tomo logo

$4,600,000

Beds
6
Baths
5.5
sq ft
7,975

7550 North 21st Place, Phoenix, AZ 85020

7550 North 21st Place

Phoenix, AZ 85020

  • 165 days on market
    • Price drop $145,000↓
Experience the pinnacle of luxury living with this exceptional Mid-Century Modern hillside estate, meticulously crafted by renowned architect Arthur Froehlich. As you step into this architectural marvel, you're greeted by a stunning curved staircase that gracefully floats over a tranquil reflection pool, setting the stage for the extraordinary beauty that awaits. This residence embodies sophistication, boasting expansive windows and soaring ceilings that frame breathtaking skyline views, seamlessly blending the magnificence of nature with contemporary design. Revel in the harmonious fusion of indoor and outdoor living with two sprawling green spaces meticulously integrated into the mountainside, offering a serene oasis for both relaxation and entertainment. Encompassing over 7900 square feet, this estate features 6 bedrooms, 5.5 baths, and an array of amenities that redefine opulent living. Nestled beneath the main residence, the pool house beckons you to unwind by the shimmering pool, rock waterfall, and inviting patio, perfect for hosting gatherings and creating lasting memories. Retreat to the luxurious primary bedroom suite, surrounded by private patios and a deck offering panoramic vistas of the entire valley, ensuring a tranquil escape from the everyday hustle and bustle while enjoying 360-degree breathtaking views. Indulge in ultimate relaxation with three indoor fireplaces, an outdoor fireplace, and one in the pool house, along with an indoor steam room, sauna, and a hand-tiled indoor spa that exudes a resort-like ambiance. Immerse yourself in a botanical wonderland with rare plants and mature trees gracing the property, including majestic King Palms and fragrant Plumeria, creating a serene environment that soothes the soul. Every corner of this estate tells a story of luxury and elegance, with water features scattered throughout the grounds and picturesque walkways inviting exploration of this architectural gem. Discover the legacy of Arthur Froehlich, known for his iconic designs that transcend industries, from world-class horse race tracks to iconic structures in Hollywood, showcasing his unparalleled creativity and vision.

Details

Property type

Single Family Residence

Est. home value

$1,074,331

Lot size

1.64 acres

Price per sq ft

$577

Year built

1981

Annual property taxes

$20,459

Price History

10/02/2024
ArizonaRegional

ArizonaRegional #6715842

Listed
$4,600,000
10/01/2024
ArizonaRegional

ArizonaRegional #6715842

Removed
$4,600,000
09/30/2024
ArizonaRegional

ArizonaRegional #6715842

Price change
$4,600,000
-3.06%

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Heights Elementary School

Middle school: 

Madison #1 Middle School

High school: 

Camelback 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

$3,280,179
Asking price
$4,600,000
Closing costs (~8% of asking)
-$368,000
Est. remaining loan balance
-$951,821
Cash to seller
$3,280,179

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

Seller’s Loan History

Lender

Ctp Funding Corporation

Loan start date

October 2023

Original loan amount

$2,000,000

Est. remaining balance

$951,821

Interest rate

7.09%

Loan type

New Conventional, 2 year

Seller

21St Place Llc

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: 11/19/2024 at 8:20 AM

Listing updated: 11/04/2024 at 12:56 AM

Listed by: Janice K Delong, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6715842

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