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$595,000

Beds
2
Baths
1.0
sq ft
1,047

71 East Hoover Avenue, Phoenix, AZ 85004

71 East Hoover Avenue

Phoenix, AZ 85004

  • Pending
Nestled in the historic Ashland Place district, this 1920s red brick bungalow offers the perfect blend of historic charm and modern sophistication. Thoughtfully designed by Ron Elliott Studio and ready for construction, this home honors its heritage while reimagining it for contemporary living. With final plans approved as of December 2024 by both the City of Phoenix's Planning & Development and Historic Preservation departments, the home is construction-ready. These approvals save buyers significant time and effort, bypassing the 8 month design phase and the additional 6-9 months of the approval process. This rare opportunity to own a new build within a historic shell in a coveted neighborhood awaits. Don't miss your chance to bring this architectural vision to life and make it your own!

Details

Property type

Single Family Residence

Est. home value

$564,327

Lot size

0.24 acres

Price per sq ft

$569

Year built

1920

Annual property taxes

$2,964

HOA

No

Price History

01/06/2025
ArizonaRegional

ArizonaRegional #6800287

Pending
$595,000
01/04/2025
ArizonaRegional

ArizonaRegional #6800287

Listed
$595,000
+11.84%
09/16/2022
ArizonaRegional

ArizonaRegional #6438745

Sold
$532,000

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Ralph Waldo Emerson Elementary School

Middle school: 

Ralph Waldo Emerson Elementary School

High school: 

Central High School

High school district: 

Phoenix Union High School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fairway Independent Mortgage Corp

Loan start date

September 2022

Original loan amount

$505,400

Est. remaining balance

$488,969

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Chad Wolver and Marco Enriquez

Lender

Fairway Independent Mortgage Corp

Loan start date

September 2022

Original loan amount

$505,400

Est. remaining balance

$488,969

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Chad Wolver and Marco Enriquez

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: Pending/Under Contract

Tomo last checked: 01/06/2025 at 1:35 PM

Listing updated: 01/06/2025 at 12:05 PM

Listed by: Evan Loo, Real Broker Phone #: (602) 755-3415

MLS: ArizonaRegional #6800287

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