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
Overview
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.
Listing Details MLS# 5442533
Location, Tax & Legal
- 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
- Unit #
- No
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 2.21 Acres
- Year Built
- 2010
- Total # of Units
- 32
- # of Buildings
- 8
- Zoning
- R-3
- Elementary School District
- Paradise Valley Unified District
- High School District
- Paradise Valley Unified District
- Uncvrd Parking Spcs
- 0
Status Change Info
- Off Market Date
- 2016-06-23
- Under Contract Date
- 2016-06-23
- Close of Escrow Date
- 2016-08-31
Legal Info
- Township
- 3N
- Range
- 3E
- Section
- 2
- Lot Number
- 216
More Information
Income Expenses
- Net Operating Income
- 227246
3 Bedrooms Units
- # 3 Bedroom Units
- 32
- Avg Rent
- 950
- Avg SqFt
- 1110
- # Baths
- 2
Contact Info
- List Agent Home Phn
- 480-887-0640
Sold Info
- Loan Type
- Conventional
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 25 - 50 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Tile
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
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
- Yes
Heating
- Electric
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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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