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$569,000

Beds
3
Baths
2.5
sq ft
1,038

711 East Mckinley Street, Phoenix, AZ 85006

711 East Mckinley Street

Phoenix, AZ 85006

  • 219 days on market
    • Price drop $20,000↓
Opportunity knocks!! Own this beautifully well kept downtown bungalow style brick historic home with casita in the heart of the GARFIELD HISTORIC DISTRICT. This property is zoned R5 which allows more units to be constructed/professional office/restaurant opportunities/commercial applications & many other types of opportunities. You could live and work there. Location, Location, Location! This property is located next to everything Talking Stick Arena, Chase Field, downtown ASU, Roosevelt Art District, light rail, boutique restaurants, and other venues. This property has been nicely updated w/HARDWOOD FLOORS, REMODELED KITCHEN, A/C, ROOF AND TANKLESS WATER HEATER IN 2017. The casita in the back has a bathroom & could be rented. Don't miss this opportunity to own this piece of PHX history.

Details

Property type

Single Family Residence

Est. home value

$559,991

Lot size

4,000 sq ft

Price per sq ft

$549

Year built

1911

Annual property taxes

$718

Price History

06/24/2024
ArizonaRegional

ArizonaRegional #6685960

Price change
$569,000
-3.4%
06/20/2024
ArizonaRegional

ArizonaRegional #6685960

Price change
$589,000
-1.83%
04/03/2024
ArizonaRegional

ArizonaRegional #6685960

Listed
$600,000
+20.12%

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Garfield School

Middle school: 

ASU Preparatory Academy - Phoenix Middle School

High school: 

North 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

$153,265
Asking price
$569,000
Closing costs (~8% of asking)
-$45,520
Est. remaining loan balance
-$370,215
Cash to seller
$153,265

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

June 2021

Original loan amount

$399,600

Est. remaining balance

$370,215

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Andrew Mirtich

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: 11/08/2024 at 3:05 PM

Listing updated: 09/29/2024 at 12:09 PM

Listed by: Laura Anderson, DeLex Realty Phone #: (602) 799-8630

MLS: ArizonaRegional #6685960

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