Archive for April, 2009
April 19th, 2009 categories: Desert Ridge
I thought it would be fun to start a new series of posts about what kind of home you could by in Desert Ridge for a certain price range. This post is to show what you could buy in Desert Ridge for $250,000 and under.
As of today, there are 22 active listings in the MLS that are listed at $250,000 or less. There is a mix of condos and single family homes. The boundaries I have included for Desert Ridge are 56th street to the East, Pinnacle Peak Rd to the North, Black Mountain Pkwy to the West and the 101 to the South. I included La Verne Condos in the search as many consider it Desert Ridge – it is located off of 40th Street, just South of Fireside at Desert Ridge.
The least expensive home you can buy right now is $160,000. It is a Trend Home in Fiesta at Desert Ridge. Trend built these homes in 1998-1999 and they are single family homes with rather small backyards. However, they are true single family homes with 2 car garages and this home is 1,269 square feet. With an FHA loan, a person can put 3.5% down ($5,600) and have a payment around $842.00 (assuming average interest rate of 5.1% today and not including taxes and insurance). This home home sold for $326,531 three years ago. This list price is a short sale though, so the bank would still have to approve the short pay. However, based on recent sold comps, $160,000 should get approved.
Don’t want to mess with a short sale? Then the least expensive home is Read the rest of this entry »
Spoken by Kim Anderson |
April 5th, 2009 categories: Featured Properties, Sonoran Villas
Well, I can honestly say that we have now officially BLOWN THE COMPETITION out of the water with the most recent price reduction. Can you say $425,000 for a brand new luxury condo in the heart of Cave Creek, Arizona??? It is actually hard to even type as I never dreamed we would be able to offer these at this price!
However, our lender wants the project to move forward and getting these last two spec homes sold is a big step towards being able to have Phase II ready for next Winter!
In the last 3 weeks the real estate market has definitely experienced some momentum. Historically second quarter has always had the greatest activity in the Phoenix market, but I believe the lower interest rates and tax incentives for buyers has definitely pushed some buyers towards feeling like the time is now. Homes are even more affordable than prior to pre-boom pricing and it won’t stay there long.
With our recent price reduction there are only about 7 homes today on the market in the area that are greater than 2,000 square feet that are priced less than Sonoran Villas. They are all more than 10 years old and vary in condition. As far as new construction, nobody can touch Sonoran Villas. The next thing even close is Rancho Verde at $595,000.
We have already had numerous calls since the price reduction so I would encourage you to run and not walk to view these last two specs at this incredible price! Call Kim at 480-201-4185 if you would like to set up an appointment to view.
Spoken by Kim Anderson |
April 1st, 2009 categories: Featured Properties, Sonoran Villas
Sonoran Villas, a luxury condo community in Cave Creek, AZ just got better with the completion of their new community pool.
The pool is heated and features a large pool deck for you to soak up the Arizona sun. The views of Black Mountain from the pool deck are spectacular.
With the recent price reduction of our last two units to $464,000 – this is a bargain for your slice of Arizona luxury!
Compared to many other luxury condo communities our Homeowner’s Association dues are very low. Even with the recent addition of the pool, the monthly dues remain at $195 per month and includes free wi-fi Internet service, use of the pool, common area maintenance including private backyard landscaping and the blanket insurance policy that insures the exterior of all the buildings.
Stop by and visit Sonoran Villas and see how nice Arizona living can be!
Spoken by Kim Anderson |
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