tomo logo

$650,000

Beds
5
Baths
4.0
sq ft
2,880

917 South Montezuma Avenue, Phoenix, AZ 85003

917 South Montezuma Avenue

Phoenix, AZ 85003

  • 47 days on market
Fantastic opportunity for Multi-Generation Home or a multi-unit Income Producing Investment Property in Central Phoenix! Beautifully updated Main Residence with 2 bedrooms & Ensuite Baths, Large Loft has cityscape & mountains views. Attached to Main House is a 1 bed/1 bath Apartment with separate entrance & patio. Property also has Casita / Guest House on separate meter featuring stunning updated kitchen, 2 beds/1 bath, laundry and private patio. Both Studio & Additional Home previously used as income producing short term rental units. Do not miss out on this unique opportunity close to City Central dining, shopping, events, and transportation!

Details

Property type

Single Family Residence

Est. home value

$473,311

Lot size

6,500 sq ft

Price per sq ft

$226

Year built

1916

Annual property taxes

$615

Price History

09/26/2024
ArizonaRegional

ArizonaRegional #6762354

Listed
$650,000
-3.7%
08/08/2024
ArizonaRegional

ArizonaRegional #6665259

Removed
$675,000
05/23/2024
ArizonaRegional

ArizonaRegional #6665259

Price change
$675,000
-12.85%

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Lowell Elementary School - Phoenix

Middle school: 

Lowell Elementary School - Phoenix

High school: 

Central High School

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

$483,766
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$114,234
Cash to seller
$483,766

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2020

Original loan amount

$126,100

Est. remaining balance

$114,234

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Nayo Jones

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 3:45 PM

Listing updated: 09/25/2024 at 7:39 PM

Listed by: Anne Sheldon, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6762354

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