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$1,100,000

Beds
4
Baths
3.0
sq ft
3,015

701 West Cambridge Avenue, Phoenix, AZ 85007

701 West Cambridge Avenue

Phoenix, AZ 85007

  • 8 days on market
Step into this stunning historic home in the highly sought-after Encanto / Willo district of central Phoenix! Near the lush greens of the Encanto Golf Course, this over 3,000-square-foot residence exudes timeless charm with modern comforts. The main home boasts spacious living areas enhanced by recessed art lighting and dual-pane windows. Attached guest quarters, separate entrance with own full kitchen offers possibilities for rental, guests, 2nd master, or multi-generational living. Entertain in the expansive backyard, complete with a sparkling salt water pool, relaxing spa, and a large covered patio and built in bbq/fireplace perfect for year-round outdoor gatherings. Ideal location, historic appeal, and contemporary upgrades. This home is a true gem in the heart of Phoenix.

Details

Property type

Single Family Residence

Est. home value

$987,779

Lot size

8,703 sq ft

Price per sq ft

$365

Year built

1948

Annual property taxes

$2,452

HOA

No

Price History

02/14/2025
ArizonaRegional

ArizonaRegional #6809294

Listed
$1,100,000
+193.33%
10/23/2014
ArizonaRegional

ArizonaRegional #5108062

Sold
$375,000

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Encanto School

Middle school: 

Osborn Middle School

High school: 

Central 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

$672,678
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$339,322
Cash to seller
$672,678

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

Seller’s Loan History

Lender

V I P Mortgage Inc

Loan start date

March 2022

Original loan amount

$360,000

Est. remaining balance

$339,322

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Darwin Fisk Jr and Lloyd Louis Lo

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: 02/22/2025 at 8:30 PM

Listing updated: 02/21/2025 at 2:00 PM

Listed by: Butch Leiber, Rev Residential Brokerage Phone #: (602) 786-7770

MLS: ArizonaRegional #6809294

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