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
- County Code
- Maricopa
- Subdivision
- VALENCIA CONDOMINIUM AMD
- Assessor Number
- 161-30-286
- Tax Year
- 2018
- Unit #
- 101
- Assessor's Map #
- 30
- Legal Description (Abbrev)
- LOT 101 VALENCIA CONDOMINIUM AMD MCR 096208
- Assessor's Parcel #
- 286
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 106600
- Taxes
- 60335
- Legal
- LOT 101 VALENCIA CONDOMINIUM AMD MCR 096208
- Marketing Name
- Valencia Townhomes
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
Income Expenses
- Net Operating Income
- 530024
2 Bedroom Units
- # 2 Bedroom Units
- 36
- Avg Rent
- 1700
- Avg SqFt
- 1356
- # Baths
- 2
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 $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 25 - 50 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Built-Up
- Yes
Floors
- Wood
- Yes
- 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
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 60335
- Other Income
- 21600
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 21600
Pmt & Rate Info
- Cap Rate
- 5.17
- Down Payment
- 0
- Equity
- 10250000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Exercise Room
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Individual
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- 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
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- Carport
- Yes
Electric
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- No Carry
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
Listing Office: CBRE, Inc
Last Updated: November - 19 - 2019
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