Desert Ridge Closed Homes
The bank owned Colima model in Fireside at 21704 North 38th Way just closed for $373K or $127 for each of the 2933 sq ft. This is a good deal as this home has a pool, backs to a wash and is in fantastic condition for a foreclosed home. 4 bedrooms, 2.5 baths and a 2 car garage in a very nice cul de sac. Floorplan
This bank owned Continental home at 2831 East JJ Ranch Road just closed for $248,900 or $102 a sq ft. Built in 2007 it has 4 bedrooms, 2 baths and a 2 car garage. This is part of the Desert Peak subdivision to the West of Cave Creek Road and North of Pinnacle Peak Road.
The normal sale Marble model in Fireside at 3961 East Cat Balue Drive just closed for $215K cash or $142 a sq ft. Remember that the smaller the sq ft the higher the sale price per sq ft tends to be. Part of the very popular Eternal Series, these homes have 2 bedrooms, 2.5 baths and a 2 car garage. No common walls with your neighbors in these homes and that always improves the home ownership experience. Floorplan
The bank owned Borrego at 3638 East Sands Drive has multiple offers and all have been accepted. Now the bank is countering all back for highest and best. The highest and best will usually have to sign the bank addendum which supercedes the Arizona Residential Purchase Contract. This is the interesting part as emotion sometimes grips people who have already moved into the house in their mind. I have seen bank addendums that mandate the buyer waive the appraisal contingency of the Arizona Residential Purchase Contract. Don't sign the bank addendum? Somebody else will. Not saying that will happen here as I don't know what the folks at Bank of New York Mellon have in mind. But it will be interesting to see what the number is when the dust settles. Floorplan
The ever insightful Stuart Crawford has this to say about the state of interest rates:
"Last Friday's Employment report was a disappointing indicator of the current state of the US economic recovery. This report, along with just about every other economic measure released last week, was weaker than expected. As a result, mortgage rates fell to a new low for the year. Against a consensus forecast of 150K, the economy added just 54K jobs in May, and the figures for prior months were revised lower as well. This was the lowest monthly level of net job creation since September 2010!
The big question about the economy is whether the slowdown in growth is mostly due to temporary factors or whether it will be longer-term. The earthquake in Japan caused a shortage of parts, which had a large impact on global manufacturing, and the swift rise in oil prices caused consumers to scale back on other spending. The Japanese earthquake was a one-time event, and oil prices have dropped back to $100 per barrel. Other investors, though, feel that economic troubles are more fundamental. They view debt problems in weaker European countries and a winding down of some fiscal and monetary stimulus programs in the US as major factors in the slower growth. Since mortgage rates are heavily influenced by the pace of economic growth, the degree to which the slowdown proves to be shorter-term versus longer-term will likely determine how long rates remain at these low levels.
For now, it is best to continue to take advantage of these historically low interest rates!"
Stuart is correct about these being rates akin to almost free money. Now would be the time.
You can reach Stuart at
The Crawford Team, V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com or www.stuartcrawfordmortgage.com
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
This bank owned Continental home at 2831 East JJ Ranch Road just closed for $248,900 or $102 a sq ft. Built in 2007 it has 4 bedrooms, 2 baths and a 2 car garage. This is part of the Desert Peak subdivision to the West of Cave Creek Road and North of Pinnacle Peak Road.
The normal sale Marble model in Fireside at 3961 East Cat Balue Drive just closed for $215K cash or $142 a sq ft. Remember that the smaller the sq ft the higher the sale price per sq ft tends to be. Part of the very popular Eternal Series, these homes have 2 bedrooms, 2.5 baths and a 2 car garage. No common walls with your neighbors in these homes and that always improves the home ownership experience. FloorplanThe bank owned Borrego at 3638 East Sands Drive has multiple offers and all have been accepted. Now the bank is countering all back for highest and best. The highest and best will usually have to sign the bank addendum which supercedes the Arizona Residential Purchase Contract. This is the interesting part as emotion sometimes grips people who have already moved into the house in their mind. I have seen bank addendums that mandate the buyer waive the appraisal contingency of the Arizona Residential Purchase Contract. Don't sign the bank addendum? Somebody else will. Not saying that will happen here as I don't know what the folks at Bank of New York Mellon have in mind. But it will be interesting to see what the number is when the dust settles. Floorplan
The ever insightful Stuart Crawford has this to say about the state of interest rates:
"Last Friday's Employment report was a disappointing indicator of the current state of the US economic recovery. This report, along with just about every other economic measure released last week, was weaker than expected. As a result, mortgage rates fell to a new low for the year. Against a consensus forecast of 150K, the economy added just 54K jobs in May, and the figures for prior months were revised lower as well. This was the lowest monthly level of net job creation since September 2010!
The big question about the economy is whether the slowdown in growth is mostly due to temporary factors or whether it will be longer-term. The earthquake in Japan caused a shortage of parts, which had a large impact on global manufacturing, and the swift rise in oil prices caused consumers to scale back on other spending. The Japanese earthquake was a one-time event, and oil prices have dropped back to $100 per barrel. Other investors, though, feel that economic troubles are more fundamental. They view debt problems in weaker European countries and a winding down of some fiscal and monetary stimulus programs in the US as major factors in the slower growth. Since mortgage rates are heavily influenced by the pace of economic growth, the degree to which the slowdown proves to be shorter-term versus longer-term will likely determine how long rates remain at these low levels.
For now, it is best to continue to take advantage of these historically low interest rates!"
Stuart is correct about these being rates akin to almost free money. Now would be the time.
You can reach Stuart at
The Crawford Team, V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com or www.stuartcrawfordmortgage.com
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
