Tags Articles tagged with "homes"

homes

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The number of single-family residential homebuilding permits approved in July 2019 totaled 150.

With D.R. Horton Construction building in Tortosa and Rancho Mirage Estates, Meritage Homes in Homestead South and Province, and Richmond American in Palo Brea, Maricopa has returned to pre-recession levels of home permit requests.

Combined, 10 homebuilders received 150 single-family residential (SFR) permits in July, the highest monthly total since October 2007. The total projects are valued at $37 million.

DRH accounted for 60 of those home-building permits. The builder is quickly filling in streets in north and south Tortosa. Richmond, meanwhile, has rebooted the once-stagnant development of Palo Brea, and KB Home has lots in Homestead.

Starlight Homes and Scott Homes are both building in Sorrento. Fulton Homes continues construction in Glennwilde. LGI Homes is in Rancho Mirage, Costa Verde Homes is in Santa Rosa Springs, and Lennar is prepping more lots in Alterra.

According to the City of Maricopa, the July total tops the entire year of 2011, when only 110 homebuilding permits were issued.

“The amount of SFR permits coming in is astonishing,” Permit Technician Isela Hernandez said in a City release. “Maricopa is a great place to live and raise a family, and with all these new homes in development it seems the secret is out.”

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By Brian Petersheim

Brian Petersheim

Currently finding a nice rental home in Maricopa for a great price with less than perfect credit is like finding a hidden treasure at a flea market. Supply of available rentals is extremely low, while demand has been high

To put the supply in perspective, the city of Maricopa currently has about 18,500 homes currently, but as of today’s date there are only 14 homes available for rent on the Arizona Regional MLS (plus eight furnished vacation rentals).

The rental homes are coming on the market, have multiple applicants within the first few days and are rented quickly — 96.3 percent of the homes are rented within 30 days.

There were 81 homes rented in the past three months in Maricopa. The average monthly rent was $1,350 for approximately 2,000 sq ft home.

 

CURRENT LISTINGS
Total number of homes for rent – 14
Rentals allowing pets – 5
Rentals with pools – 1
Short term/seasonal rentals – 8

Monthly lease prices of the 14 homes
$1151-1200—-1
$1201-1250—-3
$1251-1300—-1
$1301-1350—-1
$1351-1400—-7
$1401-1500—-0
$1500+———1

With the rental market as tight as it currently is with supply, a prospective tenant needs to put their best foot forward when applying to rent a home. These are some tips and tricks to help a tenant get into the rental home of their dreams and set them above the competition!

  1. Know what your credit report looks like before you find the home of your dreams.
  2. Attach reference letter from boss or previous landlord to application.
  3. Have your real estate agent reach out to the landlord’s real estate agent to confirm the house is still available and ask if there are any applications pending.
  4. Any Realtor can help you with rental listings.

If you are interested in purchasing a home for an investment property, please reach out.


Brian Petersheim-Realtor
Call/text 602-206-9644
BrianPetersheim@gmail.com

Photo by Raquel Hendrickson

The most expensive home sold in the city of Maricopa from May 16 to June 15 was a half-million-dollar looker on a lake in Province that is the priciest of the year. The large house on a large lot included a casita and a private pool. There were tons of upgrades, from flooring to window treatments. Though on the market for nearly nine months at $14,000 above its eventual selling price, the results were apparently worth the wait.

  1. 19815 N. Puffin Drive, Province

Sold: May 31
Purchase price: $505,000
Square footage: 3,102
Price per square foot: $162.79
Days on market: 253
Builder: Engle
Year built: 2006
Bedrooms: 4
Bathrooms: 4
Community: Province
Features: Orchid model with stainless steel appliances, formal dining room, fireplace, waterfront views, full master bedroom, granite counters, play pool, patio, guest house
Listing agent: William G. Menkhus, HomeSmart
Selling agent: Jill K. Dames, Realty ONE Group

  1. 22496 N. Sunset Drive, Cobblestone Farms ………… $375,000
  2. 18955 N. Falcon Lane, Glennwilde …………………….. $322,000
  3. 18620 N. Tanners Way, Smith Farms ……………….… $319,000
  4. 19131 N. Toya St., Senita ………………………………….… $319,000

This item appears in the July issue of InMaricopa.

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SPONSORED CONTENT

Dayv Morgan

By Dayv Morgan

At about 50,000 people, the city of Maricopa is significantly smaller than Maricopa County, which boats a population of 4.2 million.

Despite our small-town feel, Maricopa does almost double the ratio of VA home loans over the Maricopa County housing market.

Between January and September, VA loans made up 12.4 percent of the loans for closed home sales in the city. Maricopa County’s VA loan figure was 6.9 percent over the same period.

Because VA home loans require veterans to occupy the homes they purchase, it could safely be assumed we have a very patriotic city with twice as many veterans and active duty servicemembers purchasing homes per capita as the Phoenix area.

There are many benefits for those who qualify for a VA loan. According to the U.S. Department of Veterans Affairs, generally there is often no down payment unless required by the lender, no private mortgage insurance, no credit score requirement and VA loans can also be used to refinance an existing home.

Veterans and active duty servicemembers who meet certain length-of-service requirements are usually eligible for a VA loan, along with other certain groups of individuals. To learn if you are eligible, call the VA at 1-877-827-3702.

Dayv Morgan, HomeSmart Success

844-811-7653

DayvMorgan@gmail.com


This column appears in the November issue of InMaricopa.

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Photo by Mason Callejas
  1. 43335 W. Little Drive

The most expensive home sold in Maricopa Aug. 16-Sept. 15 has been called “the castle” by neighbors and is noted as one of the most luxurious in town. It backs up to The Duke golf course and includes an RV gate and three-car garage. The house first sold in 2004 for $313,000 and then dove to $177,000 in 2011 before doubling its value in 2012 to $370,000. Its sale price this year is another 23-percent improvement.

Sold: Sept. 15
Purchase price: $455,000
Square feet: 2,851
Price per square foot: $159.59
Days on market: 133
Builder: Hacienda
Year built: 2003
Bedrooms: 4
Bathrooms: 2.5
Community: Rancho El Dorado
Features: Tons of custom features, from knotty elder doors and roman blinds to a granite table named “The Continent” and an outdoor pergola with a heated pool and pebble tech spa.
Seller’s agent: Peter Ashijian, Ahwatukee Realty
Buyer’s agent: Mary Ann Toohey, The Maricopa Real Estate Company

  1. 20470 N. Lauren Road, Homestead North, $375,000
  2. 22265 N. Van Loo Drive, Rancho El Dorado, $332,000
  3. 19500 N. Lariat Road, Glennwilde, $320,000
  4. 44544 W. Granite Drive, Cobblestone Farms, $304,000

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Photo by Mason Callejas

1. 41322 W. Lucera Lane

The least expensive home sold in Maricopa Aug. 16-Sept. 15 was an LGI home in Glennwilde. Listed as a short-sale, it sold for $6,500 under the asking price. The three-bedroom, 4-year-old house is 1,393 square feet on a 5,457-square-foot lot. It was previously listed in 2015 for $160,900.

Sold: Aug. 24
Purchase price: $121,000
Square feet: 1,393
Price per square foot: $86.86
Days on market: 122
Builder: LGI Homes
Year built: 2013
Bedrooms: 3
Bathrooms: 2
Community: Glennwilde
Features: Reverse osmosis, full master suite, built-in microwave, two-car garage
Seller’s agent: Coree Adams, The Maricopa Real Estate Company
Buyer’s agent: Bryan C. Adams, The Maricopa Real Estate Company

2. 37167 W. Mondragone Lane, Sorrento, $136,900
3. 36553 W. Pampoloma Ave., Tortosa, $139,000
4. 46156 W. Barbara Lane, Maricopa Meadows, $143,500
5. 41368 W. Parkhill Drive, The Lakes, $145,000


This item appears in the October issue of InMaricopa.

File photo

Does Maricopa need more diverse housing?

That’s the question posed by City Hall in a survey conducted this winter. The survey ran on the city’s website in late February through today. It asked residents what housing should look like in Maricopa in the next decade.

The city had a booth at Salsa Festival to question residents in person.

Rebecca Rothenberg of Atria Planning said the survey was meant to get feedback that helps the city “streamline zoning.” Atria was contracted to conduct the survey.

A presentation of a housing update is due to come before Maricopa City Council at its work session Wednesday at 6 p.m. A final draft of the housing report is due in May.

Rothenberger said while several residents indicated concern about apartments bringing crime or causing lower home values, a large portion of single-family homes (up to a third) are already occupied by renters.

The draft study shows 97 percent of housing is in single-family units, and “no housing for single individuals, regardless of income.” There are also no senior apartments or other housing for seniors in the low- to medium-income brackets. Rothenberger said more diversity in housing makes a community more sustainable.

Home ownership is considered affordable ($100,000 to $200,000) but renting is not, with most houses renting for at least $1,000 a month.

If Maricopa encourages diversity in available housing, planner Kazi Haque said there are options and zoning available for them. Besides apartments, that includes duplexes, condominiums, executive homes and townhomes.

The survey asked Maricopans what they want, if any, of those options.

A housing steering committee will have a workshop on the survey results Tuesday morning in council chambers before the presentation to city council that evening.

vacancy-rate

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22105 N. Diamond Drive

The most expensive home sold in Maricopa from Feb. 16-March 15 was in The Lakes at Rancho El Dorado. The single-level home with four bedrooms and three bathrooms sold for $399,900. It has a self-cleaning swimming pool and fronts one of the lakes the subdivision is known for. Its closing price was 12.6 percent higher than when it last changed hands in December 2014.

Date closed: Feb. 19
Purchase Price: $399,900
Square feet: 2,849
Price per s.f.: $140.36
Days on market: 46
Builder: Meritage
Built: 2008
Bedrooms: 4
Bathrooms: 3
Community: The Lakes at Rancho El Dorado
Features: 15,682-square-foot lot, private pool, lakefront, upgraded floors and cabinets, custom entertainment center, reverse osmosis
Seller’s agent: Merrill A. Jencks, West USA Realty Revelation
Buyer’s agent: Ryan Atwood, ProManage Realty, LLC


This item ran in the April issue of InMaricopa.