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$875,000

Beds
2
Baths
2.0
sq ft
1,726

8 Biltmore Estates Drive Unit 114, Phoenix, AZ 85016

8 Biltmore Estates Drive Unit 114

Phoenix, AZ 85016

  • 291 days on market
    • Price drop $22,000↓
Enjoy resort style lock and leave living in this 2 bedroom 2 bathroom luxury condominium at the fabulous Fairway Lodge. Beautifully well-maintained grounds, pool and spa, fitness center, clubhouse, and underground parking! This prime corner unit is located on the first floor and offers easy access from the parking elevators. Inside you'll find high ceilings, plenty of natural light, cherry wood cabinetry, granite counters, Subzero & Wolf appliances, engineered wood and travertine flooring, and a stunning gas fireplace. The master retreat features a private patio and an ensuite with double vanities and walk-in closets. Steps away from the Iconic Arizona Biltmore Resort, walking distance from great restaurants, shopping,10 minute drive to Sky Harbor Airport!

Details

Property type

Condominium

Est. home value

$954,782

Lot size

1,798 sq ft

Price per sq ft

$507

Year built

2007

Annual property taxes

$6,795

Monthly HOA fee

$1,465

Price History

08/08/2024
ArizonaRegional

ArizonaRegional #6641901

Price change
$875,000
-2.45%
04/15/2024
ArizonaRegional

ArizonaRegional #6641901

Price change
$897,000
-5.48%
04/01/2024
ArizonaRegional

ArizonaRegional #6641901

Listed
$949,000

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison #1 Middle School

Middle school: 

Madison #1 Middle School

High school: 

Camelback High School

Community features: 

Gated, Golf, Clubhouse, Fitness Center

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

$241,909
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$563,091
Cash to seller
$241,909

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2021

Original loan amount

$599,250

Est. remaining balance

$563,091

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Patrick N Bays

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: 10/05/2024 at 5:35 PM

Listing updated: 10/03/2024 at 2:29 PM

Listed by: Philippe D Tibi, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6641901

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