$11,350,000
2000 N 36th Street
Phoenix, AZ 85008
MLS# 5831544
Status: Closed

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Property Description
Great infill location in Phoenix! Close to Biltmore Fashion Park, Phoenix Sky Harbor, ASU and much more. The Grove on Palm Lane consists of 42 townhome units that are all for-rent. The development consists of 42 two-story single-family homes comprised of 18 buildings of two semi-detached homes and six fully detached homes. There are 36 larger units of over 1,800 square feet with two-car garages and six units of over 1,600 square feet with a single car garage. The lot size is 49,500 square feet. The overall architecture of the exterior is a contemporary style and the interior has higher end finishes consisting of just under 10-foot main floor ceilings, maple/cherry cabinetry and larger trim for base and case. Construction now complete.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $11,350,000
Sold Price: $11,350,000
Status: Closed
List Date: 2018-10-10
Location, Tax & Legal
Assessor's Map #: 15
Legal Description (Abbrev): LOT 1 GROVE ON PALM LANE MCR 133021
Assessor's Parcel #: 137
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 0
Legal: Lots 1-42 Grove on Palm
Marketing Name: The Grove on Palm
Map Code/Grid: P35
House Number: 2000
Compass: N
Street Name: 36th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
County Code: Maricopa
Subdivision: GROVE ON PALM LANE
Assessor Number: 120-15-137
Tax Year: 2018
General Property Description
# of Buildings: 18
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 569' x 162'
Total # of Units: 42
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 2018
Zoning: R-4
Legal Info
Range: 3E
Section: 36
Township: 2N
Lot Number: 1-42
Project Type
25 - 50 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 12595800
Equity: 11600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
On Street: 1
Attached: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 42
Avg Rent: 1860
Avg SqFt: 18230
# Baths: 25
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 36th Street & Palm Lane
Geo Lat: 33.470338
Geo Lon: -112.0042
Status Change Info
Off Market Date: 2018-12-28
Under Contract Date: 2018-11-29
Close of Escrow Date: 2018-12-28
Sold Price: $11,350,000
Property Features
Project Type: 25 - 50 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: Garage; On Street; Attached
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: Other (See Remarks)
IDX
Listing Office: City to City Commercial

Last Updated: September - 21 - 2023

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