550 W MARYLAND Avenue 101, Phoenix, AZ 85013 (MLS# 5915096)

550 W MARYLAND Avenue 101, Phoenix, AZ 85013

$9,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $9,600,000 Last Modified: 11/19/2019

Overview

Description

Valencia Townhomes' attractive Tuscan design makes it one of the most unique and desirable communities in Metro Phoenix. The community consists of 36 townhome units in two two-story buildings that are wrapped by detached parking garages. Individual residences have spacious floor plans averaging ±1,386 square feet with contemporary interiors featuring porcelain tile & hardwoodstyle flooring, granite countertops, stainless-steel energy-efficient appliances including built-in microwaves, large dual-pane windows, garden bathtubs, full size washer and dryers with utility sink, private front courtyard with wrought iron gate, custom iron & glass-front entry door and detached garage parking. Community amenities are a resort-style pool with lounge area & outdoor kitchen area and exercise facility.

Listing Details MLS# 5915096

Location, Tax & Legal

Map Code/Grid
N34
House Number
550
Compass
W
Street Name
MARYLAND
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85013
Zip4
1327
Country
US
County Code
Maricopa
Subdivision
VALENCIA CONDOMINIUM AMD
Assessor Number
161-30-286
Tax Year
2018

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
106.67' x 615'
Year Built
2009
Uncvrd Parking Spcs
2
Total # of Units
36
# of Buildings
2
Zoning
R-3
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District

Status Change Info

Off Market Date
2019-09-23
Under Contract Date
2019-09-09
Close of Escrow Date
2019-11-14

Legal Info

Township
2N
Range
3E
Section
8
Lot Number
101

More Information

2 Bedroom Units

# 2 Bedroom Units
36
Avg Rent
1700
Avg SqFt
1356
# Baths
2

Income Expenses

Net Operating Income
530024

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Wood; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Exercise Room; Barbecue Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Individual Water Source: Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking Features: Garage; Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity 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; No Carry Environmental: None
IDX
Listing Office: CBRE, Inc
Last Updated: November - 19 - 2019
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