15430 N 25TH Street 0, Phoenix, AZ 85032
$4,250,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,250,000 Last Modified: 9/01/2016
Description
Fernwood Court Condominiums is a private gated community, built in 2010. Consisting of 32-units, each unit has detached 2- car garage, and individually metered.
More Information MLS# 5442533
Contract Info
Ownership: Fee Simple Current Price: $4,250,000 Sold Price: $4,250,000 Status: Closed List Date: 2016-05-13
Location, Tax & Legal
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
General Property Description
# 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
Legal Info
Range: 3E Section: 2 Township: 3N Lot Number: 216
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1 Carpet: 1
Sale Includes
Land & Building: 1
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 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 5.35 Down Payment: 0 Equity: 4250000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Individual: 1
Exterior Amenities
Desert Landscaping: 1 Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1 Cable TV: 1
Appliances Included
Dishwasher: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1 Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1 >1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
New Financing
Conventional: 1 Owner May Carry: 1 1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-887-0640
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 32 Avg Rent: 950 Avg SqFt: 1110 # Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
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 $/%: $
Remarks Misc
Geo Lat: 33.62765 Geo Lon: -112.029111
Status Change Info
Off Market Date: 2016-06-23 Under Contract Date: 2016-06-23 Close of Escrow Date: 2016-08-31 Sold Price: $4,250,000
Income Expenses
Net Operating Income: 227246
Property Features
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 Interior Features: Unfurnished 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 Road Surface Type: Asphalt 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 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) 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; Owner May Carry; 1031 Exchange Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: September - 01 - 2016
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