tomo logo

$359,500

Beds
3
Baths
2.0
sq ft
1,092

850 South River Drive Unit 1002, Tempe, AZ 85281

850 South River Drive Unit 1002

Tempe, AZ 85281

  • 1 day on market
Fully Remodeled 3-Bed, 2-Bath Condo in Tempe's 85281 is a rare find! With over $70k in upgrades, it offers modern luxury and an unbeatable location near ASU, 101 and 202 freeways. Just minutes from Scottsdale. Gorgeous kitchen featuring white shaker cabinets, quartz countertops, stylish backsplash, stainless steel appliances and beautiful swan faucet. Dual master bedrooms with updated bathrooms, lots of closet space. The rustic barn wood from Minnesota and shiplapped vaulted ceilings are very inviting! Enjoy the oversized patio for morning coffee or evening wine. Close to Cubs Spring Training. Third bedroom can be used as an office or nursery! Enjoy community pool and all the conveniences of restaurants close by. Will go quick!

Details

Property type

Townhouse

Est. home value

$356,333

Lot size

757 sq ft

Price per sq ft

$330

Year built

1985

Annual property taxes

$995

Monthly HOA fee

$244

Price History

02/03/2025
ArizonaRegional

ArizonaRegional #6814947

Listed
$359,500
-1.78%
09/27/2023
ArizonaRegional

ArizonaRegional #6585000

Sold
$366,000

Schools & Community

Neighborhood: 

Escalante

Elementary school: 

Flora Thew Elementary School

Middle school: 

Geneva Epps Mosley Middle School

High school: 

McClintock High School

Community features: 

Gated, Pool, Sidewalks

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

$42,030
Asking price
$359,500
Closing costs (~8% of asking)
-$28,760
Est. remaining loan balance
-$288,710
Cash to seller
$42,030

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

September 2023

Original loan amount

$292,800

Est. remaining balance

$288,710

Interest rate

6.9%

Loan type

New Conventional, 30 year

Seller

Larae Neal and Richard Neal

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: 02/05/2025 at 10:50 AM

Listing updated: 02/04/2025 at 10:35 AM

Listed by: Rosalie Soward, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6814947

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