550 W MARYLAND Avenue, Phoenix, AZ 85013
$6,590,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$6,590,000
Last Modified:
6/30/2015
Overview
Description
Valencia Townhomes is a Class-‘A’, luxury 36-unit garden-style townhome community located in an irreplaceable north/central Phoenix location. The property is situated in a quiet, mature neighborhood on Maryland Avenue, just west of Central Avenue. The community consists of two two-story frame and stucco buildings constructed in 2009. The property has built-up roofs with individual air conditioning units and individual hot water heaters.
Supplements: ... (Read more)
Listing Details MLS# 5252700
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
- Assessor Number
- 161-30-286
- Tax Year
- 2009
- Assessor's Map #
- 30
- Legal Description (Abbrev)
- VALENCIA CONDOMINIUM AMD MCR 962-08 UNIT 101 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGARDIN
- Assessor's Parcel #
- 286
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 106600
- Taxes
- 55736
- Legal
- VALENCIA CONDOMINIUM
- Marketing Name
- Valencia Townhomes
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 106722
- Year Built
- 2009
- Uncvrd Parking Spcs
- 24
- 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
- 2015-06-23
- Under Contract Date
- 2015-06-22
- Close of Escrow Date
- 2015-06-29
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 8
- Lot Number
- 101
More Information
Income Expenses
- Gross Annual Sch Inc
- 506007
- Net Operating Income
- 336071
2 Bedroom Units
- # 2 Bedroom Units
- 36
- Avg Rent
- 1275
- Avg SqFt
- 1386
- # Baths
- 2
Contact Info
- List Agent Home Phn
- 602-735-5634
Sold Info
- Loan Type
- Conventional
- Loan Years
- Yes
- Payment Type
- Fixed
- 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
- Tile
- Yes
Floors
- Ceramic Tile
- 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
- 169936
- Operating Exp
- 225672
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 480706.65
Pmt & Rate Info
- Cap Rate
- 5.05
- Down Payment
- 0
- Equity
- 6650000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Manager Res/Office
- Yes
- Clubhouse
- Yes
- Exercise Room
- Yes
- Game/Rec Room
- Yes
- Play Area
- Yes
Heating
- Individual
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Fenced
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
- Guard Gate
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- On Street
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
New Financing
- Conventional
- Yes
Existing 1st Loan
- Conventional
- 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; Tile
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
Pool; Manager Res/Office; Clubhouse; Exercise Room; Game/Rec Room; Play Area
Exterior Amenities:
Green Landscaping; Fenced; Patio/Balcony; Separate Storage; Security Light(s); Guard Gate
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating:
Individual
Cooling:
Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
Garage; On Street
Road Surface Type:
Asphalt
Owner Pays:
Water
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Existing 1st Loan:
Conventional
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:
None
Listing Office:
CBRE, Inc
Last Updated: June - 30 - 2015
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