$328,250

Schools & Community

Neighborhood: 

South Scottsdale

Elementary school: 

Navajo Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

Community features: 

Playground, Sidewalks

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

$354,298
Asking price
$715,000
Closing costs (~8% of asking)
-$57,200
Est. remaining loan balance
-$303,502
Cash to seller
$354,298

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2020

Original loan amount

$337,000

Est. remaining balance

$303,502

Interest rate

3.24%

Loan type

VA, 30 year

Seller

Christopher A Reeves and Renae M Reeves

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?

Status: Active

Tomo last checked: 04/01/2025 at 2:50 PM

Listing updated: 03/30/2025 at 11:56 PM

Listed by: Pamela Manwaring, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6824306

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