AHWATUKEE FOOTHILLS NEWS, REAL ESTATE, JUNE 15, 2022

REAL ESTATE

Real Estate Guide Ahwatukee apartment complex sells at $69.7M

BY PAUL MARYNIAK AFN Executive Editor

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he rental market both locally and nationally is cooling a bit – but analysts said last week there might not be much reason to celebrate on either front.

Apartmentlist.com, a nationwide rental listing firm, said trends in apartment vacancies and rent indicate that more empty apartments are entering the market and rent increases are slowing, but that likely won’t remain the case long-term.

And looking at the Phoenix Metro area, the Cromford Report said that even the

limited rental data available on the Arizona Regional Multi Listing Service show that “though the median lease price has increased over the 12 months, far more listings are leasing below the asking price and far more listings are appearing on the ARMLS database.

“Landlords do not bother to list their properties on the MLS if they expect them to lease up very quickly and easily,” the Cromford Report said. “So the fact that we are seeing a 40% increase in new rental listings compared with 2021 shows us

see RENT page RE3

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REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

Valley home market today differs from 2008

BY GEOFF GREEN AFN Guest Writer

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he residential real estate market has certainly experienced a shift in the last few months.

Interest rates have increased, the quantity of offers is decreasing and houses are sitting on the market for longer.

Without a doubt, the buying mania that grew to oversized proportions in the last 6 months is over, does that mean we are facing another crash like 2008?

For some insight to the answer to that question, let’s compare 2008 with today’s market.

So why is the market slowing down and what can be expected in the next 3 to 6 months?

Demand Reduction: Recent interest rate increases are

starting to have a marked effect on the demand side.

Consider that for every 1% loan interest rate increase reduces a borrower’s buying power by 10%.

Interest rates have increased approximately 2% since January.

This means that if a borrower qualified for a $500,000 loan in January, that same person would qualify for a $400,000 loan today.

The only two options for that buyer – or new buyers entering the market today – are either a smaller house or wait a while.

It appears that many buyers are electing to wait and see what happens.

Supply Increases: At the end of May there were 11,726 active listings in the Greater Phoenix ARMLS system.

This number is 40% greater than the end of April, and 64% greater than the end

of March.

Yes, looking at those numbers it’s easy to sound the alarm, they are great for media “shock” effect!

However, let’s put these numbers into context.

A balanced market in the area is approximately 25,000 to 30,000 residential listings that usually creates around 3 months in days on market.

Using this historical balanced market number means that the current quantity of home available to purchase are only 39% to 47% of the quantity that is considered a balanced market and nowhere close to a sellers market.

The market appears to be still far away from the “fire sale” conditions that predominated in 2008.

What to Expect?

The unanswered question is will this pullback accelerate or find a level

of stability before major price damage is done?

By the numbers, Greater Phoenix remains firmly in a sellers market although the speed of price increases driven by aggressive buyers has certainly slowed or stopped in many areas.

It’s reasonable to expect a plateauing of prices combined with a pullback or decrease in pricing, especially as interest rate increases start to affect newer buyers.

Different neighborhoods, price ranges, and zip codes appear to be affected to differing degrees.

If you have an interest in the how the market shift is affecting your immediate area or the price of your home, contact geoffgreen@kw.com. Geoff Green is a successful realtor with Keller Williams Realty Sonoran Living. Information: 602 790 2927. 

Ahwatukee mortgage expert cautions against panic

BY JANELLE MOLONY AFN Contributor

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shley Mason, a mortgage loan originator with Home USA Mortgage, says it’s time homebuyers hear from a local professional on what’s happening in the market.

The Ahwatukee mother of two contends there is too much misinformation circulating online about recessions that is not immediately applicable to the PhoenixMetro market.

Mason cautions potential buyers against using generic, “bad” news shared online to

make very specific, local decisions.

“I want those in the market to hear directly from an insider on what the good news is,” she said.

“Talking to a loan officer [or originator] is the best way to go” when trying to check the pulse of the market, she said, adding that a local expert can “give you information that makes sense for your credit, your down payment, and other financial situations you may have” within the correct context of local market trends.

Mason offers three considerations for homebuyers to dispel several now-common fears causing many to hesitate, or

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wait altogether, on their purchase.

First, Mason addresses a pending recession with, “Don’t feel scared to buy.”

Millennials, especially, are worried and hesitating to purchase homes because of what they’ve witnessed in the 2008 market crash.

“I get asked weekly, sometimes daily: Do you think the market is going to crash?”

No one wants to end up upside-down in a large loan, however, said Mason, who has worked in the mortgage industry since 2014.

“The market indicators from the Great Recession are very different than market indicators now. Some indicate a recession, but not necessarily a [concurrent] housing crash,” she added.

Some of the key differences she has noted include more conservative lending guidelines and better credit profiles for applicants, overall. Prior “loose lending” practices placed buyers into high-risk mortgage contracts that could not be realistically sustained.

Most buyers are now sticking to safer 30-year, fixed interest rate mortgages, compared to the initially attractive, but riskier adjustable rate mortgages (ARM).

Trends such as these, “will avoid a

As one of few women working in her field, Ashley Mason especially enjoys working with and educating other women and female clients. (Special to AFN) crash,” Mason feels.

Next, Mason claims home values and buyer competition are relatively stable now. “The dust from COVID-related market influences is starting to settle,” she reported.

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REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

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Buyers get no relief from tumbling sellers’ position

BY PAUL MARYNIAK AFN Executive Editor

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alley homeowners who are hoping to sell their house appear to be heading for rocky water, according to several reports last week.

The Cromford Report, a leading analyst of housing market trends in the Maricopa and Pinal counties, said one of the biggest factors threatening to dethrone sellers from the catbird seat they‘ve enjoyed in negotiations for several years is a mix of rising supply and falling demand.

“Demand continues to fall in most areas but the dominant effect is now the rise in supply, with new listings arriving at a pace that is well above average,” it said, predicting that Buckeye, Queen Creek and Maricopa already are close to a balanced market, where bidding wars have evaporated and sellers no longer can call all the shots.

Nevertheless, the news also doesn’t offer much hope for buyers looking for “moderate” prices. Indeed, the meaning of “moderate” may not be at a new normal

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that landlords are less confident than they were a year ago.”

Nevertheless, sales of apartment complexes are continuing at a major pace – often at prices that are more than double what they sold for only a few years ago.

The latest case in point occurred last week in Ahwatukee, where the 192-unit Pacific Bay Club Apartments complex at 51st Street and Elliot Road sold for $69.7 million – nearly twice the $35.7 million that seller Pacific Bay Housing Partners LLC paid for it just two years ago, according to data compiled by the Valley real estate tracker vizzda.com.

Vizzda reported that Chicago-based Nuveen Real Estate, through a subsidiary named CIX Pacific Bay Club LLC, bought the complex with a $33.7 million down payment and an unspecific amount of debt from Bank of America.

The complex, built in 1988, comprises 10 two-story buildings on 6.8 acres with a mix of one- and two-bedroom apartments.

The sale price represented a per-unit price of $363,020, according to vizzda.

The Cromford Report said that in May 2021, nearly three-quarters of the 1,473 leases that closed hit the asking rent price

in the Valley and elsewhere in the country.

“The upper end of the market is slowing, but to a lesser degree than the midrange between $400,000 and $1 million,” the Cromford Report said. “Supply below $400,000 remains very low and that segment of the market remains strong.

Cromford said that data from May sales drawn from County recorder records show closed sales dropped 11% from where they were in May 2021 regardless of whether the deals involved new or used houses.

Even so, the overall median sales price in the Phoenix Metro area last month was $490,000 – up 24.8% from May 2021 with the new home median at $500,490 (up 27.8% over May 2021) and the median for resales at $486,000 (up 23.7% from May 2021), The Cromford Report said.

Those Valley price figures far exceed the national median sales price of $428,700 in the first quarter of 2022, although that nationwide number is up 30% from $329,000 in the first quarter of 2020.

Mortgage rates jumped from 2.75% in the fall for a 30-year fixed to over 5.25%.

An even more staggering blow to those in search of affordable homes, according to the real estate brokerage Redfin is that 8.2% of homes – about six million houses – are valued at $1 million or higher – double what those figures were two years ago.

Realtor.com said “Pandemic-era prices, as they currently stand, may be here to stay.

“It is entirely possible that prices level out and just don’t change very much for the next few years,” Greg McBride, chief financial analyst at personal-finance site Bankrate.com, told Realtor.com. “This would benefit first-time buyers by allowing their incomes to ‘catch-up’ to the cost of homeownership somewhat, but this would unfold over a two- to four-year period, not the next two to four months.”

McBride cautioned would-be buyers who hope for a significant price correction: “Sellers have been putting homes on the market and asking for moonshot prices. In a neighborhood where homes were selling for $600,000 one year ago, a seller may now be asking $800,000. Sure, they may need to cut the price a bit and

The Pacific Bay Club Apartments complex at 51st Street and Elliot Road in Ahwatukee sold last week for $69.7 million – nearly twice the $35.7 million the sellers paid for it only two years ago, according to data compiled by Valley real estate tracker vizzda.com. (Facebook) while 18.3% were below. By contrast, last month saw just over half of the 1,954 closed leases settle with the asking price and 41.6% fall below it.

Still, the median closed lease price last month was $2,200 – higher than the $1,900 median a year ago.

“The rental listings on ARMLS are not a balanced cross-section of the rental market,” the Cromford Report cautioned. “They tend to be skewed towards higher-end properties and single-family homes rather than relatively affordable apartments.”

“Rental prices have not changed a lot in the last five months and the median lease price seems to have hit a stable patch around $2,200,” it said, adding that the 2,385 vacancies reported on June 5 was up 26% from Jan. 1 and 79% form Sept. 1.

Those trends are similar to what apartmentlist.com reported.

“In Phoenix, for example, rents have increased by just 2 percent over the past six months, during which time the city’s vacancy index has gradually eased back to 5 percent, close to where it was before

eventually sell for say, $725,000, but that is still much higher than the $600,000 it would’ve sold for one year ago.”

Meanwhile, both the Cromford Report and MarketWatch.com kept a wary eye on the overall economy and how that might impact the housing market.

MarketWatch said the U.S. housing sector might be heading for the biggest slowdown in a decade, citing Len Kiefer, deputy chief economist for Freddie Mac. “The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006,” he said, adding: “I don’t think that home sales are going to grind to a complete halt. They’ll just slow. People will still be able to sell homes, but it may take you just a little bit longer than what it’s been.’

He also was quoted as saying, “It hasn’t shown up in many data series yet, but mortgage applications are pointing to a large decline over summer,” and that mortgage applications already have tumbled

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the onset of the pandemic,” Apartmentlist. com said last week.

“After experiencing significant disruption over the past two years, the rental market has begun to gradually stabilize,” it continued. “The markets that saw large spikes in vacancies in the early pandemic have since seen renters return. Meanwhile, demand has started to level off in the nation’s hottest markets. That said, the availability of vacant units nationally remains notably constrained compared to the pre-pandemic norm.

“Even if our national vacancy index continues its gradual easing, it won’t surpass 6 percent until well into next year on its current trajectory.”

Apartment list also said that the rapid cooling of the housing market may have an adverse impact on rental units’ supply and, consequently, rates.

“There are factors at play which could present headwinds to that easing,” it said.

“Although we’re now at the start of the busy season for the rental market, when the bulk of moving activity normally takes place, rapidly rising rents may incentivize many renters to stay put and renew existing leases rather than looking for new ones.

see RENT page RE5

AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

MASON from page re2

Though the housing market is always shifting, “Phoenix inventory is on the rise,” she said, adding that this means sellers will need to be less aggressive with their asking prices because buyers have more options.

“At the beginning of the year, the Phoenix-Metro area hovered around 5,000 available houses,” Mason said. “Right now, we are hovering around 10 to 12,000.”

These numbers could be reflecting the seasonal sales typical for summer, but in general, Mason said buyers can expect to see sky-high asking prices curbed.

4082 sqft 5 bedrooms, 4 baths

Additionally, “In order to have a balanced market, we need about 30,000 available homes.”

Mason predicts that the tension between supply and demand will ensure home values, “continue to increase, even through a recession.”

Finally, on rising interest rates, Mason said they “may be higher than those of two years ago, but historically, they are very low.”

Since real estate is a long-term investment, “you may come into it this year around 5%, but that doesn’t last forever.”

Due to the pricing spikes seen in the last

few years, climbing home values ensure, “buyers will still be gaining equity.”

Loan rates will eventually decline again and Mason suggests pre-planning for an opportunity to refinance. Homeowners can watch for future offers that will reduce monthly payments by at least $200.00 or those that provide terms that can drop interest rates by 0.5% or more.

There are usually upfront costs to re-fi, but even with those rolled back into the new loan, Mason said, “it saves homeowners huge amounts in the long run.”

Mason has been an Ahwatukee resident for seven years and started her career in

RENT from page RE3

“At the same time, the recent spike in mortgage rates has created yet another barrier to a historically difficult for-sale market, potentially sidelining would-be homebuyers and keeping them in the rental market. Given these factors, it’s possible that the easing of our vacancy index could level off in the coming months.”

In Mesa, five complexes and one condo community changed hands in the last three weeks in deals totaling $334 million.

The biggest deal involved the $142-million sale of the 460-unit Indian Springs Apartments on South Stewart, near Southern Avenue and Alma School Road, by California-based Open Path Investments to Rise48 Equity of Phoenix, according to Valley real estate tracker vizzda.com.

Built in 1985, the complex consists of 25 buildings, three pools and basketball/ tennis court, three laundromats and a club house on just under 10 acres.

The sale equaled a per-square-foot price

mortgages as a loan processor, working behind-the-scenes.

“I know how to streamline the process, educate them on the product, lay it out in a simple way, then get a loan from A to Z as quickly as possible.”

Mason believes that asking questions and discussing concerns about making major financial decisions does not have to be an uncomfortable situation.

She encourages Ahwatukee residents to reach out, even in the preemptive stages of home buying, adding “Informed pre-planning, even years in advance, is appropriate, and can be done with no sales pressure.” 

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W. Broadway Road for $92 million. Northmarq Phoenix said its investment sales team ’s investment sales and debt and equity teams represented the buyer.

The sale price was more than three times greater than the $30 million that seller Benedict Canyon Equities paid for the 36-year-old complex in 2018, The gated complex comprises 18 twostory residential buildings, three pools and a clubhouse on 12.3 acres. Vizzda said the sale broke down to a per-unit cost of $319,444.

Rise48 Equity plans to renovate the interiors of all the units at The Nolan, Northmarq said in a release.

“Rise48 has purchased over 1,000 multifamily units in Arizona since the start of 2022, and over $1 billion in transactions since 2019,” said Brandon Harrington, a member of Northmarq’s debt and equity team. “They continue to seek out well-positioned communities with value-add opportunities through improvements to the individual units and the complex amenities.” 

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REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

“We are seeing a very steep drop in a short period. In this environment, selling a home is no longer like falling off a log.

Showings will be fewer in number and offers far less easy to get than they were in March. Once buyers realize what is going on, expect them to start flexing their negotiating muscles. They might even ask for the seller to pay for a home warranty (shocking, I know).” 

SOLD

40% from their most recent peak in 2021.

Purchases and refinance applications are in fact down to the lowest level in 22 years, Realtor.com said.

Mortgage applications as a data point “gives you a sense of where the market might be headed,” Kiefer told MarketWatch, “because that’s the early stages of

in the Phoenix Metro market.

“This leads me to conclude that the market is serious about this change of direction and the new trend is likely to continue for some considerable time,” it said.

“There are two things that concern me about the sales decline in 2022,” it continued: “It is taking place in May, which in a healthy market should be one of the busiest months for closing.

PENDING

MARKET from page re3

when people are looking to buy a home.

And if the volume of applications falls, that tends to indicate that in a month, month and a half, mortgage originations of home closings will also decline.”

Kiefer expects home sales to henceforth “slow quite a bit over the summer.”

Meanwhile, the Cromford Report called May sales data “worrisome” because of a 16% year-over-year decline in home sales

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AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

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AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

7 considerations for renting a storage unit AFN NEWS SERVICES

M

any people keep storage units for months or even years.

Maybe you’re between houses, staging your home to sell it, or downsizing and need to get an attic’s worth of possessions tucked away. Or maybe you’ve just accumulated too much stuff.

Regardless of the reason, there are some smart strategies you should know before you decide to box your belongings and lock them away. Let’s look at seven important considerations.

What size storage unit should I get?

An 8-foot-by-8-foot-by-8-foot container will likely hold about one to two rooms worth of goods.

There is a huge variation in the size of storage units you can rent. The first step in figuring out what size works for you is deciding what you need to store.

Keep in mind you can stack items, similar to a giant Tetris puzzle.

“An 8-foot-by-8-foot-by-8-foot container will likely hold about one to two rooms worth of goods,” says Peter Warhurst, CEO of Red Rover Moving & Storage. “And a

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16-by-8-by-8 container will hold approximately three to four rooms’ worth.”

How much does a storage unit cost?

The monthly cost for a storage unit is around $190 but can range from $100 to $300 depending on size and location. Timing can play a role in the price you get, too.

“The [prime] self-storage season is typically from March 1 to Dec. 1, which leaves December, January, and February to get the best deals,” offers Alan Mruvka, founder of StorageBlue self-storage and E! Entertainment Television.

Storage units almost always lease month to month with no minimum or maximum term. A note about when you vacate the unit: Give notice before your rent is due.

Is a climate-controlled unit worth it?

While they can be more expensive, a climate-controlled storage unit is money well spent if you want to keep your valuable items protected.

“Climate-controlled units are not about the temperature as much as they are about the humidity,” says Mruvka. Humidity can lead to dampness, which can lead to bacteria and mildew growth, which can damage certain possessions.

Do I need insurance?

Do you have homeowners or renters insurance? If so, great, because this will probably cover the items you put in storage. (You should also check your personal policy just to be sure.)

If not, however, don’t assume you’ll be automatically covered by the storage facility should something happen to your stuff while it’s being stored. The reality is, you probably are not. Many offer additional coverage you can buy on site.

Can I store anything I want?

Just because you rent a storage unit doesn’t mean you have free rein with the space.

Obviously, hazardous or illegal materials and flammable substances like gas are no-gos and don’t try to store food (for humans or pets, not even things like a jumbo, unopened bag of birdseed).

How should I pack my stuff?

Moving your gear into storage requires packing and wrapping. You may well end up with damage if you just shove things in willy-nilly. If you want to keep your stored stuff dry and intact, plastic tubs are where it’s at.

“Use opaque plastic bins with lids, and try not to overpack bins, as it allows air to

circulate,” suggests McMenamin.

“Everyone thinks they’ll be airtight and keep out moths, but everyone would be wrong,”‘ says McMenamin. “Ditto for cardboard boxes.”

She suggests wrapping cashmere and carpets in acid- and ink-free paper before putting them in a lidded bin, and using cloth hanging bags for clothes, not plastic.

For furniture, “we always recommend using moving blankets, to offer the best level of protection,” says Warhurst.

What if all my stuff doesn’t fit?

Think you’ll take your stuff to storage and just throw away what doesn’t fit or what you decide you don’t want? Think again. You will be hard-pressed to find a trash can anywhere on the premises. Ever.

“Self-storage facilities don’t provide dumpsters and never let you dump your trash or items that you want to throw away,” says Mruvka. “If you think about it, it would be a free-for-all, and many dumpsters would be needed.”

“Furthermore, any trash left on the premises may result in a fee,” says Little.

This is why you need to declutter before you bring anything to a storage facility .

Ahwatukee’s #1 Team for Over 30 Years 7BR / 4.5 BA / 8,873 SQFT Estate living with refined tranquility in exquisite setting.

Meticulous stonework adorns entire exterior of home.

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W E N

3BR / 2.5 BA / 1,661 SQFT Nicely updated on spacious cul-de-sac lot.

2017 HVAC and 2022 water heater.

4BR / 4.5 BA / 3,040 SQFT Rare opportunity for waterfront living in Gilbert. Updated custom with breathtaking lake views.

Listed for $1,375,000

Mike Mendoza MendozaTeam.com

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LD O S

5 BR / 5 BA / 6,455 SQFT Stunning panoramic views from privately gated luxury retreat with casita on elevated preserve lot.

Listed For $525,000

Listed for $1,790,000

Sanctuary

Mountain Park Ranch !

LD O S

5 BR / 4.5 BA / 4,820 SQFT Custom home in the heart of Ahwatukee with ensuite bathrooms and 2021 exterior paint.

!

LD O S

Listed for $1,950,000

5 BR / 4.5 BA / 4,405 SQFT Superb mountain views from single-level custom with 2022 interior paint and 2019 HVAC.

Listed for $1,450,000

Listed for $1,395,000

Ahwatukee Custom Estates

re7

Summerhill Estates

AHWATUKEE FOOTHILLS NEWS | JUNE 15, 2022

re8

Ahwatukee Custom Estates

$1,375,000

SOLD!

Pristine & classy single-level gated tuscan estate! stunning curb appeal w/amazing south mountain views. Grand foyer, entertainment room w/full wetbar & scotsman icemaker, formal dining, family room w/canterra fireplace, kitchen incs :slab granite,alder cabinets,s/s wolf appliances,gas cooktop,miele dishwasher,copper sinks,island, & subzero, most amazing custom stonework ever seen in ahwatukee consisting of marble,canterra,travertine, & granite, large master ste w/sitting area & 2 separate full baths, his/her alder & cedar lined closets, guest suite-2nd master w/ensuite bath & courtyard, extremely private backyard w/covered patio, pebbletec pool w/waterfalls, firepots, firepit, grassy play area, & fully equipped outdoor kitchen, fruit trees inc: apple, orange, lemon, & lime, this dream estate has it all!

Calabrea

Ahwatukee Custom Estates

SOLD!

$1,339,000

$1,750,000

Pristine & Classy Gated Estate On A Premium 2/3 Acre Hillside Lot, Private Cul-De-Sac, 6 Bedrooms, 4.5 Baths, 5200 Sqft Of Pure Luxury Finishes, Stunning Views In Every Direction, Iron Door, Butted Glass Windows In Entry & Kitchen, Custom Window Treatments, Decorator Paint, Dome Ceiling Foyer & Groin Vaulted Ceilings In Living Room, Travertine & Hardwood Floors Throughout, 7-Inch Baseboards, Media Room, Dream Kitchen Includes S/S Appliances, Slab Granite Counters, Alder Cabinets, Huge Island, Walk In Pantry, Large Master Suite W/Stone Fireplace, Master Bath W/Jacuzzi Tub, 3 Vanities & Snail Shower, Paradise Backyard W/Travertine In Versailles Pattern, Turf Grass, Pebbletec Pool/Jacuzzi, 4 Water Features, Large Covered Patio, Stacked Stone Bbq, 4 Car Garage W/Epoxy & Storage! Your Dream Estate Awaits!!

SOLD!

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size SOLD! bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings one is a show stopper!!! over 4200sqft of luxury on a preserve hillside lot in a cul-de-sac, 5 bedroom, 3.5 bath with andThis previewed with 24family hourroom notice andkitchen appointment only. aentertaining. bonus room, formalCan living &be dining room w/soaring ceilings, w/fireplace, includes:s/s appliances,

SOLD! The best view lot in all of club west!!! this stunning custom gated estate in canyon verde has the best privacy & views you will find in ahwatukee*grand foyer*formal living & dining room*executive office*kitchen includes: custom cabinets w/ antiquing, s/s appliances, cooktop, island, breakfast bar, pendant lighting, & walk-in pantry*butler’s pantry w/wine fridge*family room w/fireplace*upgraded fixtures throughout*large master suite w/sitting area*master bath w/jetted tub, snail shower, & spacious closet*guest suite w/separate entrance*all secondary bedrooms are large*paradise perfect backyard w/covered patio, pebbletec pool & spa, firepit, built-in bbq, flagstone, and putting green*oversized garage w/epoxy & built-in cabinets*this custom estate is a dream opportunity! welcome to paradise!!

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slab granite, island, & recessed led lights, breakfast nook, gigantic master bedroom with the most amazing preserve views, custom master bath w/walk-in shower, freestanding tub, his/her vanities, & large walk-in closet, all bedrooms are extremely large with walk-in closets, views from every room, laundry room w/built-in cabinets & sink, extended length 3 car garage w/ epoxy, guest bedroom downstairs, paradise backyard w/covered patio, grassy play area, firepit, & custom new pool & jacuzzi 2020, this amazing home is truly stunning and checks all of the boxes!!

www.GenoRoss.com Donna Leeds

�

TOP GRI, ABR REALTOR

®

949.310.5673

One of the most amazing lots available in ahwatukee!! Located in foothills mountain ranch estates!! Over 5 acre hillside lot with stunning mountain views from every direction*build your dream custom estate or build multiple homes on this sight*zoned r3*the possibilities are endless on this rare opportunity*there is not another piece of land in ahwatukee that offers this many buildable acres*no hoa*located at the end of a cul-de-sac*be the king of the hill with views all the way to four peaks*plans available and other custom home options available from a well know ahwatukee custom home builder*do not miss this amazing hillside lot in an amazing location!!!!

Foothills $499,000

Mountain Park Ranch $679,000

Canyon Verde $899,000

lf"fl!

Amazing Remodeled Custom Estate with mountain views located at the end of a cul-de-sac.Over 8000sqft of pure luxury finishes.6 Bedroom,5.5 Baths.Custom Kitchen.Elevator.Executive Office.Basement Media Room.Dance Studio.Huge Backyard with Pool, Jacuzzi, Turf, BBQ, Sportcourt.This Spectacular Estate has it all!!!

1

Ahwatukee Agent 2020

Geno Ross

602.751.2121

wwwBestAgentWUSA.com

Making Ahwatukee

Home Dreams Come True Since 1986

hwatukee s Come True 1986

www.WestUSA.com I 480.893.0600

4505 E. Chandler Boulevard, Suite 170, Phoenix, AZ 85048

Petroglyph Estates at Superstition Foothills

Lakewood

SOLD!

$635,000

2,498 Sq Ft. EXCEPTIONAL HOME Which Has One of the LARGEST LOTS in the Premier Lakewood Community!

PEBBLETEC POOL and SPA in your own Oasis backyard! 4 bedrooms 3 baths with Lakewood Parks, Greenbelts & 2 Fishing Lakes, Playgrounds and More.

Jenifer Bulfer 480-297-6968 jbulfer@westusa.com

SOLD!

$175,000

On the Mountain! Phenomena Views of City Lights and Superstition Mountain. These Jack Nicklaus Spectacular Designed Golf Courses is Nestled in the Private Guard Gated Community, Superstition Mountain Golf and Country Club. Gorgeous 44,000sqft Tuscan Clubhouse with all the Amenities Expected with Luxury Living Including, 2 Nicklaus Designed Golf Courses and Swim/ Tennis/Spa Facility. Membership sold separately

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings and entertaining. Can be previewed with 24 hour notice and appointment only.

Donna Leeds

GRI, ABR

Ahwatukee Retirement Community

$457,500

SOLD!

Home backs up the 8th Fairway of the Ahwatukee Country Club with great view of South Mountain. Close to Golf, Restaurants, Shopping, the I-10 and Medical Facilities. Sit on your extended covered patio and watch the sun set. Enjoy all the amenities of the Ahwatukee Recreation Center with a large outdoor pool, heated indoor saltwater pool, Sauna, Spa, Gym, woodworking shop and more!

Troy Royston 480-435-3461 troyston61@gmail.com

SOLD!

$775,000

Gorgeous property on a premium lot (1 of only 6) with an unobstructed view and access to the iconic Morrison Ranch Silos. Captivating Interior Showcases High Ceilings, Soothing Palette, Tile Flooring, & a Sizable Open Dining/Den/4th Bedroom/Living Room. The Kitchen boasts of granite counters, SS appliances, white cabinets with crown molding, recessed & pendant lighting, wall oven, a pantry, & a center island with a breakfast bar. Main bedroom features a lavish ensuite with Separate Tub & Shower granite dual vanities & a walk-in closet. Fantastic backyard with covered patio, sparkling blue pool, & blue Skies !!

Marty Griffin 602-692-7653 martygriffin@q.com

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Donna Leeds

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GRI, ABR

Foothills

SOLD!

Location location! Conveniently located minutes from I-10, Ahwatukee country Club, park, shopping and dining. Bright open floorplan. New windows in 2015. Tile throughout. Large backyard with covered patio.

Geri Thompson 480-239-7589 thompson_geralyn@yahoo.com

$659,900

Custom home on flat 3.3 acres with horse arena and room to roam. City water!

Custom Santa Fe style 4 bedroom with tons of upgrades. Travertine tile galore, family room and other bedrooms also have tile. Kitchen has been upgraded with quartz counter tops, white cabinets and all stainless steel appliances convey. Custom doors and woodwork throughout home. Also, lots of tile work in bathrooms and other upgrades. Over $30,000 spent on upgraded doors and windows.

Carlos Martinez 480-751-8866 teammartinez11@gmail.com

lf"fl!

wwwBestAgentWUSA.com

Ahwatukee

SOLD!

$580,000

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949.310.5673

wwwBestAgentWUSA.com

$360,000

Thunderbird Farms South

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings and entertaining. Can be previewed with 24 hour notice and appointment only.

Marty Griffin 602-692-7653 martygriffin@q.com

949.310.5673

Morrison Ranch

Foothills Reserve

PENDING!

Gorgeous Highly Upgraded Golf Lot home nestled at the end of a cul-de-sac in the Foothills.

Meticulously cared for home w/ Brand NEW Kitchen & Shaw Flooring Remodel 5/22. This 4 bed, 2.5 bath sensible layout w/ high ceilings, energy efficient newer windows w/panoramic mtn views,& spacious FR/kitchen area make this home seem bigger than it is. Master retreat features updated bathroom, walk-in closet, & lrg. Balcony. The sprawling resort backyard has a gorgeous pebbletec pool, multiple sitting areas, lrg grass yard, side garden & shed all backing to the 13th hole of Foothills Golf Course.

Jill Ostendorp 480-678-7308 jillo@homesbyjillo.com

Beautiful move-in-ready 4 bed, 2.5 bath. 3,002 sq ft. Upgraded kitchen with lots of counters! SS appliances, granite, upgraded cabinetry overlook a highly upgraded pool. Master bedroom deck has INCREDIBLE vistas East, incl. South Mountain. Formal living and dining rooms, upgraded paint and flooring are just part of the fun of this home. A new TESLA solar/ battery system saves tons of $$. Nearby NEW Phoenix city park for hiking and biking, easy access off the 202.

Link Paffenbarger 602-989-7221 linkpaff@gmail.com