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$360,000

Beds
2
Baths
2.0
sq ft
1,380

5725 East Colby Street, Mesa, AZ 85205

5725 East Colby Street

Mesa, AZ 85205

  • 10 days on market
This charming modern throughout 2-bedroom, 2-bathroom home at 5725 E Colby St in Mesa, Arizona, offers 1,380 square feet of comfortable living space and has been thoughtfully remodeled to provide a modern and inviting atmosphere. The residence is located in the 55+ active adult community of Velda Rose Estates where residents can enjoy amenities (conveniently located right across the street) such as a heated community pool and spa, biking and walking paths, and a clubhouse. The open floor plan enhances the home's airy feel, with luxury vinyl plank flooring throughout and cozy carpeting in the bedrooms The kitchen boasts new cabinets, quartz countertops, and stainless steel appliances, including a stove, oven, microwave, and chef's vent hood. A new farm sink and faucet complete the space. Newly remodeled bathrooms, new roof, wired with multiple outdoor outlets. Two-car garage and three outdoor parking spaces. Situated on a 7,390-square-foot lot, the property offers a private backyard with low maintenance landscaping, 20x12 ft gazebo over back yard patio, and hot tub hook-up, providing a private and serene outdoor retreat.

Details

Property type

Single Family Residence

Est. home value

$316,858

Lot size

7,390 sq ft

Price per sq ft

$261

Year built

1963

Annual property taxes

$1,314

Monthly HOA fee

$18.33

Price History

02/13/2025
ArizonaRegional

ArizonaRegional #6820021

Listed
$360,000
+2.86%
09/13/2022
ArizonaRegional

ArizonaRegional #6435515

Sold
$350,000
+38.89%
03/07/2022
ArizonaRegional

ArizonaRegional #6358548

Sold
$252,000

Schools & Community

Elementary school: 

O'Connor Elementary School

Middle school: 

Shepherd Junior High School

High school: 

Red Mountain High School

Community features: 

Clubhouse, Pool, Sidewalks

High school district: 

Mesa Unified District

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

$77,527
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$253,673
Cash to seller
$77,527

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

September 2022

Original loan amount

$262,500

Est. remaining balance

$253,673

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Karl Chen and Deborah Chen

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: 02/23/2025 at 10:50 AM

Listing updated: 02/18/2025 at 3:33 PM

Listed by: Thomas L Wiederstein, Redfin Corporation Phone #: (602) 483-4919

MLS: ArizonaRegional #6820021

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