tomo logo

$400,000

Beds
4
Baths
2.5
sq ft
1,870

815 East Carter Road, Phoenix, AZ 85042

815 East Carter Road

Phoenix, AZ 85042

  • <1 day on market
''Turnkey Investment Opportunity! This extensively renovated 4-bedroom, 2.5-bathroom home, totaling 1870 sq ft, offers immediate cash flow potential. Every aspect has been upgraded, from new plumbing and electrical systems to a brand-new roof, flooring, kitchen, and bathrooms. Situated on a desirable corner lot near downtown Phoenix, enjoy mountain views and an additional 700 sq ft finished garage. Previously operated as a Behavioral Health Residential Facility (BHRF), it's ready for a new owner/operator.''

Details

Property type

Single Family Residence

Est. home value

$365,321

Lot size

6,926 sq ft

Price per sq ft

$214

Year built

1962

Annual property taxes

$2,476

HOA

No

Price History

03/14/2025
ArizonaRegional

ArizonaRegional #6835528

Listed
$400,000
+8.11%
01/23/2023
ArizonaRegional

ArizonaRegional #6461416

Sold
$370,000
+34.55%
05/11/2022
ArizonaRegional

ArizonaRegional #6394436

Sold
$275,000

Schools & Community

Neighborhood: 

South Mountain

Elementary school: 

Bernard Black Elementary School

Middle school: 

Cesar E Chavez Community 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

$97,209
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$270,791
Cash to seller
$97,209

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

Seller’s Loan History

Lender

Pacific Residential Mortgage Llc

Loan start date

January 2023

Original loan amount

$277,500

Est. remaining balance

$270,791

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Tejas Ajmeri

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: 03/14/2025 at 2:15 PM

Listing updated: 03/14/2025 at 1:48 PM

Listed by: Oscar Silva Herrera, EPIC Home Realty Phone #: (623) 547-6710

MLS: ArizonaRegional #6835528

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