NOT LISTED FOR SALE

Edison Midtown 3131 N Central Ave Unit 7012 Phoenix, AZ 85012

Midtown Phoenix Neighborhood

Estimated Value: $581,000 - $782,000

2 Beds
2 Baths
1,419 Sq Ft
$533/mo HOA Fee

Last Sold May 09, 2024

Last sale price $786,917 $555 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $4,489/month

3 Days on Market

Highlights

  • Fitness Center
  • 3-minute walk to Osborn/Central Ave
  • Gated Community
  • Phoenix Coding Academy Rated A
  • Gated Parking
  • City Lights View

About This Home

As of May 2024

**Summer Incentive** Seller to offer $10,000 to Buyer towards Washer/Dryer, Blinds, Closing Costs, etc.** Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom + den condo is one of the larger two bedroom floor plans and offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Spacious balcony to capture the amazing views while outside as well. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

Last Agent to Sell the Property

James Cavanaugh

Apex Residential License #SA630963000 Listed on: 08/07/2023

Apex Residential

Co-Listed By

Marilyn Cavanaugh

Apex Residential License #SA551199000

Last Buyer's Agent

Janeen Gelinas

Compass License #BR531726000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $104

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • End Unit
  • Desert faces the front and back of the property
  • Artificial Turf

HOA Fees

  • $533 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • City Lights
  • Mountain

Home Design

  • Home to be built
  • Contemporary Architecture
  • Wood Frame Construction
  • Built-Up Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,419 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Accessible Home Design

  • No Interior Steps
  • Stepless Entry

Schools

  • Encanto Elementary School
  • Clarendon Middle School
  • Central High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 7012
  • Assessor Parcel Number 118-34-630

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, gas, trash, water, roof replacement, maintenance exterior
  • Aam Association, Phone Number (602) 957-9191
  • Built by Tannin Developments
  • Edison Midtown Condominiums Subdivision
  • 7-Story Property

Recreation

  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$104

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$533 per month

Parking

2

Listing Details

  • Cross Street: Central & Osborn
  • 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: 533.41
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2022
  • Tax Year: 2022
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Co List Office Mls Id: agen01
  • Co List Office Phone: 480-878-3000
  • Subdivision Name: EDISON MIDTOWN CONDOMINIUMS
  • Architectural Style: Contemporary
  • New Construction: No
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 554.56
  • Association Fees:HOA Fee2: 533.41
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: NewHome

Interior Features

  • Flooring: Other
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Accessibility Features: Zero-Grade Entry
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 9+ Flat Ceilings, No Interior Steps, Full Bth Master Bdrm
  • Living Area: 1419.0
  • Stories: 7
  • Window Features: Low-Emissivity Windows, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Lot Features: Desert Back, Desert Front, Synthetic Grass Back
  • Pool Features: None
  • Pool Private: No
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req
  • Common Walls: End Unit
  • Construction Type: Stucco, Wood Frame, Painted
  • Property Condition: To Be Built, Under Construction
  • Roof: Built-Up, Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes
  • Construction Status:Under Construction: Yes
  • Construction Status:To Be Built: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Gated, Assigned, Community Structure
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Community Structure: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • 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, Near Light Rail Stop, Fitness Center
  • Association Fee: 533.41
  • Association Fee Frequency: Monthly
  • Association Name: Edison Midtown
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Edison Midtown
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1600.23
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 533.41
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees HOA: 1600.23
  • Association Fees:Other Fees Description: Working capital
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:HOA Management Phone: 602-957-9191
  • 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
  • Association Fee Incl:Gas6: Yes

Fee Information

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

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Clarendon School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1496.0
  • Parcel #: 118-34-630

Building Info

  • Builder Name: Tannin Developments

Tax Info

  • Tax Annual Amount: 104.0
  • Tax Book Number: 118.00
  • Tax Lot: 7012
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2023
Closed on
May 9, 2024
Sold by
Edison Midtown Two Llc
Bought by
Naik Hursh S
Seller's Agent
James Cavanaugh
Apex Residential
Buyer's Agent
Janeen Gelinas
Compass
List Price
$796,917
Sold Price
$786,917
Premium/Discount to List
-$10,000
-1.25%
Views
14
Current Estimated Value
$695,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,058
Avg. Annual Appreciation
-7.49%
Original Mortgage
$590,188
Outstanding Balance
$581,770
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$114,089

Purchase Details

Closed on
Dec 3, 2021
Sold by
Ds Deco Central Llc
Bought by
Edison Midtown Two Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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
Naik Hursh S $786,917 Thomas Title & Escrow Llc
Edison Midtown Two Llc $2,200,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Naik Hursh S $590,188
Previous Owner Edison Midtown Two Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2024 05/09/24 Sold $786,917 -1.3% $555 / Sq Ft
09/29/2023 09/29/23 Off Market $796,917 -- --
08/11/2023 08/11/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $796,917 -- $562 / 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 $3,541 $865 $865 --
2024 $105 $824 $824 --
2023 $105 $4,290 $4,290 $0
2022 $104 $2,730 $2,730 $0
2021 $106 $2,730 $2,730 $0
2020 $103 $2,625 $2,625 $0
2019 $99 $2,445 $2,445 $0
2018 $96 $900 $900 $0
2017 $88 $930 $930 $0
Source: Public Records

Agents Affiliated with this Home

  • James Cavanaugh

    Seller's Agent in 2024

    James Cavanaugh

    Apex Residential

    (480) 878-3000

    52 in this area

    169 Total Sales

    James Cavanaugh
    Section Image
  • Marilyn Cavanaugh

    Seller Co-Listing Agent in 2024

    Marilyn Cavanaugh

    Apex Residential

    (602) 859-5999

    52 in this area

    174 Total Sales

    Marilyn Cavanaugh
    Section Image
  • Janeen Gelinas

    Buyer's Agent in 2024

    Janeen Gelinas

    Compass

    (480) 221-7379

    1 in this area

    62 Total Sales

    Janeen Gelinas
    Section Image
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About Edison Midtown

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6589505

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-34-630

Arizona Maricopa County Phoenix 85012 Midtown Phoenix

3131 N Central Ave Unit 7012, Phoenix, AZ

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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