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$1,184,080Estimated home value

Beds
4
Baths
3.0
sq ft
2,347

635 West Echo Lane, Phoenix, AZ 85021

635 West Echo Lane

Phoenix, AZ 85021

  • Sold On 8/23/2024
    • Price drop $50,000↓
huge price reduction! Luxurious 4-Bedroom Home in Gated Community: Previous buyer's loss is your gain! This stunning 2017-built home in Manors at Butler North is back on the market. Nestled in a gated community, this luxurious 4-bedroom gem with high-end finishes offers: Gourmet kitchen with wood cabinetry, granite countertops, SS appliances, and a huge island. Wood plank tile flooring, soaring ceilings, & elegant fireplace. Multi-sliding glass doors brings the outdoors in. Private backyard with covered patio, new custom pool, spa, and designer stone deck. Spacious master suite with ensuite bathroom and walk-in closet. Full window coverings, motorized skylight coverings, and blackout blinds on bedroom-facing windows. New garage cabinets. 3 separate AC zones. Close to parks and fine dining This gem won't disappoint!

Details

Property type

Single Family Residence

Est. home value

$1,184,080

Lot size

8,239 sq ft

Price per sq ft

$490

Year built

2017

Annual property taxes

$4,757

Monthly HOA fee

$375

Price History

08/21/2024
ArizonaRegional

ArizonaRegional #6687715

Sold
$1,100,000
-4.35%
08/02/2024
ArizonaRegional

ArizonaRegional #6687715

Pending
$1,150,000
07/04/2024
ArizonaRegional

ArizonaRegional #6687715

Price change
$1,150,000
-4.17%

Schools & Community

Neighborhood: 

North Mountain

Elementary school: 

Richard E Miller School

Middle school: 

Royal Palm Middle School

High school: 

Sunnyslope High School

Community features: 

Gated

High school district: 

Glendale 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

$418,573
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$639,427
Cash to seller
$418,573

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2022

Original loan amount

$677,500

Est. remaining balance

$639,427

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Sherida Colvin and Michael Chance

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: Off Market

Tomo last checked: 10/05/2024 at 12:10 PM

Listing updated: 08/25/2024 at 7:47 PM

Listed by: Jeffrey Daniels, HomeSmart Phone #: (602) 889-2135

MLS: ArizonaRegional #6687715

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