$6,650,000
550 W MARYLAND AvenuePhoenix, AZ 85013
MLS# 5252700
72 beds | 72 baths
1 / 12
Property DescriptionValencia 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.
Details
Contract Info
Current Price: $6,590,000
List Price: $6,650,000
Status: Closed
List Date: 2015-03-19
Ownership: Fee Simple
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
Assessor Number: 161-30-286
Tax Year: 2009
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
Legal Info
Township: 2N
Range: 3E
Section: 8
Lot Number: 101
2 Bedroom Units
# 2 Bedroom Units: 36
Avg Rent: 1275
Avg SqFt: 1386
# Baths: 2
Structure
Bedrooms Total: 72
Bathrooms Total: 72
Income & Expenses
Gross Annual Sch Inc: 506,007
Net Operating Income: 336,071
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Conventional
Loan Years: 1
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.532075
Geo Lon: -112.080961
Status Change Info
Off Market Date: 2015-06-23
Under Contract Date: 2015-06-22
Close of Escrow Date: 2015-06-29
Sold Price: $6,590,000
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: Dishwasher; Microwave; Refrigerator; Free-Standing Range; 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; Sewer
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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