tomo logo

$299,000

Beds
2
Baths
2.0
sq ft
1,297

5627 East Covina Road, Mesa, AZ 85205

5627 East Covina Road

Mesa, AZ 85205

  • 61 days on market
    • Price drop $16,000↓
Welcome to the 55+ community of Velda Rose Estates! This charming 2-bedroom, 2 bathroom corner lot home offers a low-maintenance front yard and a garage. Inside, enjoy tile and wood-look floors, a cozy living/dining area, and an AZ room perfect for entertaining. The kitchen boasts all brand new stainless steel appliances, white cabinetry, quartz counters, and a mosaic tile backsplash. Both bedrooms provide restful retreats, with laundry conveniently located in the second bathroom. Outside, relax on the screened-in patio or take advantage of the storage shed. Community perks include a refreshing pool, spa, and more! Make this gem yours today!

Details

Property type

Single Family Residence

Est. home value

$285,188

Lot size

8,337 sq ft

Price per sq ft

$231

Year built

1968

Annual property taxes

$800

Monthly HOA fee

$18.33

Price History

01/29/2025
ArizonaRegional

ArizonaRegional #6789500

Price change
$299,000
-5.08%
01/19/2025
ArizonaRegional

ArizonaRegional #6789500

Price change
$315,000
-1.56%
01/04/2025
ArizonaRegional

ArizonaRegional #6789500

Price change
$320,000
-1.54%

Schools & Community

Elementary school: 

Adult

Middle school: 

Adult

High school: 

Adult

Community features: 

Clubhouse, Pool

High school district: 

Adult

Senior community center: 

Yes

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

$37,039
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$238,041
Cash to seller
$37,039

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2022

Original loan amount

$248,750

Est. remaining balance

$238,041

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Terry Gene Greger and Sally Lynette Greger

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: 02/05/2025 at 9:55 AM

Listing updated: 01/29/2025 at 12:10 PM

Listed by: Brittney Strumer, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6789500

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