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$890,000

Beds
4
Baths
2.0
sq ft
2,258

5502 East Karen Drive, Scottsdale, AZ 85254

5502 East Karen Drive

Scottsdale, AZ 85254

  • 4 days on market
Discover your dream home in the coveted 85254 ZIP Code! This beautifully furnished, single-level residence offers nearly 2,300 square feet of luxurious living space, featuring 4 spacious bedrooms and 2 full baths. Nestled in North Scottsdale, you'll be close to Kierland and Scottsdale Quarter, enjoying the best of local amenities! Waste Management Open is just right up the street! Step inside to find high ceilings and brand-new flooring throughout. The private backyard is perfect for entertaining, complete with synthetic turf and a heated pool. Solar panels help keeps the electricity costs low, making this home as efficient as it is elegant. Additional highlights include a large 3 car garage & the freedom of NO HOA. Don't miss your chance to call this stunning property your home!

Details

Property type

Single Family Residence

Est. home value

$824,597

Lot size

8,081 sq ft

Price per sq ft

$395

Year built

1994

Annual property taxes

$3,121

Price History

06/26/2024
ArizonaRegional

ArizonaRegional #6723866

Listed
$890,000
+36.92%
07/21/2021
ArizonaRegional

ArizonaRegional #6233255

Sold
$650,000

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Liberty Elementary School - Scottsdale

Middle school: 

Sunrise Middle School

High school: 

Horizon School

High school district: 

Paradise Valley 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

$332,581
Asking price
$890,000
Closing costs (~8% of asking)
-$71,200
Est. remaining loan balance
-$486,219
Cash to seller
$332,581

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

June 2021

Original loan amount

$520,000

Est. remaining balance

$486,219

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Gayathrinath Nagarajan and Malavika Narayan

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: 06/30/2024 at 12:20 PM

Listing updated: 06/26/2024 at 8:33 PM

Listed by: Stacy Hecht, RE/MAX Desert Showcase Phone #: (623) 979-8888

MLS: ArizonaRegional #6723866

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