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$999,000

Beds
4
Baths
2.5
sq ft
1,815

5924 East Hearn Road, Scottsdale, AZ 85254

5924 East Hearn Road

Scottsdale, AZ 85254

  • 50 days on market
    • Price drop $26,000↓
Beautiful turnkey, fully furnished home for sale in Scottsdale's coveted 85254 zip code. Ideal for investors, this move-in ready vacation rental features a bonus room used as a 4th bedroom and a heated pool. Currently a successful Airbnb, it generates impressive income. Located near Kierland Commons and Scottsdale Quarter with no HOA restrictions! Designed for entertainment, the home includes a putting green, open concept great room, and a kitchen with a large island, granite countertops, custom cabinetry, and stainless steel appliances. The resort-style backyard has drought-tolerant landscaping, fruit trees, a gazebo, covered patio, and misting system. Short-term rental financials available on request. Don't miss this prime investment opportunity!

Details

Property type

Single Family Residence

Est. home value

$880,430

Lot size

0.25 acres

Price per sq ft

$551

Year built

1981

Annual property taxes

$3,586

Price History

06/05/2024
ArizonaRegional

ArizonaRegional #6707533

Price change
$999,000
-7.07%
05/18/2024
ArizonaRegional

ArizonaRegional #6671676

Removed
$1,075,000
+4.88%
05/18/2024
ArizonaRegional

ArizonaRegional #6707533

Listed
$1,025,000
-4.65%

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Desert Springs Preparatory Elementary School

Middle school: 

Desert Shadows Middle School - Scottsdale

High school: 

Horizon High 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

$239,515
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$679,565
Cash to seller
$239,515

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

October 2022

Original loan amount

$697,500

Est. remaining balance

$679,565

Interest rate

5.13%

Loan type

New Conventional, 30 year

Seller

Kyle Lewis and Michelle Lewis

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: 07/07/2024 at 3:25 PM

Listing updated: 06/24/2024 at 12:37 AM

Listed by: Melanie L. Johnston, Realty ONE Group Phone #: (602) 953-4000

MLS: ArizonaRegional #6707533

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