tomo logo

$685,000

Beds
5
Baths
3.5
sq ft
3,118

8533 West Desert Elm Lane, Peoria, AZ 85383

8533 West Desert Elm Lane

Peoria, AZ 85383

  • 188 days on market
    • Price drop $50,000↓
Just reduced, priced to sell! Great house w/ an even better lot!!! This beautiful home sits on a very private corner lot so that you can enjoy the open space behind you from your very own resort like backyard. One of the few homes available that has a private casita (243sqft) for extended family or the occasional guest. This home has great flooring throughout, the eat in kitchen has granite counters, double ovens, built in wine rack, and large walk in pantry with additional storage under the stairs. The very spacious primary suite is conviently located on the main level. There is also a large loft that has been partitioned to create a 6th bedroom plus and has a balcony to enjoy the mountain views.. You don't see many 6 beds plus a loft in this price range. This home won't last!

Details

Property type

Single Family Residence

Est. home value

$674,087

Lot size

7,296 sq ft

Price per sq ft

$220

Year built

2003

Annual property taxes

$2,794

Monthly HOA fee

$83.02

Price History

10/27/2024
ArizonaRegional

ArizonaRegional #6696966

Price change
$685,000
-6.8%
10/14/2024
ArizonaRegional

ArizonaRegional #6696966

Price change
$735,000
-2%
08/30/2024
ArizonaRegional

ArizonaRegional #6696966

Listed
$750,000

Schools & Community

Elementary school: 

West Wing Elementary

Middle school: 

West Wing Elementary

High school: 

Sandra Day O'Connor High School

Community features: 

Tennis Court(s), Playground

High school district: 

Deer Valley Unified 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

$294,730
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$335,470
Cash to seller
$294,730

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

August 2017

Original loan amount

$393,277

Est. remaining balance

$335,470

Interest rate

3.91%

Loan type

VA, 30 year

Seller

Chester Cunningham and Karen Cunningham

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: 11/12/2024 at 1:00 PM

Listing updated: 10/27/2024 at 2:10 PM

Listed by: Bryan Degregoris, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6696966

ArizonaRegional logo

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