tomo logo

$499,900

Beds
3
Baths
2.0
sq ft
1,611

638 West 16th Street, Tempe, AZ 85281

638 West 16th Street

Tempe, AZ 85281

  • 3 days on market
Great investment property located minutes from ASU, Mill Ave, and Tempe Town Lake! This nostalgic beauty sits on a large corner lot, offering endless potential to design your own landscape. The neat interior boasts spacious living areas, tile flooring in high-traffic areas, plush carpet in the right places, and a wood-burning fireplace. The Galley kitchen features ample cabinetry and stainless steel appliances. The main bedroom has an immaculate private bathroom & a walk-in closet. The large backyard is a blank canvas waiting on its new owner's creative touch. Roof, HVAC, water heater & SS appliances installed in 2022. Double-paned windows, sliding glass doors, and solid wood doors installed in 2023. Come see this abode before it's gone!

Details

Property type

Single Family Residence

Est. home value

$480,443

Lot size

8,298 sq ft

Price per sq ft

$311

Year built

1967

Annual property taxes

$1,572

HOA

No

Price History

02/28/2025
ArizonaRegional

ArizonaRegional #6827630

Listed
$499,900
+9.87%
02/03/2023
ArizonaRegional

ArizonaRegional #6475653

Sold
$455,000

Schools & Community

Neighborhood: 

Marilyn Ann

Elementary school: 

Holdeman Elementary School

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

Community features: 

Playground

High school district: 

Tempe 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

$99,120
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$360,788
Cash to seller
$99,120

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

Seller’s Loan History

Lender

Guardian Mortgage Co Inc

Loan start date

January 2023

Original loan amount

$370,000

Est. remaining balance

$360,788

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Danyela Sutthida Brockman and Ernest Milton Brockman Iii

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?

Status: Active

Tomo last checked: 03/03/2025 at 4:15 PM

Listing updated: 02/27/2025 at 8:18 PM

Listed by: Dee Buizer, Bliss Realty & Investments Phone #: (480) 235-3617

MLS: ArizonaRegional #6827630

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