September Sales

To be fair, I’m calling them “September Sales”, even though two closed in August and one will close at the beginning of September.

But, alliteration is always more fun than accuracy.

As usual, keep an eye on our live listings page to see all updates.

First, though, I want to reiterate our warning about “ibuyer” companies or investors who approach you with offers that seem too good to be true. An agent who promises to sell your home for a 1% commission most likely does not give you the quality of work that you deserve, or pushed most of the work off on you.

You may not be protected by an agent on your side who will protect your interests. That is our fiduciary responsibility to you. Investors don’t have that responsibility.

Sales

1) We sold this 2br/1ba, 1,008sf property, located at about 3rd Ave and Camelback, in just a couple weeks to a family with ties to the neighborhood who plan to renovate the property for themselves. The property sold for just under $400,000.

We expect this one to go quickly. The final list price has not yet been announced, but expect it to come on right around $400,000 later this week. The previous owner is an architect, who already prepared plans for an addition off the back of the property, to add a room and a bathroom.

The back yard also backs up to an abandoned alley. So all the new owner has to do is petition the city to claim half of that abandoned alley and they will add valuable square footage to the back yard –maybe enough for a guest house.

2) We went quickly under contract on a four-bedroom, 2 bath 1,858sf investment property with a pool in Tempe, which was beautifully renovated just a few years ago.

The seller had prepared the property to sell either to investors or buyers who wanted to a plug-and-play (or is that plug-and-live?) property.

Since purchase, the owners have made over $58,000 in improvements, including new exterior siding, pool resurfacing, pool heater and automation, panel installation , replacement of old Orangeburg sewer line, new washer and dryer, new pool pump and back yard landscaping with high quality turf installation. They have also added over $55,000 worth of home furnishings and accessories.

3) In mid-Augusts, we also closed on this 900sf 2br/2ba condo, across from all the great restaurants at Montebello and 7th St. This property went under contract quickly and above list price. It is nearly impossible to find a property at this price in this market, located next to so many great uptown restaurants and shopping. This shady condo community is stable and well-managed. The property has been partially updated with new flooring and paint, so you can make it your own.

If you have specific questions about these properties, please contact us at 602-456-9388.