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Blog by Doug Ingersoll

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Aviano Villages for Lease - for sure

Arizona is such a beautiful state. Woke up Saturday morning in Williams after a night on the Polar Express and the temp was 27 F. the kids thought it was great to see their breath.......for about 3 minutes at which point the benefit of Phoenix weather dawned on them.

The Villages has seen some changes in the last month or so. My plan to recoup the amount I overpaid for my Savino model was foiled when they closed the sales trailor and stopped handing out free cookies. Linda usually threw out a whole plateful and was more than happy to see them go to the kids. The signage has changed, the fencing is gone and there is concern aplenty from what I can tell. Here is what I know:

I spoke to Linda Vollrath and she said that toll has:
*leased or sold the remaining inventory in building 18 and the model units.
 Unit 1245 - an Amici model - just went from a sale to a lease listing of $1400 a month  with furniture negotiable.
*they will continue building when the climate gets better. When? Nobody knows.
*competing with resale; either distressed or normal is making it hard for new builds to appraise.

I asked her if Toll was giving up on the project and she said no. Has Toll ever done that
to a community that she is aware of? No.

At this point I am taking her at her word. From a business perspective I understand why they would do this. They still run the HOA so do have an interest in keeping the place up. The last thing they would want is a newspaper story about them walking away. The damage it would do to their reputation and the other Arizona communities they are trying to sell would be significant.

My opinion and $8 will get you a cup of coffee so who knows. Time will tell. Lets just wait and see.

The Solaria model at 22319 North Freemont Road just leased for $1. Either the lease deal of the year or a typo.

The Venezia model at 3938 East Daley Lane just leased for $2650 a month furnished.    

Tags: aviano, desert ridge, phoenix, real estate, villages,fireside, arizona, short sale, foreclosure, toll brothers. Information and pictures supplied by Arizona Regional Multiple Listing Service and deemed reliable but not guaranteed. Proud to live, work and play in the great State of Arizona.

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