NOT LISTED FOR SALE

Estimated Value: $732,197 - $868,000

2 Beds
2.5 Baths
2,561 Sq Ft
$310/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $525,000 $205 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,570/month

27 Days on Market

Highlights

  • Two Primary Bathrooms
  • Contemporary Architecture
  • Private Yard
  • Phoenix Coding Academy Rated A
  • Granite Countertops
  • Community Pool

About This Home

As of March 2018

Today, the promises of midcentury modern homes—timeless beauty, attention to details, indoor/outdoor, craftsmanship—have even more relevance. This is a chance to reside in a beloved 1963 townhome, a masterwork of interior design remodeled to imbue a calming lightness. Limestone flooring, smooth walls and artwork glow at night. Cherry wood doors hide as floor-to-ceiling panels and glass doors double as night lights. A central courtyard, colorful Bisazza tile & masterful kitchen turn the dial to desert modernist vibe. Sliding doors are merely doormen for natural light & air. The community is part of a rich architectural history thanks to having two legendary developers, the Malouf brothers and Dell Trailor. Walkable, bikeable, come explore the area and this beautiful residence. Property appraised for $526,500. 1908 E. Medlock Drive is one of twelve authentic 1963 MCM townhomes by legendary commercial builders, Malouf Enterprises. The front 32 homes are a later Dell Trailor design. The Malouf brothers built above the residential industry standards of the day due to their experience in commercial shopping center development. The use of concrete slabs and metal conduit for electric wiring meant the townhomes were built for contemporary and prestigious urban living. Rarely will you find concrete/block construction in a two-story townhome. This means there are no wood joists for the 2nd floor; the 2nd floor and roof are both concrete, and the east and west walls are block. The white oak floating staircase is original. Touted as an innovator and visionary developer ahead of his time, Trailor's ideas of significant contribution to real estate are represented at Royale Gardens II: the monument entry, curvilinear street, lush landscaping, community amenities, hidden garages, and a community that is pedestrian friendly. All of these combine to enhance the physical and social value of the community. Located at the desirable end of a lush cul-de-sac, this residence is near to the large oval pool, lanai, and community clubhouse that features a scalloped concrete roof. The townhome features two master ensuites. Master 1 bedroom has a north exposure and features a walk-in closet. The second part of Master 1 has south exposure and features a dressing area with 8 drawers and a separate shoe closet, water closet and shower with glass enclosure. Master 2 has two areas. The sitting room/office has south exposure to the uncovered balcony, and a door to the bathroom and first walk-in closet. The second area features a smaller covered balcony with a second walk-in closet accessed through two doors. Rounding up the features are:- Indoor laundry with custom ironing center, LG TROMM washer/dryer.- Walk-in pantry with beverage refrigerator- 2-car garage with epoxy flooring and cabinetry - Kitchen that features: Jenn-Air refrigerator; GE Monogram 30" Duel-Fuel Professional Range with four 15,000 BTU burners that double as wok holders; Bosch dishwasher; GE Monogram wine refrigerator; reverse osmosis at kitchen sink; under counter microwave; separate trash/recycling bins.- New 30" hood over gas range. - In-wall and in-ceiling speakers in living and kitchen, respectively. - Low-voltage lighting in living, kitchen and courtyard. - Recessed lighting and pendants in kitchen on dimmers.- Mecho commercial blinds throughout.- AC/furnace serviced December 2017.- Roof re-coated January 2018 with elastomeric paint.- New electric panel March 2018.Royale Gardens II offers excellent walking, biking and driving proximity a hub of shopping, entertainment, services, banking, food stores, eateries, gyms and much more.

Last Agent to Sell the Property

Aaron Carter

HomeSmart License #BR646960000 Listed on: 01/20/2018

HomeSmart

Co-Listed By

Michael Mosier

HomeSmart License #SA521783000

Last Buyer's Agent

Tracey Zemer

RETSY License #SA027858000

RETSY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,235

Year Built

  • Built in 1963

Lot Details

  • 1,015 Sq Ft Lot
  • Two or More Common Walls
  • Desert faces the back of the property
  • Private Yard

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Concrete Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,561 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows
  • Mechanical Sun Shade
  • Security System Owned

Kitchen

  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Two Primary Bathrooms
  • 2.5 Bathrooms

Schools

  • Madison Richard Simis Elementary School
  • Madison Meadows Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Balcony
  • Property is near a bus stop

Listing and Financial Details

  • Legal Lot and Block C / 11
  • Assessor Parcel Number 164-56-086

Community Details

Overview

  • Association fees include insurance, sewer, pest control, street maintenance, front yard maint, trash, water
  • Self Managed Association, Phone Number (602) 263-3805
  • Built by Malouf Enterprises
  • Royale Gardens Ii Subdivision, Mid Century Floorplan

Amenities

  • Recreation Room

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,235

Year Built

Built in 1963

Lot Details

0

HOA Fees

$195 per month

Parking

2

Listing Details

  • Cross Street: E Camelback Road & N 20th Street
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 195.0
  • Basement: N
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2018
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2018
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1963
  • Tax Year: 2017
  • Directions: Head north on N 20th Street (0.2 mi). Turn west onto East Medlock Drive. Follow drive to end of the cul-de-sac. Property is on the north side.
  • Master Model: Mid-Century
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: ROYALE GARDENS II
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 195.0
  • Cooling:Central Air: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Water Purifier
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Upstairs, Kitchen Island, 2 Master Baths, 3/4 Bath Master Bdrm
  • Living Area: 2561.0
  • Stories: 2
  • Window Features: Skylight(s), Dual Pane, Mechanical Sun Shds
  • ResoLivingAreaSource: Assessor
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Built In Recycling: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony, Private Yard
  • Lot Features: Desert Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Stucco, Other, Painted, Block
  • Roof: Concrete, Foam
  • Construction:Block: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets, Rear Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Rear Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Programmable Thmstat
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Bus Stop
  • Association Fee: 195.0
  • Association Fee Frequency: Monthly
  • Association Name: Royale Gardens II
  • Phone: 602-263-3805
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 500.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Royale Gardens II
  • Association Fees:HOA Telephone4: 602-263-3805
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:HOA Management Company: Self-Managed
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Insurance, Sewer, Pest Control, Street Maint, Front Yard Maint, Trash, Water

Schools

  • Elementary School: Madison Richard Simis School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1015.0
  • Parcel #: 164-56-086
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Malouf Enterprises

Tax Info

  • Tax Annual Amount: 3235.0
  • Tax Block: 11
  • Tax Book Number: 164.00
  • Tax Lot: C
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2018
Closed on
Mar 13, 2018
Sold by
Reiser Michael E and Graham Bruce
Bought by
Ferrara Nicholas and Ferrara Alice G
Seller's Agent
Aaron Carter
HomeSmart
Buyer's Agent
Tracey Zemer
RETSY
List Price
$525,000
Sold Price
$525,000
Total Days on Market
27
Current Estimated Value
$750,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,812
Avg. Annual Appreciation
5.88%
Original Mortgage
$420,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2004
Sold by
Helander Brian
Bought by
Reiser Michael and Graham Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 1995
Sold by
Reiser Michael
Bought by
Helander Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.37%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ferrara Nicholas $525,000 Old Republic Title Agency
Reiser Michael $275,000 Transnation Title
Helander Brian -- United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrara Nicholas $445,500
Closed Ferrara Nicholas $420,000
Previous Owner Reiser Michael $41,400
Previous Owner Reiser Michael E $200,000
Previous Owner Reiser Michael $220,000
Previous Owner Helander Brian $169,000
Previous Owner Helander Brian $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $525,000 0.0% $205 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $525,000 0.0% $205 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
01/20/2018 01/20/18 For Sale $525,000 -- $205 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,161 $17,403 -- --
2024 $3,685 $16,574 -- --
2023 $3,685 $49,880 $9,970 $39,910
2022 $3,567 $38,420 $7,680 $30,740
2021 $3,639 $35,100 $7,020 $28,080
2020 $3,580 $31,630 $6,320 $25,310
2019 $3,499 $29,760 $5,950 $23,810
2018 $3,407 $28,420 $5,680 $22,740
2017 $3,235 $29,210 $5,840 $23,370
2016 $3,117 $27,300 $5,460 $21,840
2015 $2,901 $25,880 $5,170 $20,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5712169

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-56-086