$4,250,000
Phoenix, AZ 85032
MLS# 5442533
Status: Closed
1 / 9
Property 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.
Details
Contract Info
Ownership: Fee Simple
Current Price: $4,250,000
Sold Price: $4,250,000
Status: Closed
List Date: 2016-05-13
Location, Tax & Legal
Unit #: 0
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
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
General Property Description
# of Buildings: 8
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 2.21 Acres
Total # of Units: 32
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 2010
Zoning: R-3
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 216
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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: 1
Heating
Electric: 1
Cooling
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 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
Garage: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
1031 Exchange: 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
Other (See Remarks): 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-887-0640
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 32
Avg Rent: 950
Avg SqFt: 1110
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.62765
Geo Lon: -112.029111
Status Change Info
Off Market Date: 2016-06-23
Under Contract Date: 2016-06-23
Close of Escrow Date: 2016-08-31
Sold Price: $4,250,000
Income Expenses
Net Operating Income: 227246
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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