Location Location Location. Patio home is 2-Bedroom / 2-Bathroom / 2-car garage with 2-car driveway. It's a small, friendly community with just 27-privately owned homes, which consists of mainly young professionals or retirees. It's a quiet place, where neighbors actually say hello to one-another. The homes are situated on a small private u-shaped cul-de-sac. Each of the backyard/patios face-out to a manicured green-space and a brand new pool-area. The other side of the community connects to Indian Bend Park, which is a small Tempe Park, with Tennis and Pickleball. Our private gate opens to this beautiful open space. Perfect for dog-owners. Please NOTE: The address for the For-Sale Home is incorrectly listed on Zillow. The actual property address is: 1926 Oleander Street. I also have 1926 listed For-Rent, and Zillow does not allow both listing options. I invite you to drive thru the community. You can park in the 10-space visitor parking area, and walk into the “center” pool-area of the community. You can see how the private patio of 1926 enters the green space. This home is listed privately (without as Realtor). I am in a unique situation. I looking for the right situation. I live within this community, and I'm also HOA President, so I get the luxury to “choose” my neighbors, whether I decide to sell or rent. I will considering holding the MTG for this home (to the right candidate). I may be willing to offer financing under a deal structure like this: $435,000 purchase price. 10% down-payment = $43,500. Loan amount = $391,500. Loan term would be based on 30-year, with a balloon minimum term of 5-years, extending to a maximum balloon of 10-years. Interest rate of 7% (subject to credit rating). In most cases, I would be willing to forego PMI, which would save you a considerable amount monthly costs. This type of deal is perfect for investors / second-home whereby down-payments / rates / points/ closing costs would be considerably higher. It's also suited for new home buyers that don't have the 20% down-payment readily available, but have good work history and credit. Be advised. This home is purposely listed for-sale-by-owner. I am not interested in listing with a Realtor, nor am I willing to grant commissions to a buyer and/or agent. If you are a Realtor, and you think this home is a proper fit for your client, then you should be obligated under good-faith to present this home-buying opportunity. The fact that it could negatively impact your commission should be irrelevant to your services. If your client finds value in your efforts, I'm sure they will justly compensate you. To give you a little background. I own many homes within this community, and also live here. The zillow sale price zestimate is $359,500 and the realtor.com estimate is $470,000. That places the AVG estimate at $415,000. I am well aware the $435,000 listing price is 20K above this average. The prices in this community have remained artificially low over the years, mainly because I have accumulated so many units. I challenge you to find a similar or better listing in this area, and price range. The ONLY patio-home available is located at 1702 North El Camino Drive, Tempe AZ. This is listed at $405K, but do your due- diligence as to why that home has not sold. The other 2-homes in that comparable neighborhood are listed at $499,500 and $515,000. These prices truly reflect the market and demand.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
