7323 E BELLEVIEW Street, Scottsdale, AZ 85257
$4,300,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,300,000 Last Modified: 2/05/2026
Description
Matera Villas Townhomes are eight town homes 2016 construction townhomes near old town Scottsdale. These are separately parceled condo mapped townhomes with no HOA. All all 3 bedroom 2.5 bathroom units with covered parking. Tile roofs , frame construction stucco units. Floor plans are four 1,317 sq feet units and four 1557 sq foot units. Current rents are below market $2,200 to $2,400. Market rents are $2,900-$3,500. Individual metered for electric and easy care landscaping. Close to ASU the 202 freeway and near the 101. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
More Information MLS# 6511097
Contract Info
Ownership: Fee Simple Current Price: $4,300,000 Sold Price: $4,300,000 Status: Closed List Date: 2023-01-23
Location, Tax & Legal
Building Number: 1 & 2 Assessor's Map #: 38 Legal Description (Abbrev): MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS Assessor's Parcel #: 261 Add'l Parcels: Yes Tax Municipality: Scottsdale Census Tract: 218200 Taxes: 15692 Legal: MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS Marketing Name: Eight on Belleview Map Code/Grid: P36 House Number: 7323 Compass: E Street Name: BELLEVIEW St Suffix: Street City/Town Code: Scottsdale State/Province: AZ Zip Code: 85257 County Code: Maricopa Subdivision: MATERA VILLAS CONDOMINIUM Assessor Number: 131-38-261 Tax Year: 2022
General Property Description
# of Buildings: 2 Uncvrd Parking Spcs: 0 Lot Size Dimensions: 13089 Total # of Units: 8 Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District Elementary School: Other Jr. High School: Other High School: Other Year Built: 2016 Zoning: [R-5] Multiple-
Legal Info
Range: 4E Section: 2 Township: 1N Lot Number: 1001-08
Project Type
Four Plex: 1 5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Tile: 1
Floors
Carpet: 1 Other: 1
Sale Includes
Land & Building: 1 Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 3000 Annual Land Lse Exp: 0 Annual Landscape Exp: 1200 Annual Legal & Acctg: 0 Annual Maint Exp: 4000 Annual Mgmt Exp: 13000 Annual Trash Exp: 1200 Annual Wtr/Swr Exp: 5000 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 43092 Other Income: 0 Vacancy Allowance: 0.03 Adjusted Gross Inc: 279360 Total Monthly Rental Income: 24000
Pmt & Rate Info
Cap Rate: 5.56 Down Payment: 0 Equity: 4250000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1 Electric: 1
Exterior Amenities
Landscape Water System: 1 Desert Landscaping: 1 Sidewalk(s): 1 Patio/Balcony: 1
Interior Features
Fire/Smoke Alarm(s): 1 Fire Sprinklers: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 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
Carport: 1 >1 Space Per Unit: 1 Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
New Financing
Conventional: 1 Owner May Carry: 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
Treat as Free&Clear: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 8 Avg Rent: 3000 Avg SqFt: 1437 # Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Carryback Loan Years: 5 Closing Cost Split: Normal - N Payment Type: Interest Only Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Cross Street: McDowell and Scottsdale RD Directions: McDowell and Scottsdale RD Directions: East to 74th st turn South to 1st St behind SkySong, Belleview, Turn right(West) to Property on the right. Geo Lat: 33.461219 Geo Lon: -111.922842
Status Change Info
Off Market Date: 2023-04-10 Under Contract Date: 2023-03-29 Close of Escrow Date: 2023-04-10 Sold Price: $4,300,000
Income Expenses
Gross Annual Sch Inc: 288000 Net Operating Income: 236268
Property Features
Project Type: Four Plex; 5 - 12 Units Other Type: Packaged Offering Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Carpet; Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Sidewalk(s); Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear 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; Owner May Carry Environmental: None
Listing Office: Grace CRE
Last Updated: February - 05 - 2026
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