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


$9,995,000
550 W MARYLAND Avenue, 101
Phoenix, AZ 85013
MLS# 5915096
Status: Closed



550 W MARYLAND Avenue, 101, Phoenix, AZ 85013
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550 W MARYLAND Avenue, 101, Phoenix, AZ 85013

Property 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.

Details
Maps
Contract Info
Current Price: $9,600,000
Sold Price: $9,600,000
Status: Closed
List Date: 2019-04-22
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
County Code: Maricopa
Subdivision: VALENCIA CONDOMINIUM AMD
Assessor Number: 161-30-286
Tax Year: 2018
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
Remarks Misc
Geo Lat: 33.531301
Geo Lon: -112.081005
Status Change Info
Off Market Date: 2019-09-23
Under Contract Date: 2019-09-09
Close of Escrow Date: 2019-11-14
Sold Price: $9,600,000
Legal Info
Township: 2N
Range: 3E
Section: 8
Lot Number: 101
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 $/%: %
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
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Environmental: None

Listing Office: CBRE, Inc

Last Updated: November - 19 - 2019

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

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  • EJ Tallman, PLLC, BS in Marketing

    Certified Negotiation Expert
    Graduate Realtor® Institute
    Realty One Group| REALTOR® Since 2002

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