$475,000
SOLD FEB 20, 2025
3 Beds
2 Baths
1,648 Sq Ft
$580/mo HOA Fee

Recently Sold

$288 Per Sq Ft

19% Below List Price

313 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Granite Countertops
  • Tavan Elementary School Rated A
  • End Unit
  • Heated Community Pool

About This Home

As of February 2025

Welcome home ready for immediate occupancy .

**Location:** Located in a thriving neighborhood known for its convenience and amenities, this property sits amidst bustling shops, restaurants, and recreational facilities. Its proximity to major transportation routes ensures easy access to neighboring areas.

**Property Type:** This property is meticulously designed to offer comfort and functionality. **Tenant Situation:** Currently, all units are occupied by reliable tenants, providing a steady stream of rental income from day one. The presence of long-term tenants underscores the desirability and stability of this investment opportunity.

**Investment Potential:** With rental income already in place, this property presents an attractive proposition for savvy investors seeking immediate returns. Additionally, there's ample opportunity for value enhancement through strategic renovations or future rent adjustments in line with market trends.

**Financials:** Detailed financial information, including current rental income, expenses, and potential return on investment, will be provided upon request to serious investors.

**Opportunity for Growth:** Beyond its current rental income, this property offers potential for long-term growth and appreciation. As the surrounding area continues to develop and property values rise, investors stand to benefit from both rental yield and capital appreciation.

**Conclusion:** With tenants in place and promising prospects for growth, this investor special property represents a lucrative opportunity for those looking to expand their real estate portfolio. Don't miss out on the chance to secure a solid investment in a prime location.

Last Agent to Sell the Property

Michelle Roden

Barrett Real Estate License #BR541095000 Listed on: 03/12/2024

Barrett Real Estate

Co-Listed By

Meagan Brewer

Barrett Real Estate License #SA676559000

Last Buyer's Agent

Phillip Bianco

Russ Lyon Sotheby's International Realty License #SA564289000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,108

Year Built

  • Built in 2005

Lot Details

  • End Unit
  • Wrought Iron Fence

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,648 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more

Kitchen

  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Unit is below another unit
  • Property is near a bus stop

Schools

  • Tavan Elementary School
  • Ingleside Middle School
  • Arcadia High School

Utilities

  • Central Air
  • Heating Available
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2033
  • Assessor Parcel Number 127-05-118

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • First Service Res Association, Phone Number (480) 551-4300
  • Arcadia Grove Condominium Subdivision

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Additional Features

  • Recreation Room
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,108

Year Built

Built in 2005

Lot Details

0

HOA Fees

$580 per month

Parking

2

Listing Details

  • Cross Street: 44th Street and Thomas Rd
  • Legal Info Range: 4E
  • 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: 580.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2005
  • Tax Year: 2023
  • Property Sub Type: Apartment
  • Horses: No
  • Co List Office Mls Id: barr001
  • Co List Office Phone: 480-864-2100
  • Subdivision Name: ARCADIA GROVE CONDOMINIUM
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 580.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Water Purifier
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, 9+ Flat Ceilings, Elevator, No Interior Steps, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1648.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Above, End Unit
  • Construction Type: Brick Veneer, Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Fitness Center
  • Association Fee: 580.0
  • Association Fee Frequency: Monthly
  • Association Name: Arcadia Grove COA
  • Phone: 480-551-4300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Arcadia Grove COA
  • Association Fees:HOA Telephone4: 480-551-4300
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 1096.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees HOA: 300.0
  • Association Fees:Other Fees Description: Bueyr Fee Move in/move out
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: First Service Res
  • Association Fees:HOA Management Phone: 480-551-4300
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Tavan Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 162.0
  • Parcel #: 127-05-118

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 2108.0
  • Tax Book Number: 127.00
  • Tax Lot: 2033
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Feb 13, 2025
Sold by
Yuma Primary Care Pllc
Bought by
Norton James Franklin
Seller's Agent
Michelle Roden
Barrett Real Estate
Buyer's Agent
Phillip Bianco
Russ Lyon Sotheby's International Realty
List Price
$590,000
Sold Price
$475,000
Premium/Discount to List
-$115,000
-19.49%
Views
174
Current Estimated Value
$496,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,907
Avg. Annual Appreciation
8.42%
Original Mortgage
$306,250
Outstanding Balance
$304,963
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$190,824

Purchase Details

Listed on
May 2, 2018
Closed on
Jul 12, 2018
Sold by
Underwood Stacy Lynn
Bought by
Yuma Primary Care P L L C
Seller's Agent
Shara Terry
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Shara Terry
HomeSmart
List Price
$319,900
Sold Price
$305,000
Premium/Discount to List
-$14,900
-4.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Thomas Esquities Llc
Bought by
Underwood Stacy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2010
Sold by
Greco Damian J
Bought by
Thomas Equities Llc

Purchase Details

Closed on
Jul 20, 2009
Sold by
Greco Damian J
Bought by
Greco Damian J and Greco Patricia S

Purchase Details

Closed on
Sep 6, 2005
Sold by
Cachet Arcadia Llc
Bought by
Greco Damian J
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 Type Sale Price Title Company
Warranty Deed $475,000 First American Title Insurance
Warranty Deed $305,000 Security Title Agency Inc
Warranty Deed $170,000 Great American Title Agency
Cash Sale Deed $150,000 None Available
Interfamily Deed Transfer -- None Available
Cash Sale Deed $304,084 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $306,250 New Conventional
Previous Owner $136,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $475,000 -0.8% $288 / Sq Ft
01/18/2025 01/18/25 Price Changed $479,000 -4.0% $291 / Sq Ft
06/01/2024 06/01/24 Price Changed $499,000 -11.7% $303 / Sq Ft
04/02/2024 04/02/24 Price Changed $565,000 -4.2% $343 / Sq Ft
03/13/2024 03/13/24 For Sale $590,000 0.0% $358 / Sq Ft
02/01/2023 02/01/23 Rented $2,500 0.0% --
01/17/2023 01/17/23 Under Contract -- -- --
01/07/2023 01/07/23 For Rent $2,500 0.0% --
07/18/2018 07/18/18 Sold $305,000 -3.1% $175 / Sq Ft
07/07/2018 07/07/18 Pending -- -- --
05/17/2018 05/17/18 Price Changed $314,900 -1.6% $181 / Sq Ft
05/02/2018 05/02/18 For Sale $319,900 -- $184 / 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 $2,129 $27,374 -- --
2024 $2,108 $26,071 -- --
2023 $2,108 $39,430 $7,880 $31,550
2022 $2,022 $31,670 $6,330 $25,340
2021 $2,096 $30,310 $6,060 $24,250
2020 $2,065 $29,610 $5,920 $23,690
2019 $1,988 $28,460 $5,690 $22,770
2018 $1,911 $26,370 $5,270 $21,100
2017 $1,597 $25,020 $5,000 $20,020
2016 $1,553 $22,510 $4,500 $18,010
2015 $1,428 $19,670 $3,930 $15,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6676265

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-05-118