4302 N 103RD Avenue, Phoenix, AZ 85037

$4,150,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $4,150,000 Last Modified: 11/02/2024

Overview

Description

FAIRWAY VISTA CONDOMINIUMS, IS A 76 UNIT CONDO COMMUNITY LOCATED ALONG VILLA LA PAZ GOLF COURSE. FEATURING 75 (960 SF) 2-BEDROOM 1-BATH CONDOS & 1 STUDIO CONDO. EACH CONDO FEATURES A GREAT ROOM W/EXIT TO COVERED PATIO/BALCONY, KITCHENS HAVE REFRIGERATOR, ELEC RANGE/OVEN, OTR MICRO, DISHWASHER, PANTRY & DINING. CERAMIC TILE & CARPET, ELECTRIC IS INDIVIDUALLY METERED, LUSH LANDSCAPING W/GATED COMMUNITY POOL, BBQ AREAS AND 2 REMODELED COMMUNITY (INCOME PRODUCING) LAUNDRY ROOMS W/MAYTAG WASHER & DRYERS. EACH CONDO HAS 1 ASSIGNED COVERED PARKING SPACE. 56 ADDITIONAL UNCOVERED & HANDCAPPED SPACES. HOA IS ESTABLISHED (INACTIVE) SO UNITS CAN BE SOLD INDIVIDUALY. CURRENTLY RENTING AT $700 MONTHLY. 2-CONDOS W/$10K IN UPGRADES W/GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES & CHERRY CABINETS.

Listing Details MLS# 5063667

Location, Tax & Legal

Map Code/Grid: P30
House Number: 4302
Compass: N
Street Name: 103RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85037
Zip4: 5511
County Code: Maricopa
Subdivision: FAIRWAY VISTA CONDOMINUMS
Assessor Number: 102-22-767
Tax Year: 2013
Assessor's Map #: 22
Legal Description (Abbrev): FAIRWAY VISTAS CONDOMINIUMS
Assessor's Parcel #: 767
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 82002
Taxes: 586
Legal: FAIRWAY VISTAS CONDOMINIUMS MCR 1080-23UNIT 1PLEASE NOTE: FOR LEG
Marketing Name: FAIRWAY VISTAS

Contract Info

Ownership: Condominium

General Property Description

Lot Size Dimensions: 838
Year Built: 1979
Uncvrd Parking Spcs: 56
Total # of Units: 76
# of Buildings: 7
Zoning: MH MULTIFAMILY
Elementary School District: Pendergast Elementary District
High School District: Tolleson Union High School District
Elementary School: Villa De Paz Elementary School
Jr. High School: Villa De Paz Elementary School
High School: Westview High School

Remarks Misc

Cross Street: INDIAN SCHOOL & 103RD AVENUE
Directions: FROM INDIAN SCHOOL ROAD - NORTH ON 103RD AVE 4 BLOCKS TO PROPERTY

Status Change Info

Off Market Date: 2014-10-13
Under Contract Date: 2014-10-09
Close of Escrow Date: 2014-12-19

Legal Info

Township: 2N
Range: 1E
Section: 20
Lot Number: Yes

More Information

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 500
Avg SqFt: 500
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 75
Avg Rent: 650
Avg SqFt: 960
# Baths: Yes

Contact Info

List Agent Home Phn: 480-515-9142

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

51 - 99 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Pool Equipment: Yes
Laundry Equipment: 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: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 586
Other Income: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0
Equity: 4900000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

Pool: Yes
Manager Res/Office: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Built-In Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Assigned: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Cash to Loan: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Private: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): 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

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 51 - 99 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool; Manager Res/Office; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal Cooling: Ceiling Fan(s); Heat Pump Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Books Shwn Accpt Ofr; Other (See Remarks) Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Private Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan; Conventional; 1031 Exchange Environmental: None

Listing Office: The Robinson Group

Last Updated: November - 02 - 2024