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$710,000

Beds
4
Baths
2.0
sq ft
2,364

5618 South Sailors Reef Road, Tempe, AZ 85283

5618 South Sailors Reef Road

Tempe, AZ 85283

  • 22 days on market
Welcome to your oasis at the prestigious community of The Lakes of Tempe! Discover this beautifully remodeled 4-bedroom, 2-bathroom, 2,364 sq. ft. home, ideally located near the tranquil lake, flowing stream, and all the amenities of The Lakes Clubhouse! This home showcases elegant wood plank tile flooring, stylish Shaker-style cabinetry, and gleaming granite countertops in both the kitchen and bathrooms. Enjoy your luxurious tiled showers, plantation shutters on all windows, a striking stone fireplace and recessed lighting, Vaulted ceilings create an inviting and airy ambiance the moment you step inside. The low-maintenance backyard is an entertainer's dream, featuring a covered patio, an extended travertine deck, and a private putting green.

Details

Property type

Single Family Residence

Est. home value

$672,474

Lot size

5,253 sq ft

Price per sq ft

$301

Year built

1971

Annual property taxes

$2,377

Monthly HOA fee

$117

Price History

03/19/2025
ArizonaRegional

ArizonaRegional #6834214

Listed
$710,000
+4.57%
08/01/2024
ArizonaRegional

ArizonaRegional #6606856

Removed
$679,000
10/12/2023
ArizonaRegional

ArizonaRegional #6606856

Listed
$679,000
+35.8%

Schools & Community

Elementary school: 

Rover Elementary School

Middle school: 

Fees College Preparatory Middle School

High school: 

Marcos De Niza High School

Community features: 

Lake, Tennis Court(s), Racquetball, Playground, 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

$221,436
Asking price
$710,000
Closing costs (~8% of asking)
-$56,800
Est. remaining loan balance
-$431,764
Cash to seller
$221,436

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

Seller’s Loan History

Lender

V I P Mortgage Inc

Loan start date

March 2021

Original loan amount

$475,000

Est. remaining balance

$431,764

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Christina Whitney and Lane Whitney

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: 04/04/2025 at 2:25 AM

Listing updated: 03/23/2025 at 12:27 AM

Listed by: Anthony E Perez, My Home Group Real Estate Phone #: (480) 685-2760

MLS: ArizonaRegional #6834214

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