tomo logo

$627,173Estimated home value

Beds
3
Baths
1.75
sq ft
1,698

7525 East Palm Lane, Scottsdale, AZ 85257

7525 East Palm Lane

Scottsdale, AZ 85257

  • Sold On 1/6/2017
    • Price drop $20,000↓
This spacious, light & bright COMPLETE remodel is conveniently located to Old Town Scottsdale's finest! A block away from an awesome park featuring a water play area, lap & diving pools. Plus, it's a short cab ride to the entertainment district including Spring Training, chic shopping & hip eateries. Enter the home into a clean & clear kitchen with beautiful flooring in all the right places! Everything flows nicely, including the bonus room with access to both the carport & easy-to-maintain backyard. Included in the oversized backyard is an expansive patio, RV gate with parking and just the right amount of green. Back inside, the bedrooms stay comfortable thanks to sleek new ceiling fans and lush carpeting. The master bedroom boasts an attractive 3/4 bathroom. Catch this one while you can

Details

Property type

Single Family Residence

Est. home value

$627,173

Lot size

7,479 sq ft

Price per sq ft

$207

Year built

1957

Annual property taxes

$1,244

HOA

No

Price History

03/06/2025
ArizonaRegional

ArizonaRegional #6800050

Removed
$620,000
02/11/2025
ArizonaRegional

ArizonaRegional #6800050

Price change
$620,000
-3.13%
01/04/2025
ArizonaRegional

ArizonaRegional #6800050

Listed
$640,000
+89.63%

Schools & Community

Neighborhood: 

South Scottsdale

Elementary school: 

Pima Elementary School

Middle school: 

Supai Middle School

High school: 

Coronado 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

$92,000
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$229,908
Cash to seller
$92,000

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

Seller’s Loan History

Lender

Winnpointe Corporation

Loan start date

August 2020

Original loan amount

$255,200

Est. remaining balance

$229,908

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Michael Melley and Saga Melley

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$339,900
3 bd
|
2 ba
|
1,131 sq ft
|
House

2901 North Miller Road, Scottsdale, AZ 85251

Price drop
ArizonaRegional
$550,000
3 bd
|
2 ba
|
1,439 sq ft
|
House

6934 East Coronado Road, Scottsdale, AZ 85257

Status: Off Market

Tomo last checked: 04/03/2025 at 11:55 AM

Listing updated: 12/13/2024 at 8:07 PM

Listed by: Lisa Parsons, Venture REI, LLC Phone #: (480) 858-8734

MLS: ArizonaRegional #5488571

ArizonaRegional logo