$1,125,000
Scottsdale, AZ 85251
MLS# 6540415
Status: Closed
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Property Description
Opportunity Zone! Great Development opportunity in the heart of Old Town, currently zoned D/OR-2. Preliminary studies on residential condo / townhome project with significant upside. Must be sold with 7546 E. 1st. Existing home on property is partially demoed on the interior. See Supplement attached to listing with basic project economics. Call LA for more information! Owner/Agent
Details
Maps
Contract Information
Current Price: $1,125,000
Sold Price: $1,125,000
Status: Closed
List Date: 2023-04-05
For Sale or Lease?: Sale
Type: EA
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: P37
House Number: 7540
Compass: E
Street Name: 1ST
St Suffix: Street
Lot #: 16
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 4502
Country: USA
County Code: Maricopa
Assessor's Map #: 25
Assessor's Parcel #: 16
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 130-25-016-A
Legal Description (Abbrev): LOT 16 BLOCK 1 REDDELL MANOR MCR 004927
Subdivision: REDDELL MANOR
Census Tract: 217201
Tax Municipality: Scottsdale
Taxes: 2500
Tax Year: 2021
General Property Description
Apx Total Acres: 0.21
Apx Total Acres G/N: N
Price Per Acre: 5952380.95
Apx SqFt: 9118
Price Per SqFt: 137.09
Apx SqFt G/N: N
Lot Size Dimensions: 70X125
Horses: N
Zoning: D/OR-2
Flood Zone: No
Elementary School: Pueblo Elementary School
Jr. High School: Mohave Middle School
High School: Saguaro High School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: 1st Street between 75th and Miller
Directions: Take Indian School to 75th Street, Head south to 1st Street, go Left to property.
Geo Lat: 33.492412
Geo Lon: -111.918121
Status Change Info
Status Change Date: 2024-04-24
Off Market Date: 2024-04-24
Under Contract Date: 2023-12-01
Close of Escrow Date: 2024-04-24
Sold Price: $1,125,000
Legal Info
Township: 2N
Range: 4E
Section: 26
Lot Number: 16
Pmt & Rate Info
Equity: 1250000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family; Hotel/Motel
Parcel Size: .0 - .24 Acres
Current Density: 40+ Units P/Acre
Proposed Density: 40+ Units P/Acre
Development Status: See Remarks
Land Features: North/South Exp
Land Configuration: Square Rectangular
Existing Structures: Residence; See Remarks
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Listing Office: GNS Realty- AZ, LLC
Last Updated: April - 24 - 2024
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