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$414,500

Beds
2
Baths
1.0
sq ft
896

6834 East 4th Street Unit 17, Scottsdale, AZ 85251

6834 East 4th Street Unit 17

Scottsdale, AZ 85251

  • 141 days on market
    • Price drop $400↓
Investor Alert! Prime opportunity awaits in the heart of Old Town Scottsdale with this 2-bedroom, 1-bathroom condo perfectly positioned for maximum rental potential. Located within walking distance to Old Town Scottsdale's amenities, including entertainment, arts, shopping, dining, and the waterfront, this property promises high tenant demand year-round. This condo offers tenants a serene retreat in a bustling urban setting with a desirable double-door entrance overlooking the community pool and vibrant grounds. Renovated with new plumbing in 2019, the unit combines modern comfort with historic charm. Nestled within the quaint Americana community, featuring just 20 units centered around a tranquil courtyard and pool, this property offers a unique investment opportunity. With all utilities covered by the HOA, managing expenses is a breeze. Currently operating as a successful short-term rental, this condo is primed for immediate income generation. Don't miss out on this turnkey investment in one of Scottsdale's most sought-after locations!

Details

Property type

Condominium

Est. home value

$393,279

Lot size

89 sq ft

Price per sq ft

$463

Year built

1958

Annual property taxes

$427

Monthly HOA fee

$411.85

Price History

05/08/2024
ArizonaRegional

ArizonaRegional #6661925

Price change
$414,500
-0.1%
05/08/2024
ArizonaRegional

ArizonaRegional #6661925

Removed
$414,900
04/12/2024
ArizonaRegional

ArizonaRegional #6661925

Price change
$414,900
-1.1%

Schools & Community

Neighborhood: 

South Scottsdale

Elementary school: 

Tavan Elementary School

Middle school: 

Ingleside Middle School

High school: 

Arcadia High School

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

$26,020
Asking price
$414,500
Closing costs (~8% of asking)
-$33,160
Est. remaining loan balance
-$355,320
Cash to seller
$26,020

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$364,500

Est. remaining balance

$355,320

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Robin Islam

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: 07/02/2024 at 9:35 AM

Listing updated: 05/08/2024 at 12:43 PM

Listed by: Jorge L Quijada, Arizona Proper Real Estate LLC Phone #: (602) 299-5557

MLS: ArizonaRegional #6661925

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