tomo logo

$2,150,000

Beds
2
Baths
2.5
sq ft
2,621

6737 North 20th Street, Phoenix, AZ 85016

6737 North 20th Street

Phoenix, AZ 85016

  • <1 day on market
''Rancho Arroyo''...a stunning authentic adobe compound brimming w/ character & charm on a large privately gated lot in the heart of the Valley. This a unique opportunity to live a creative life surrounded by a private desert oasis yet close to everything. The main house offers plank & beam ceilings, stained & scored cement floors, wooden casement windows & cozy fireplaces. Your friends & family will never leave the guest cottage w/ its own bedroom, living room, a quaint little kitchenette & attached open-air potting shed. The grounds include many specimen trees & cacti, secret pathways, an exterior fireplace, a steel-framed spa & a peaceful man-made babbling brook. This fully restored home dates back to 1926 and is on the National Register of Historic Places. It will steal your heart!!

Details

Property type

Single Family Residence

Est. home value

$1,301,251

Lot size

0.88 acres

Price per sq ft

$821

Year built

1934

Annual property taxes

$5,043

Price History

10/09/2024
ArizonaRegional

ArizonaRegional #6768741

Listed
$2,150,000
+65.38%
09/29/2021
ArizonaRegional

ArizonaRegional #6250783

Sold
$1,300,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Heights Elementary School

Middle school: 

Madison #1 Middle School

High school: 

Camelback High School

High school district: 

Phoenix 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

$1,007,590
Asking price
$2,150,000
Closing costs (~8% of asking)
-$172,000
Est. remaining loan balance
-$970,410
Cash to seller
$1,007,590

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

September 2021

Original loan amount

$1,040,000

Est. remaining balance

$970,410

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Carol Patricia Burdick and George E Burdick

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: 10/09/2024 at 4:25 PM

Listing updated: 10/09/2024 at 3:41 PM

Listed by: Grant Almquist, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6768741

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