2000 N 36th Street, Phoenix, AZ 85008
$11,350,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $11,350,000 Last Modified: 9/21/2023
Description
Great infill location in Phoenix! Close to Biltmore Fashion Park, Phoenix Sky Harbor, ASU and much more. The Grove on Palm Lane consists of 42 townhome units that are all for-rent. The development consists of 42 two-story single-family homes comprised of 18 buildings of two semi-detached homes and six fully detached homes. There are 36 larger units of over 1,800 square feet with two-car garages and six units of over 1,600 square feet with a single car garage. The lot size is 49,500 square feet. The overall architecture of the exterior is a contemporary style and the interior has higher end finishes consisting of just under 10-foot main floor ceilings, maple/cherry cabinetry and larger trim for base and case. Construction now complete.
More Information MLS# 5831544
Contract Info
Ownership: Fee Simple Current Price: $11,350,000 Sold Price: $11,350,000 Status: Closed List Date: 2018-10-10
Location, Tax & Legal
Assessor's Map #: 15 Legal Description (Abbrev): LOT 1 GROVE ON PALM LANE MCR 133021 Assessor's Parcel #: 137 Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 0 Legal: Lots 1-42 Grove on Palm Marketing Name: The Grove on Palm Map Code/Grid: P35 House Number: 2000 Compass: N Street Name: 36th St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 County Code: Maricopa Subdivision: GROVE ON PALM LANE Assessor Number: 120-15-137 Tax Year: 2018
General Property Description
# of Buildings: 18 Uncvrd Parking Spcs: 0 Lot Size Dimensions: 569' x 162' Total # of Units: 42 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Year Built: 2018 Zoning: R-4
Legal Info
Range: 3E Section: 36 Township: 2N Lot Number: 1-42
Project Type
25 - 50 Units: 1
Construction
Block: 1 Wood Frame: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1 Carpet: 1
Sale Includes
Building(s) Only: 1
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: 0 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 12595800 Equity: 11600000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
No Pool: 1
Heating
Other: 1 See Remarks: 1
Cooling
Other: 1 See Remarks: 1
Tenant Pays
Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1 On Street: 1 Attached: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
Other: 1 See Remarks: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 42 Avg Rent: 1860 Avg SqFt: 18230 # Baths: 25
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Cross Street: 36th Street & Palm Lane Geo Lat: 33.470338 Geo Lon: -112.0042
Status Change Info
Off Market Date: 2018-12-28 Under Contract Date: 2018-11-29 Close of Escrow Date: 2018-12-28 Sold Price: $11,350,000
Property Features
Project Type: 25 - 50 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Other Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Other Heating: Other; See Remarks Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: Other (See Remarks) Parking Features: Garage; On Street; Attached Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner 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 Environmental: Other (See Remarks)
Listing Office: City to City Commercial
Last Updated: September - 21 - 2023
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