1106 E WEBER Drive 1033, Tempe, AZ 85288
$7,450,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $7,450,000 Last Modified: 7/06/2022
Overview
Description
Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal California. Upon arriving at The Newport, one will notice the clean-lined architectural design, replete with great articulation, varied materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changin'. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency.
Supplements: ... (Read more)
Listing Details MLS# 5954603
Location, Tax & Legal
- Map Code/Grid
- Q37
- House Number
- 1106
- Compass
- E
- Street Name
- WEBER
- St Suffix
- Drive
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85288
- Zip4
- 0919
- County Code
- Maricopa
- Subdivision
- NEWPORT AT TEMPE
- Assessor Number
- 132-10-113
- Tax Year
- 2018
- Unit #
- 1033
- Assessor's Map #
- 10
- Legal Description (Abbrev)
- LOT 2 NEWPORT AT TEMPE MCR 118037
- Assessor's Parcel #
- 113
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 318400
- Taxes
- 57000
- Legal
- LOT 2 NEWPORT AT TEMPE MCR 118037
- Marketing Name
- The Newport
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 2.30
- Year Built
- 2017
- Total # of Units
- 17
- # of Buildings
- 17
- Zoning
- R1-Pad
- Elementary School District
- Scottsdale Unified District
- High School District
- Tempe Union High School District
- Uncvrd Parking Spcs
- 0
Status Change Info
- Off Market Date
- 2019-09-23
- Under Contract Date
- 2019-09-20
- Close of Escrow Date
- 2019-12-31
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 11
- Lot Number
- 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 616800
- Net Operating Income
- 478256
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 3050
- Avg SqFt
- 1702
- # Baths
- 4
3 Bedrooms Units
- # 3 Bedroom Units
- 16
- Avg Rent
- 3050
- Avg SqFt
- 1737
- # Baths
- 4
Contact Info
- List Agent Home Phn
- 602-735-5634
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
- Siding
- Yes
Roofing
- Built-Up
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 57000
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 616800
Pmt & Rate Info
- Cap Rate
- 6.42
- Down Payment
- 0
- Equity
- 7450000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Yes
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
- Spa(s)
- Yes
- Clubhouse
- Yes
- Exercise Room
- Yes
- Game/Rec Room
- Yes
- Sport Court
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
- ENERGY STAR Qualified Equipment
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- ENERGY STAR Qualified Equipment
- Yes
- Central Air
- Yes
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Patio/Balcony
- Yes
Interior Features
- Furnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Fire Sprinklers
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- >1 Space Per Unit
- Yes
- Attached
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- City Gas
- Yes
Owner Pays
- Gas
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Conventional
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Spa(s); Clubhouse; Exercise Room; Game/Rec Room; Sport Court Exterior Amenities: Landscape Water System; Patio/Balcony Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; ENERGY STAR Qualified Equipment Cooling: Ceiling Fan(s); Electric; Individual; Central Air; ENERGY STAR Qualified Equipment Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: City Gas Parking Features: Garage; >1 Space Per Unit; Attached Road Surface Type: Asphalt Owner Pays: Gas; Landscaping; Pool Maintenance Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
Listing Office: CBRE, Inc
Last Updated: July - 06 - 2022
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