tomo logo

$515,000

Beds
4
Baths
2.0
sq ft
2,109

718 West Paseo Way, Tempe, AZ 85283

718 West Paseo Way

Tempe, AZ 85283

  • 20 days on market
Welcome to this charming 4bed/2bath oasis in highly sought-after South Tempe. Step inside and be greeted by a warm and inviting atmosphere. The spacious open split floor plan includes not one, but two versatile Arizona rooms that can be utilized as a home office, a playroom, or an indoor gym! One of these rooms even comes with its own AC unit to keep you cool during those hot Arizona summers. This gem is just a stone's throw away from Kiwanis Park, making outdoor adventures and family picnics a breeze. Located in the esteemed Kyrene School District. The backyard is a true retreat, with low-maintenance artificial turf. this peaceful and quiet neighborhood is located less than 2 miles from freeways. AC Unit replaced in 2023! don't miss out on this south Tempe GEM!

Details

Property type

Single Family Residence

Est. home value

$446,259

Lot size

9,087 sq ft

Price per sq ft

$245

Year built

1985

Annual property taxes

$1,800

HOA

No

Price History

03/14/2025
ArizonaRegional

ArizonaRegional #6820626

Listed
$515,000
+22.62%
01/06/2023
ArizonaRegional

ArizonaRegional #6485395

Sold
$420,000
+42.37%
03/22/2018
ArizonaRegional

ArizonaRegional #5692000

Sold
$295,000

Schools & Community

Neighborhood: 

Tempe Royal Estates

Elementary school: 

Kyrene de la Mariposa School

Middle school: 

Kyrene Middle School

High school: 

Marcos De Niza High School

Community features: 

Sidewalks

High school district: 

Tempe 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

$84,640
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$389,160
Cash to seller
$84,640

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2023

Original loan amount

$399,000

Est. remaining balance

$389,160

Interest rate

6.61%

Loan type

New Conventional, 30 year

Seller

Donovan Henley and Kierra Henley

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: 03/16/2025 at 11:50 PM

Listing updated: 03/14/2025 at 8:08 PM

Listed by: Donovan Henley, Call Realty, Inc. Phone #: (480) 988-7100

MLS: ArizonaRegional #6820626

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