$243,000
Scottsdale, AZ 85251
MLS# 5499515
Status: Closed
2 beds | 2 baths
1 / 13
Property Description
Incredible Location in Old Town Scottsdale with a brand new lifetime roof and a newer ac/heating unit which is under warranty. This House has been beautifully remodeled top to bottom with quality materials. No carpeting; just high end tile and plank cherry wood engineered flooring. Even the popcorn ceilings have been removed throughout. Top of the line washer and steam dryer laundry units and upscale appliances throughout. Huge fully fenced In back yard is part of the extra large Lot. Perhaps add a bedroom or two and enclose the patio. Maybe even detail your very own custom backyard Oasis. This house has ample room to grow as many property values in this neighborhood exceed 500k
Details
Maps
Contract Information
Status Change Date: 2016-10-12
Sold Price: $243,000
Status: Closed
Current Price: $243,000
List Date: 2016-09-19
Type: EA
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: P37
House Number: 8537
Compass: E
Street Name: AVALON
St Suffix: Drive
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 7305
Country: USA
County Code: Maricopa
Assessor's Map #: 38
Assessor's Parcel #: 20
Assessor Number: 130-38-020
Legal Description (Abbrev): SCOTTSDALE ESTATES 16 2504-2531
Subdivision: Scottsdale Estates
Tax Municipality: Scottsdale
Taxes: 1189
Tax Year: 2015
General Property Description
Dwelling Type: Single Family - Detached
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 2
# Bathrooms: 2
Approx SQFT: 1191
Price/SqFt: 204.03
Horses: N
Builder Name: unknown
Year Built: 1961
Approx Lot SqFt: 8124
Pool: None
Elementary School: Hohokam Elementary School
Jr. High School: Supai Middle School
High School: Coronado High School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: 86th St. and Thomas
Geo Lat: 33.482908
Geo Lon: -111.897042
Status Change Info
Off Market Date: 2016-10-12
Under Contract Date: 2016-09-29
Close of Escrow Date: 2016-10-11
Sold Price: $243,000
Legal Info
Township: 2N
Range: 4E
Section: 25
Lot Number: 2400
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2 $/%: $
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Parking Spaces
Carport Spaces: 1
Total Covered Spaces: 1
Contact Info
List Agent Home Phn: 480-766-6245
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Special Listing Cond: N/A
Master Bathroom: None
Fireplace: No Fireplace
Flooring: Carpet; Tile
Pool Features: No Pool
Spa: None
Dining Area: Breakfast Room
Kitchen Features: Dishwasher; Refrigerator
Laundry: Washer Included; Dryer Included
Features: Fix-Up Needs Repair
Construction: Block
Const - Finish: Brick Trim/Veneer
Roofing: Comp Shingle
Cooling: Refrigeration
Heating: Electric
Utilities: SRP; SW Gas
Water: City Water
Sewer: Sewer - Public
Fencing: Block; Wood
Landscaping: Dirt Front; Dirt Back
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: No Fees
Assoc Rules/Info: None
Existing 1st Loan: Conventional
New Financing: VA; FHA; Conventional
Disclosures: Agency Discl Req
Supplements
As a turnkey investment opportunity, this property has produced over $20,000 in revenue in its first 8 and a half months since first being listed on the Airbnb service platform. Since then, the property has accrued great reviews on Airbnb and it's now earning even an even higher amount revenue and is projecting to gross nearly $36,000 over the next 12 month period. Current turnkey capitalization rate of over 11% at listing price valuation (net profit averages $2,390 per month on). Rental numbers are easily verifiable as all rentals have been paid out directly through the Airbnb service. Expenses are quite minimal as there is no HOA.
Listing Office: Crossroads Brokerage
Last Updated: July - 19 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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