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$849,000

Beds
3
Baths
2.0
sq ft
2,435

8243 S 40th St, Phoenix, AZ 85042

8243 S 40th St

Phoenix, AZ 85042

  • 8 days on market
Gorgeous, fully remodeled 3-bedroom, 2-bathroom home with a bonus room, located in a peaceful neighborhood near South Mountain Preserve. This 2,435 sq ft home on a spacious 0.46-acre lot has been completely updated inside and out with high-end finishes. It features brand new wood-look ceramic tile flooring in a herringbone pattern, fresh paint, and all-new lighting throughout. The stunning kitchen boasts floor-to-ceiling cabinets, quartz countertops, stainless steel appliances, a large 9'x4' island, and a 36'' farmhouse sink, perfect for entertaining. Both bathrooms are fully remodeled, with the primary bath offering a walk-in pebble shower, and the guest bath featuring a soaking tub and granite countertops. The home also has a new roof, Bosch A/C unit, new flooring, drywall, water heater .. and water filtration system. Outside, enjoy a fully fenced backyard with built-in planters, a playground, and beautiful mountain views. The property includes a 792 sq ft garage workshop, 600 sq ft carport, and gated RV enclosure. With easy access to major freeways, Sky Harbor Airport, and downtown Phoenix, this home offers modern upgrades, space, and tranquility in a prime location.

Details

Property type

Single Family Residence

Est. home value

$620,089

Lot size

0.47 acres

Price per sq ft

$349

Year built

1963

Annual property taxes

$2,203

Price History

09/11/2024
ArizonaRegional

ArizonaRegional #6755368

Listed
$849,000
+41.5%
12/14/2021
ArizonaRegional

ArizonaRegional #6317799

Sold
$600,000

Schools & Community

Neighborhood: 

South Mountain

Elementary school: 

Nevitt Elementary School

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

High school district: 

Tempe 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

$245,691
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$535,389
Cash to seller
$245,691

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

$570,000

Est. remaining balance

$535,389

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Clea Mcgregor Edwards and Jason Cedric Edwards

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: 09/19/2024 at 10:00 AM

Listing updated: 09/19/2024 at 7:59 AM

Listed by: Milan Brkic, eXp Realty Phone #: (888) 897-7821

MLS: ArizonaRegional #6755368

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