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$1,750,000

Beds
4
Baths
3.0
sq ft
2,908

5501 East Camelback Road, Phoenix, AZ 85018

5501 East Camelback Road

Phoenix, AZ 85018

  • 36 days on market
    • Price drop $350,000↓
The best location is on Camelback Rd. Give it a shot. There is little to no road noise due to the private feeder street, 30 yards of buffer and vegetation, and unobstructed views of Camelback. No HOA. This 2900 sq ft home is the perfect entrance to Arcadia with massive upside in this lightly renovated property. The property features an Open kitchen to family room with FP, Formal dining room, living room, and 3 spacious secondary bedrooms with 1.5 baths. Huge primary suite with room for office or workout space and renovated bathroom. Side entry 3 car garage. Massive backyard with RV gates, diving pool, and extended-length covered patio. Property features incredible upside due to location. This is the lowest price on near an acre in the area. 2 current lots on the market for 2.4 and 2.6 million for dirt only. New carpet, paint, and ready to move in. Full home inspection is available as well. Plus approved plans from the city of Phoenix for new 8500 sq ft home. $50k credit towards pool replaster and repairs. Currently empty and can be filled for financing.

Details

Property type

Single Family Residence

Est. home value

$2,048,504

Lot size

0.77 acres

Price per sq ft

$602

Year built

1972

Annual property taxes

$5,975

Price History

10/19/2024
ArizonaRegional

ArizonaRegional #6753183

Price change
$1,750,000
-16.67%
10/04/2024
ArizonaRegional

ArizonaRegional #6753183

Listed
$2,100,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Hopi Elementary School

Middle school: 

Ingleside Middle School

High school: 

Arcadia High School

High school district: 

Scottsdale Unified 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

Frys Holdings Llc

Loan start date

September 2023

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Not Provided

Seller

F&F1 Llc and Steve Valentine

Lender

Vontive Inc

Loan start date

September 2022

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial

Seller

F&F1 Llc

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: 11/08/2024 at 7:40 PM

Listing updated: 10/21/2024 at 12:32 AM

Listed by: Steve Valentine, Real Broker Phone #: (602) 324-0220

MLS: ArizonaRegional #6753183

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