tomo logo

$359,500

Beds
3
Baths
2.0
sq ft
1,109

8055 South 7th Street, Phoenix, AZ 85042

8055 South 7th Street

Phoenix, AZ 85042

  • 63 days on market
    • Price drop $5,000↓
A charming 3 bed, 2 bath residence in Virginia Lee Tract is now for sale! Featuring gated parking and a sizeable front yard w/tons of landscaping potential, this is sure to be the home you've been looking for! Come inside to discover a sizeable living area w/custom palette throughout. The eat-in kitchen is equipped w/ample cabinet & counter space, tile backsplash, and a stainless-steel gas range. Cozy bedrooms and out back you'll find additional carport parking, back-alley access, and a convenient storage shed! Enjoy easy freeway access and close proximity to various restaurants and shopping spots! The good ones never last, hurry and act NOW!

Details

Property type

Single Family Residence

Est. home value

$313,616

Lot size

7,196 sq ft

Price per sq ft

$325

Year built

1964

Annual property taxes

$595

HOA

No

Price History

03/29/2025
ArizonaRegional

ArizonaRegional #6812391

Price change
$359,500
-1.37%
03/22/2025
ArizonaRegional

ArizonaRegional #6812391

Price change
$364,500
-1.35%
03/01/2025
ArizonaRegional

ArizonaRegional #6812391

Price change
$369,500
-2.25%

Schools & Community

Neighborhood: 

South Mountain

Elementary school: 

Maxine O Bush Elementary School

Middle school: 

Maxine O Bush Elementary School

High school: 

South Mountain High School

Community features: 

Sidewalks

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

$109,994
Asking price
$359,500
Closing costs (~8% of asking)
-$28,760
Est. remaining loan balance
-$220,746
Cash to seller
$109,994

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

June 2021

Original loan amount

$240,562

Est. remaining balance

$220,746

Interest rate

2.94%

Loan type

FHA, 30 year

Seller

Medardo J Vigil Reyes and Blanca O Reyes Reyes

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

Pending
ArizonaRegional
$359,990
3 bd
|
2 ba
|
1,276 sq ft
|
House

325 West Vineyard Road, Phoenix, AZ 85041

Price drop
ArizonaRegional
$343,000
3 bd
|
2 ba
|
1,100 sq ft
|
House

5237 South 14th Way, Phoenix, AZ 85040

Status: Active

Tomo last checked: 04/03/2025 at 1:45 AM

Listing updated: 04/01/2025 at 4:06 PM

Listed by: Velia Salazar, Bliss Realty & Investments Phone #: (480) 235-3617

MLS: ArizonaRegional #6812391

ArizonaRegional logo

Recently listed in Phoenix