Ownership: Fee Simple
Current Price: $4,250,000
Sold Price: $4,250,000
Status: Closed
List Date: 2016-05-13
Unit #: 0
Assessor's Map #: 40
Legal Description (Abbrev): FERNWOOD COURT CONDOMINIUMS MCR 1049-36 UNIT 216 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGA
Assessor's Parcel #: 493
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 21890
Legal: FERNWOOD COURT CONDOMINIUMS MCR 1049-36 UNIT 216 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGA
Marketing Name: Fernwood Court
Map Code/Grid: L35
House Number: 15430
Compass: N
Street Name: 25TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8044
County Code: Maricopa
Subdivision: FERNWOOD COURT CONDOMINIUMS
Assessor Number: 214-40-493
Tax Year: 2015
# of Buildings: 8
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 2.21 Acres
Total # of Units: 32
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 2010
Zoning: R-3
Range: 3E
Section: 2
Township: 3N
Lot Number: 216
Ceramic Tile: 1
Carpet: 1
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
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Cap Rate: 5.35
Down Payment: 0
Equity: 4250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Desert Landscaping: 1
Fenced: 1
Electricity: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Microwave: 1
Washer/Dryer: 1
Owner: 1
Projected Proforma: 1
Garage: 1
>1 Space Per Unit: 1
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
List Agent Home Phn: 480-887-0640
# 3 Bedroom Units: 32
Avg Rent: 950
Avg SqFt: 1110
# Baths: 2
Loan Type: Conventional
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Geo Lat: 33.62765
Geo Lon: -112.029111
Off Market Date: 2016-06-23
Under Contract Date: 2016-06-23
Close of Escrow Date: 2016-08-31
Sold Price: $4,250,000
Net Operating Income: 227246
Project Type: 25 - 50 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage; >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Other (See Remarks)
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Owner May Carry; 1031 Exchange
Environmental: None
