Friday, July 30, 2021

Are there any basement homes in Scottsdale?

 Expensive Basement House in Scottsdale

5436 E Sheena Drive, Scottsdale AZ 85254 is the hottest zip code in all of Phoenix.  Homes in this zip code are going for an astronomical amount.  This one is 4,300 sqft. 5/3.5/3 with a basement in a gated community.  Basement homes are super desirable in Phoenix.  95% of this Valley is electric. This home is in the 5% as it has gas.  

I am holding this one open and the neighbors tell me the owner’s dog died in the pool, so they removed the pool.  Unfortunately, they also removed a fast sale and some equity.  This home has been on the market for a month.  Very unusual for this zip code.  

Right now, appraisers are giving $11,000 for a pool.  But Buyer’s give more and jump on pool homes during the summer.  How much equity they gave away is uncertain?  At 1.3Mil ask price and 30 days on the market, might be a high price.  

There is a competitor selling at 1.2Mil with a pool, no basement and next to the busy road.  If I were offering on this house, I would offer 1.2Mil and use the pool as the excuse for the lower price.  The minimum pool will cost $50,000 anyway.  

The high sale right now is 1.150Mil or $323/sqft. If that holds for my house, the sale price should be near 1.4Mil.  This house at 1.1Mil is a bargain and should sell.  

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 


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Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com









Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

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