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$245,000

Beds
1
Baths
1.0
sq ft
680

5877 North Granite Reef Road Unit 2203, Scottsdale, AZ 85250

5877 North Granite Reef Road Unit 2203

Scottsdale, AZ 85250

  • 52 days on market
This 1-bedroom, 1-bath condo in Central Scottsdale offers the perfect blend of convenience and comfort. Recently updated with new windows, it's centrally located near shopping, the Indian Bend Greenbelt for walking and running, as well as nearby golf courses and downtown Scottsdale. The unit is on a central chiller system, meaning the HOA covers the cost of AC, leaving you with just the electric bill for your plug-ins. The community features a heated pool and spa, tennis courts, and a fitness center, making it an ideal spot for active living. Whether you're looking for a lock-and-go rental, a vacation spot, or a place to settle down, this condo offers a low-maintenance lifestyle in a prime location.

Details

Property type

Condominium

Est. home value

$223,060

Lot size

Unknown

Price per sq ft

$361

Year built

1980

Annual property taxes

$546

Monthly HOA fee

$286

Price History

02/08/2025
ArizonaRegional

ArizonaRegional #6817846

Listed
$245,000

Schools & Community

Neighborhood: 

South Scottsdale

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

Community features: 

Tennis Court(s), Clubhouse, Pool

High school district: 

Scottsdale 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

$130,470
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$94,930
Cash to seller
$130,470

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

December 2020

Original loan amount

$105,000

Est. remaining balance

$94,930

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Jerry Koster and Marlene Koster

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: 04/01/2025 at 2:40 PM

Listing updated: 02/11/2025 at 4:51 PM

Listed by: Lori Froelich, Berkshire Hathaway HomeServices Arizona Properties Phone #: (480) 505-6300

MLS: ArizonaRegional #6817846

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