Tags Articles tagged with "Real Estate"

Real Estate

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Photo by Raquel Hendrickson

 

The least expensive home sold in Maricopa Aug. 16-Sept. 15 was a 13-year-old starter home in Maricopa Meadows. The home lost nearly 25 percent of its value since the last time it sold in 2005. Newly carpeted and painted inside, the home served as a rental.

  1. 46108 W. Long Way, Maricopa Meadows

Sold: Sept. 14
Purchase price: $155,000
Square footage: 1,447
Price per square foot: $107.11
Days on market: 39
Builder: Elite
Year built: 2005
Bedrooms: 4
Bathrooms: 2
Community: Maricopa Meadows
Features: New tile in kitchen, bathrooms and laundry room, new toilets, lots of ceiling fans, dual-pane windows, sheltered entry, two-car garage.
Listing Agent: Mary Almaguer, Apache Gold Realty
Selling Agent: Charles D. Powell, Realty Executives Tucson Elite

  1. 45638 W. Amsterdam Road, Maricopa Meadows ………..$165,000
  2. 42466 W. Hillman Drive, Rancho El Dorado ………………….$168,000
  3. 44773 W. Portabello Road, Acacia Crossings ………………..$169,000
  4. 41293 W. Capistrano Drive, Glennwilde ……………………….$170,000


    This item appears in the October issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The most expensive home sold in Maricopa Aug. 16-Sept. 15 was a two-story, five-bedroom home in the middle of Rancho El Dorado with a backyard pool and a master-suite balcony overlooking the golf course. It also sports a three-car garage, loft, fireplace and lots of space. Listed at just under $400,000, it sold for $5,000 under the asking price. That was $69,000 more than its selling price four and a half months earlier.

  1. 42443 W. Bravo Drive, Rancho El Dorado

Sold: Sept. 1
Purchase price: $394,000
Square footage: 3,890
Price per square foot: $101.29
Days on market: 130
Builder: Hacienda
Year built: 2004
Bedrooms: 5
Bathrooms: 3
Community: Rancho El Dorado
Features: Large diving pool with new tile, great views, master suite with walkout, new carpet and paint, multiple ovens, walk-in pantry, covered patio
Listing Agent: Heather Schmidt, The Maricopa Real Estate Company
Selling Agent: Bobby Johns, Realty Pointe LLC

  1. 22026 N. Cline Court, Rancho El Dorado ………… $375,000
  2. 21954 N. Olson Court, Rancho El Dorado ………. $373,000
  3. 40358 W. Dennis Lane, Smith Farms …………….. $275,000
  4. 42166 W. Santa Fe St., Glennwilde ……………….. $260,455

    This item appears in the October issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

The end of summer typically brings with it the sluggishness of the Maricopa housing market for the cooler months. Last year, for instance, the median price for a closed/sold home was $190,000 in September and stayed the same in December.

You can also expect fewer homes going under contract when the market is flat.

In 2017, Maricopa had 157 homes that went under contract in October. That dropped to 134 in November and then 106 in December, according to Multiple Listing Service (MLS).

As sales slow, the number of homes on the market increases. That coincides with an increase in active homes in the Maricopa market during the fall months.

2017 Active Homes
October 382
November 411
December 429

The market is expected to behave the same way this autumn, too. Though a stagnant housing market is often a buyer’s market, families looking for new homes usually search toward the end of the school year, so they can move over the summer.

And while October is “snowbird” season and visitors from the Midwest and Northeast return, Canadians do not seem to be having the same impact on the housing market as they once did. Canadian ownership is now under 5 percent, according to Empire West Title Company.

The exception to the flat fall market is Province, which is expected to see an upswing in activity, as they do get a lot of buyers who are in Maricopa only during the cooler months. Meritage Homes at Province is ramping up its spec homes. It has 14 completed and available specs right now, nine more were started in September and 22 spec homes are scheduled to start by the end of November.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com

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This column appears in the October issue of InMaricopa.

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Photo by Raquel Hendrickson

The least expensive home sold in Maricopa from July 16 to Aug. 15 was on a corner lot in Tortosa. A victim of the recession (it once sold for $750), it made a gradual comeback. It’s selling price of $158,000 is 66 percent higher than its last selling price in 2013. The standard three-bedroom home has a split floor plan and a covered patio in the backyard.

  1. 19352 N. Costa Verdez Ave.

Sold: Aug. 15
Purchase price: $158,000
Square footage: 1,370
Price per square foot: $115.33
Days on market: 9
Builder: Unknown
Year built: 2006
Bedrooms: 3
Bathrooms: 2
Community: Tortosa
Features: Tile flooring, dual sinks in master bath, grass back yard, 5,663-square-foot lot
Listing agent: Chad Crimmins, Elite Real Estate Pros
Selling agent: Michael Colletti, Realty ONE Group

  1. 35616 W. Costa Blanca Drive, Tortosa ……..$160,000
  2. 36997 W. Amalfi Ave., Sorrento, ………………$164,000
  3. 41988 W. Colby Drive, Rancho El Dorado… $165,000
  4. 43549 W. Colby Drive, Rancho El Dorado… $165,000

    This item appears in the September issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The most expensive home sold in Maricopa from July 16 to Aug. 15 was a two-story, four-bedroom house in Palo Brea. This is the third time the home has been sold since it was built in 2007. Its $320,000 price was 16.6 percent higher than its selling price 18 months ago. All four bedrooms are built like masters, and the 4,500-square-foot home sits on a 10,000-square-foot lot that includes a pool.

  1. 44022 W. Palo Abeto Drive

Sold: Aug. 10
Purchase price: $320,000
Square footage: 4,512
Price per square foot: $70.92
Days on market: 133
Builder: Beazer
Year built: 2007
Bedrooms: 4
Bathroom: 3.5
Community: Palo Brea
Features: Upgraded kitchen, 10-foot ceilings, large bonus room, huge master suite, outdoor built-in BBQ, pebble tec pool
Listing agent: Dayv Morgan, HomeSmart Success
Selling agent: Roque Martinez, eXp Realty

  1. 43612 W. Sparks Court, Rancho El Dorado …….. $315,000
  2. 40978 W. Pryor Lane, Homestead North ……….. $295,000
  3. 20690 N. Enchantment Pass, Province …………… $290,000
  4. 40092 W. Novak Lane, Homestead North ……… $285,500

    This item appears in the September issue of InMaricopa.

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By Dayv Morgan

Dayv Morgan

Traditionally, a down payment on a home is 20 percent of the sales price. This allows a buyer to avoid paying a monthly fee for private mortgage insurance. But saving up 20 percent is often a struggle for potential homebuyers. The median sales price in Maricopa is around $210,000, which would require $42,000 down.

This is why down-payment assistance (DPA) programs remain in demand. In 2016, the Pathway to Purchase (P2P) program allowed Maricopans to receive a grant of 10 percent of the price, up to $20,000, to be used towards the down payment. The P2P program returned last month for selected zip codes, including most of Casa Grande, but unfortunately Maricopa was not on that list.

There are still other DPA options for homebuyers in Maricopa. And DPAs are not just for first-time homebuyers.

Administered by the Arizona Industrial Development Authority, the HOME Plus Home Loan Program provides a 30-year fixed-rate mortgage combined with DPA up to 5 percent. The assistance is provided in the form of a three-year, no interest, no down payment, second mortgage, completely forgiven at the end of three years. The DPA can be used toward the down payment, closing costs or a combination of the two. Active military and veterans can receive an additional 1 percent.

For those who do not qualify for these programs, there is still a standard 3.5-percent down FHA loan program, which is the most common in Maricopa. The 0-percent down USDA loan program also still exists, but is only for specific geographical areas, and not an option within the city limits of Maricopa.

A 620 credit score is often thought to be the minimum to qualify for financing. Many renters don’t begin to even think about looking for homes until their score is in the 600s. FHA actually sets a minimum score of 580, but mortgage companies often will add their own “overlays” on top of the federal guidelines, bringing it back up to a 620.

Fortunately, there are some lenders with niche programs available to help potential buyers with less-than-great credit.

Carrington Mortgage Services, for example, has options for VA and FHA loans with a credit score as low as 500. The FHA loan requires a higher down payment of 10 percent, but the VA product does not require any down payment at all.

The previously mentioned HOME Plus program has a 620 credit score with most lenders, but there are several companies that will accept scores under 620, including Flagstar, Carrington, Bank of America and Quicken Loans.

Every lender will likely have different requirements for qualifying. In addition to credit score and down payment, other factors such as debt-to-income ratios and cash reserves will come into play. Based on your personal situation, your real estate professional and lender can direct you to the best financing programs available.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
844-811-7653
DayvMorgan@gmail.com


This column appears in the September issue of InMaricopa.

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Houses for sale saw a lot of activity around Maricopa in May. Photo by Adam Wolfe

By Brian Petersheim

Brian Petersheim, Realtor. Photo by Victor Moreno

The Villages? Rancho El Dorado? Tortosa? Alterra? Everyone that is introduced to the city of Maricopa asks, “Which is the best subdivision?” When shopping subdivisions, amenities can play an important role in determining whether a community is the right fit or not. Buyer should begin their search by asking themselves a few questions…

  1. How important are amenities?
  2. How important is drive time into Phoenix/Chandler?
  3. How important is the monthly HOA fee?
  4. What does that monthly HOA fee provide?

Read on, my friends….



Acacia Crossings

750 Homes/lots: Subdivision is completed

HOA: $71.50/month. Basic cable OR credit toward Internet included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts.

Fun Fact: The HOA actually modified a walkway from the center of Acacia to be able to walk to the stores in the Basha’s center, so resident wouldn’t have to walk or bike all the way around the subdivision to shop!

 

Alterra

862 Homes out of 1005 lots: No current building in the subdivision

HOA: $62.92/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas.

Fun Fact: Much of Alterra was underwater in 1983 due to a flood. Since then, many changes have been made to the “wash system” to make sure it doesn’t happen again.

 

Cobblestone Farms

884 homes on 892 lots: Last homes being completed now.

HOA: $278.45/quarter (92.82/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, pool, horseshoes, basketball court, lake, sports field.

Fun Fact: All the homes were built by Fulton homes, while most other subdivisions have multiple builders.

Fun Fact 2: Cobblestone/Fulton built the only basement homes in Maricopa, which are approximately 4,000 square feet.

 

Desert Cedars

418 homes/lots: Subdivision is completed.

HOA: $60/month. Basic cable not included HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas. Desert Cedars is the closest subdivision to Maricopa’s Copper Sky Multigenerational and Aquatic center, which means not only an easy walk to the festivities, but an up close and personal view of the Fourth of July fireworks from your house.

 

DESERT PASSAGE (aka Smith Farms)

548 homes of 705 home sites: Currently building.

HOA: $109/month. Basic cable included in HOA

Amenities– Walking/biking/jogging paths, children’s playgrounds, BBQ areas, pool, basketball court, sports fields, baseball/softball field.

Fun fact: Desert Passage has a pool, but many people forget about it when talking about subdivisions with pools.

 

GLENNWILDE GROVES

1,412 homes on 1,948 home sites: Currently building

$88.75/month.  Basic cable included in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, 2 heated pools, tennis, basketball, soccer, baseball/softball, stocked fishing lake.

Fun fact: Some of the sporting fields actually belong to the city’s Pacana Park, but since Glennwilde surrounds the park, they are part of the amenities.

 

HOMESTEAD NORTH

1,568 homes on 2,295 home sites: Currently building,

HOA: $48/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts, and lake subdivision.

Fun Fact: DRHorton was supposed to be the only builder in Homestead, so they named the main thoroughfare DRHorton Drive, but when other builders came in and started building, the name was changed to Homestead Drive.

 

MARICOPA MEADOWS

1,537 homes on 1,626 home sites: No current building in the subdivision.

HOA: $219/quarter ($73/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball court, outside workout trail, pickle ball court and lake.

Fun Fact: Maricopa Meadows is home to Maricopa’s only full disc golf course.

 

PALO BREA

113 homes on 525 home sites: No current construction.

HOA: $55/month. Basic cable included in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts and home of one of the few Sand Volleyball courts in Maricopa.

Fun Fact: Palo Brea only has homes on about 20 percent of the lots. Beazer Homes was the only builder there. The remaining lots have been for sale by the developer for several years.

 

PROVINCE (Villas or Gemini homes 55+ community)

1,323 homes on 2,124 lots: Currently building

HOA: $917.61/quarter ($305.87/month). Basic cable included in HOA

Amenities – Walking/biking/jogging paths, lakes, shuffleboard, tennis, pickle ball, indoor/outdoor pools, full workout facility, craft rooms, poker room, clubhouse, library & BBQ areas

Fun Fact: The smaller Villa or Gemini homes cost more per month on the HOA than the stand alone homes because it includes a roof insurance policy since 2 separate units share a common roof.

 

PROVINCE (Single Family detached 55+ community)

1,323 homes on 2,124 lots – currently building.

HOA: $603.76/quarter ($201.25/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, lakes, shuffleboard, tennis, pickleball, indoor/outdoor pools, full workout facility, craft rooms, poker room, clubhouse, library & BBQ areas.

Fun Fact: The entire subdivision of Province is comprised of single story homes only.

 

RANCHO EL DORADO (not Villages or Lakes)

Maricopa’s largest subdivision with 3,381 homes/lots: Subdivision is completed.

HOA: $127.90/quarter ($42.63/month). Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake, driving range, restaurant/bar (at the golf course). Maricopa’s only golf course subdivision.

Fun Fact: Rancho El Dorado was Maricopa’s first master planned community; some of the homes were completed in 2002.

 

LAKES at RANCHO EL DORADO (Rancho El Dorado Phase 3)

643 homes on 1,594 home sites: No current construction.

HOA: $62.92/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake and water feature.

Fun Fact: It is permissible for residents to use non-motorized boats like canoes or paddle boats on the lake.

 

RANCHO MIRAGE

280 homes on 2,163 home sites: 1 builder currently constructing homes.

HOA: $91.67/month. Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake with walkout pier and water feature.

Fun Fact: Of the 4 builders that were originally scheduled to build in Rancho Mirage, 2 of them never broke ground and 4 more came in and started building.

 

SANTA ROSA SPRINGS

160 homes out of 788 home lots: 2 builders currently constructing homes.

HOA: $68/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas.

Fun Fact: The original builders in that community used extra insulation for noise reduction because of the proximity of the train tracks.

 

SENITA (Maricopa Groves)

1,375 lots/homes built: Subdivision is completed.

HOA: $65/month. Basic cable INCLUDED in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas

Fun Fact: Senita 1 and 2 are the parcels west of the bridge over the wash while Senita 3 is the parcel East of the bridge.

 

SORRENTO

366 homes out of 821 lots in the subdivision: Current construction

$63.30/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake, splash pad, water feature, tennis courts.

Fun Fact: There are currently 2 new builders quickly putting up homes in Sorrento.

 

TORTOSA

1,055 homes out of 2,462 total home lots: No builders currently constructing homes

HOA: $91.00/month. Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, water feature.

Fun Fact: There were several streets in Tortosa with partially built homes, but no builder! The builder ran out of money and went under. Some of the homes were sold unfinished, but eventually the bank came in, finished and sold the homes.

 

VILLAGES at RANCHO EL DORADO

2,086 homes out of 2,104 total lots in the subdivision: Last lots being built on now.

HOA: $86.00/month Basic cable OR credit toward Internet INCLUDED in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, 2 pools, clubhouse w/kitchenette for resident use, workout facility, basketball & tennis courts.

Fun Fact: The original owners of the land where the Villages is located still live in the same house in the villages that they lived in when the subdivision was just farm land. If you look closely driving around Butterfield parkway, you will see a lovely, older home behind a gate with large mature trees! The home was built in 1956.



Please keep in mind that there are specific costs when buying a home in Maricopa’s HOA communities that are not listed here. Each subdivision may have its own fees for community improvement, reserve contribution or working capital that will need to be addressed in the offer to purchase a home. HOA disclosure paperwork costs approximately $400 and that specific fee must be paid by the seller. The rest are negotiable.

If you are considering buying or selling a Maricopa property and have questions, please reach out to a Maricopa real estate expert.

 

Brian Petersheim is a Realtor with Homesmart Success. He can be reached at 602-206-9644 or  BrianPetersheim@gmail.com

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By Dayv Morgan

Dayv Morgan

Considering Arizona’s abundant sunshine, rooftop solar panels are an appealing feature for homebuyers looking at a resale home.

Market indications show that the value of solar panels is often less than sellers hope for when selling, however. In the last 12 months, over 2,000 homes were sold in Maricopa through MLS. Of those, only 87 (4 percent) were listed as having solar panels; 63 were leased and 24 were owned.

According to DecisionData.com – based on two ZIP codes in Maricopa – let’s consider two scenarios: owned solar panels and leased solar panels.

Owned solar:
A residential 5kW solar system will save a Maricopa resident up to $111 per month. A 10kW system will double your savings. That’s significant given the dramatic increase in electrical power consumption in summer months due to A/C usage. Rising electricity costs and higher-than-average electricity usage means more opportunities for savings with solar even as rebates and incentives have decreased over the years. The average cost for a new system is $18,000–$20,000. When selling, the added value to the sale price amounts to only about $10,000. Nonetheless, it still only takes about four or five years to break even if you factor in the annual savings on electricity.

Leased solar:
Leased solar panels are technically not part of the home. Anyone buying the home may have to qualify with the solar company. Buyers may need a higher credit score than even the mortgage company requires to assume the lease, which may still have 15 years remaining. Homes with leased solar typically sell slower than homes with no solar, and may even sell for less. Furthermore, leased solar does not add value on the appraisal and lease payments often increase annually. Also, with most lenders, it increases a buyer’s debt-to-income ratio and, thus, decreases a buyer’s purchasing power.

Tips for selling:
Emphasize how much money you save. (Don’t be afraid to brag!) Provide buyers with written documentation on annual savings to help them understand kW and panel efficiency; they are more likely to see value if you can quantify the savings. Is it $100 per month? Three hundred? Include info in the MLS or leave a copy of recent electric bills on kitchen counter.

Help buyers recognize the value over the long term.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success. He can be reached at DayvMorgan@gmail.com.


This column appears in the August issue of InMaricopa.

 

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Photo by Raquel Hendrickson

The least expensive home sold in the city of Maricopa from May 16 to June 15 was a manufactured home in the Heritage District. Maricopa’s mixed-use heritage overlay was used a selling point, as homes within the overlay can be used as residential or commercial. The home was in the middle of an 8,000-square-foot lot.

  1. 45004 W. Garvey Ave.

Sold: June 9
Purchase price: $132,250
Square footage: 1,284
Price per square foot: $102.99
Days on market: 95
Builder: unknown
Year built: 1998
Bedrooms: 3
Bathrooms: 2
Community: Maricopa Manor
Features: Large lot, remodeled kitchen, new paint inside
Listing agent: Manuel Gauna, My Home Group Real Estate
Selling agent: R.C. Hard, Go Sold Realty

  1. 19220 N. Toledo Ave., Tortosa …………………….. $142,100
  2. 44823 W. Applegate Road, Alterra South ……… $152,000
  3. 46166 W. Sheridan Road, Maricopa Meadows . $153,000
  4. 36536 W. San Clemente St., Tortosa ………….…. $155,000
  5. 18883 N. Miller Way, Maricopa Meadows ….…. $155,000

    This item appears in the July issue of InMaricopa.

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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Brian Petersheim

The local and national real estate markets are constantly changing. Whenever I am out and about wearing my HomeSmart Success shirt at Gyro Grill or Fry’s, someone usually asks those six words “How’s the real estate market doing?”

If you are looking to buy or rent, then it can be hard to get the right house and the right deal by viewing houses part-time. The highly sought after upgraded, unique or pool homes may only last on the market for a few days.

Currently in Maricopa, we only have 2.1 months of supply compared to the 2.9 months of supply this month in 2016. Fewer homes are on the market, and those with distinctive floor plans and curb appeal will attract many of the same buyers.

Average days on the market for a Maricopa home is 82 days, with homes under $200,000 selling fastest averaging 56 days. TIP: Ask your local Real Estate agent to reach out to their colleagues about any upcoming listings and ask for a sneak peek if allowed.

If you are thinking of selling, then the market is currently in your favor. Consider doing an interior painting, carpet cleaning and decluttering for your showings. While the median price in Maricopa is $235,000, prices have increased 9.5 percent from Jun 2017 to June 2018. Opposite of the prices, actual supply of active homes listed is down 12.2 percent from June 2017 to June 2018. TIP: Tell your agent you want the home to hit the Multiple Listing Service on a Thursday to get the most traffic in the first few days because of the weekend.

Also, have the professional pictures done a couple of days in advance. They should be included when the listing initially goes live.
These are the numbers for the city of Maricopa for the week of June 12. These numbers only focus on the homes in HOA’ed subdivisions.

• 297 homes currently available for sale, not under contract, looking for offers
• 257 homes currently under contract (should close escrow within 45 days pending inspection, appraisal)
• 37 of the available homes have a built-in, private pool, which is huge when a buyer must have a pool and they are only seeing 12 percent of the homes available
• $164,500 = Least expensive home available. Notes: 3 bed/2bath plus den, 1,302 square feet in Tortosa, with covered patio and vaulted ceilings.
• $419,000 = Most expensive home available (non-Province) Notes: 4bed/3bath, 3,023 square feet, single story in Glennwilde on quarter-acre with heated pool, water fall, new owned solar, granite and two new air conditioners.
• 296 Regular/non-distressed listings
• 0 Short sale/pre-foreclosure
• 1 Foreclosed/Bank owned

Number of bedrooms- 297 available homes
• 2 bed-29 (mostly Province)
• 3 bed- 91
• 4 bed- 127
• 5 bed- 42
• 6 bed- 7
• 7+ bed- 1

Garage parking: of the 297
• 2 car- 208
• 3 car- 86
• 4 car- 3

Price ranges:
• $150,001-175,000—– 5
• $175,001-200,000—- 50
• $200,001-225,000—- 53
• $225,001-250,000—- 80
• $251,001-275,000—– 40
• $275,001-300,000—- 28
• $300,001-350,000—-26
• $350,001-400,000—-10
• $400,001-450,000—–3
• $450,001+ ————–2

Bottom line: The market is strong, and homes that are priced competitively are selling. Get out there and meet your new neighbor. Any questions about value or the market, please reach out to me.

Brian Petersheim is a Maricopa Realtor with HomeSmart Success. He can be contacted at 602-206-9644 or BrianPetersheim@gmail.com.

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Photo by Raquel Hendrickson

The most expensive home sold in Maricopa April 16 through May 15 was a lakeside house in Province that went for $375,000. That is a 2.8 percent increase in value since the last time the house was on the market in 2016 and just under $9,000 below the asking price. With a spacious floor plan and two master suites, the house included a back patio overlooking the water.

  1. 42419 W. Blue Suede Shoes Lane

Sold: May 15
Purchase price: $375,000
Square footage: 2,352
Price per square foot: $159.43
Days on market: 102
Builder: Engle
Year built: 2005
Bedrooms: 3
Bathrooms: 2.5
Community: Province
Features: Large kitchen, slate tile, great views, beautiful entrance courtyard and back patio, water softener, surround sound
Listing agent: Kim Gillespie, Coldwell Banker Residential Brokerage
Selling agent: Danielle M. Nichols, The Maricopa Real Estate Company

  1. 42403 W. Jailhouse Rock Court, Province, $362,500
  2. 20204 N. Snowflake Drive, Province, $362,000
  3. 44558 W. Venture Lane, Cobblestone Farms, $359,000
  4. 22076 N. Balboa Drive, Rancho El Dorado, $358,500

    This item appears in the June issue of InMaricopa.

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Photo by Raquel Hendrickson

The least expensive home sold in Maricopa April 16 through May 15 was a 20-year-old mobile home on a large lot in the Heritage District. It sold for $79,500. The property was last on the market in 2005, when it was priced at $120,000. This time, it sold in a little more than a month for its asking price.

  1. 19992 N. Condrey Ave., Maricopa Manor, $79,500

Sold: April 21
Purchase price: $79,500
Square footage: 1,216
Price per square foot: $65.37
Days on market: 36
Builder: Unknown
Year built: 1998
Bedrooms: 3
Bathrooms: 2
Community: Maricopa Manor
Features: Remodeled with new cabinets and counter tops, new fixtures, new paint, four parking spaces
Listing agent: Daniel Tate, Presidential Realty
Selling agent: Mark A. Roberts, HomeSmart Success

  1. 44980 W. Fred Cole Lane, Estrella Park, $132,000
  2. 36900 W. Mondragone Lane, Sorrento, $145,000
  3. 18600 N. Lariat Road, Glennwilde, $148,000
  4. 19285 N. Ibiza Lane, Tortosa, $151,000

    This item appears in the June issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

The heat is rising for renters who are navigating fewer options among ever-increasing prices in the city this year.

Investors are selling their rental properties to cash out on their equity. Canadian landlords are also benefiting from the local market by getting about an extra 25 percent return, thanks to the currency exchange rate.

These factors have helped create the decreased supply Maricopa has seen in recent years.

Through mid-May, only 23 listings were available to renters. All but one had been on the market less than 30 days.

Last year at this time, some homes were renting for $900. Today, no listings go for less than $1,100; and only three homes were available for less than $1,200 per month.

In a competitive market, landlords often get more than one application and can be more restrictive on their terms, like not allowing pets.

Tenants with less-than-perfect credit can increase their chances of getting approved by including with their application a referral from current and previous landlords. They could also offer to pay a higher security deposit – which, by state law, cannot exceed 1.5 times the monthly rent amount.

Buyers should be wary of advertised rentals on Craigslist or other classified websites that seem too good to be true.

In most cases, there is no cost for using a Realtor, and they can help make sure the home is not in foreclosure and that a legitimate lease is signed.

As rent prices go up, renters may want to consider buying, because payments will be about the same.  A $160,000 home can be owned for less than $1,200 per month.

Here is an estimated monthly payment breakdown at 4.75 percent interest for a Federal Housing Association Loan:

$819      Principal Interest
$108      Mortgage insurance
$125      Property taxes
$75        HOA
$60        Home insurance
$1,187

There are several mortgage companies in Maricopa that a potential buyer can sit down with for a free no-obligation credit evaluation.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
844-811-7653
DayvMorgan@gmail.com


This column appears in the June issue of InMaricopa.

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By Dayv Morgan

Dayv Morgan

As summer approaches and the weather warms up, the thought of having a backyard pool becomes more desirable.

But many people are hesitant to add one, thinking the cost is too great, and the return on investment will be too small when it’s time to sell.

In Maricopa, however, neither seems to be accurate. Most appraisers will say a pool adds $10,000 of value to a home.

In some parts of the Valley, pools are very common. Over the last month in Chandler, for example, almost 50 percent of the homes sold had a pool.

But in Maricopa, the number of properties with pools is quite low. Over the same 30-day period, only 22 of the 178 closed homes had pools (12.3 percent). Therefore, the added value is much higher than $10,000, often $25,000 or more in retail value.

So, what does it cost to keep cool?

A basic 80-foot perimeter pebble tec pool, with a maximum depth of 5 feet, should cost about $22,000, depending on the access to the yard. This means in most cases you will get at least a 100 percent return on investment.

If you add other pool features such as a waterfall, spa, in-floor cleaning system or heater, the price will jump quickly and the overall return for the pool investment will decline.

Another factor to consider is the “days on market” when you list your home for sale. Properties with pools tend to sell much faster than those without.

In the last month listings, Maricopa homes without pools took an average of 73 days to sell, while homes with pools sold almost twice as fast, in only 37 days.


Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.

844-811-7653

DayvMorgan@gmail.com


This column appears in the May issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

While there is often a lot of focus on getting a home ready to sell by improving and cleaning the interior, what a buyer sees on the exterior is equally as important. When I take potential buyers to look at a home, they begin making their decision on whether they like the property from the moment they get out of the car. Here are some focus areas and simple things you can do to improve the first impression of your home:

Paint
Over time, the exterior paint will fade and make the house look older than it is. Instead of repainting a whole house, you can give it a fresh look by repainting the trim or “pop outs” around the windows. This shouldn’t cost more than a few hundred dollars but will vary depending on the size of the house.

Porch
As buyers are standing on the porch waiting for the front door to be unlocked, they are examining the area around them. Make sure the ground is swept, cobwebs are removed from the ceiling, and lights are dusted and cleaned of any bugs. Also invest $10 to $20 in a new welcome mat and give the front door a fresh coat of paint, if needed.

Lawn
The majority of homes have desert landscape, so if you have grass in the front yard it can really be a nice feature. However, this time of year, most lawns have grass that is still dormant from the winter and filled with weeds. If the grass does not look lush and green, then the buyer will assume it is too much work to maintain and view it as a negative. Replacing the existing grass with new sod is not that expensive — a professional landscaper can purchase and install it in a 10-by-20-foot area for about $300.

Flowers
A burst of color from some flowers can provide a nice accent amid all the shades of tan paint and rocks. Try adding two or three small pots with some flowers on the front porch. The majority of yards already have an automatic landscape watering system, and you could easily connect it so that they are watered and maintained without any extra effort.

Neighbors
The surrounding houses and yards can also impact the value of a home. If a buyer hears barking dogs or sees streets crowded with cars and unkempt yards, they won’t want to buy in that area despite how much they love the home itself. Unfortunately, you can’t pick your neighbors, but you have nothing to lose by politely asking them to keep their dog inside during the day or requesting they move the cars farther down the street until the home sells. And, even if you had to pay $100 for a landscaper to clean up someone else’s yard, it sure beats making a price reduction of $5,000 or more because the house isn’t selling.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com


This column appears in the April issue of InMaricopa.

Costa Verde is building homes in the Santa Rosa Springs development. Photo by Michelle Chance

A report by Phoenix-based consulting firm Applied Economics estimates Maricopa’s recent housing growth could be a sign of more to come. It projected 1,200 new housing units will be built every year for the next five years. If future construction projects become a reality, AE estimates the city could grow by 42,000 housing sites 20 years from now. To read the report submitted to Maricopa Unified School District, click here.

 


MOBILE USERS GET NEWS FIRST. Download InMaricopa for Apple and Android devices.

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Photo by Raquel Hendrickson

 

Pinal Partnership hosted its February breakfast at Elements Event Center with the focus on the housing market in Pinal County. Jeremy Ramsdale of Ashton Woods and Jeff Gunderson of Lennar comprised a panel discussing the home-building and home-buying outlook. Some points to ponder:

  • There is an overall good outlook for housing in Pinal County.
  • Both Ashton Woods and Lennar are very active in San Tan Valley. Maricopa is “not quite as active” as STV but more typical of a steady growth in home-building.
  • “We think the future is bright for Maricopa,” Ramsdale said. “I think it’s going to be an attractive location.”
  • Developers see Maricopa has a wonderful quality of life but has “some challenges” with traffic.
  • Maricopa needs a new sign policy allowing builder signs to direct traffic to developments off the main road. Ramsdale said the current kiosks are hard to read, so newcomers on John Wayne Parkway have trouble finding Sorrento, where Ashton Woods operates as Starlight Homes.
  • Lennar has taken “a couple of looks” at Maricopa, Gunderson said, but the market “hasn’t matured enough” for the company to come to town.
  • All existing home sites are being absorbed. When all are absorbed, the prices will go up.
  • Good things will happen south of the railroad tracks when the overpass is completed.
  • Finding labor for home-building continues to be a big challenge. Many workers were lost to the recession and SB1070, a sweeping, anti-illegal immigration law. A program was even started in the penal system to train inmates in building trades, with “fantastic response.”
  • Home-builders are advertising all across the country to get skilled labor to move to Arizona.
  • Gunderson said more young people need to be encouraged to go to a trade school rather than college to fill a need in the market and “make more money.”
  • Pinal County is finally seeing entry-level homebuyers coming into the market.
Homestead construction


This article appears in the March issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The most expensive home sold in Maricopa Jan. 16-Feb. 15 is a spacious, two-story house on a 9,000-square-foot lot that includes a pool and putting greens overlooking a lake. On the market for more than two months and primarily used as a second home that left it in like-new condition, it sold for just $5,000 under its asking price.

  1. 40856 W. Chambers Drive

Sold: Feb. 2
Purchase price: $330,000
Square footage: 3,296
Price per square foot: $100.12
Days on market: 72
Builder: Meritage
Year built: 2012
Bedrooms: 5
Bathrooms: 3
Community: The Lakes at Rancho El Dorado
Features: Upgraded, stainless steel appliances, 3-car garage, RV gate, fireplace, loft, swimming pool, mini-golf, patio with BBQ
Lister’s agent: James Aarhus, Arizona Elite Properties
Seller’s agent: Van Talley, The Maricopa Real Estate Company

  1. 19074 N. Ibis Way, Senita $320,000
  2. 41881 W. Springtime Road, Province $315,000
  3. 18334 N. Arbor Drive, Glennwilde $309,998
  4. 40979 W. Pryor Lane, Homestead $309,900

    This item appears in the March issue of InMaricopa.

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Photo by Mason Callejas

The least expensive home sold in Maricopa Jan. 16-Feb. 15 has been around the block, so to speak. A short sale that previously changed hands for less than $1,000 in 2008 and again in 2014, the basic house is a fixer-upper. It was put on the market last February, had a contract fall through and was placed back on the market in October and sold for $5,000 over its list price.

  1. 46001 W. Tucker Road

Sold: Feb. 14
Purchase price: $125,000
Square footage: 1,893
Price per square foot: $66.03
Days on market: 16
Builder: Standard Pacific
Year built: 2005
Bedrooms: 4
Bathrooms: 3
Community: Maricopa Meadows
Features: All the basics, with 2-car garage, front lawn, separate tub and shower in master bath
Lister’s agent: Leslie D. Wright, Revelation Real Estate
Seller’s agent: Peter Kamboukos, Revelation Real Estate

  1. 19324 N. Costa Verdez Ave., Tortosa $139,000
  2. 46165 W. Sheridan Road, Maricopa Meadows $146,000
  3. 42719 W. Hillman Drive, Rancho El Dorado $148,000
  4. 45537 W. Windmill Drive, Maricopa Meadows $149,000

    This item appears in the March issue of InMaricopa.

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Dayv Morgan

 

By Dayv Morgan

This is the perfect time of year to get out and get active before the summer heat wave hits Maricopa — and you don’t have to go far to do it.

It’s likely your neighborhood has great amenities waiting to be discovered.

Buyers often ask me to tell them which communities have the best amenities. It’s no surprise that Province would top the list in almost any survey. But for families with children, or those who want to be active but not in an “active adult” subdivision, there are 17 other wonderful communities to consider.

Throughout all these neighborhoods are multiple parks and playgrounds. There are four subdivisions that also include community pools: Glennwilde, The Villages, Cobblestone and Desert Passage. Outside the swimming season, and for those without the option of a pool, there are plenty of other activities to choose from.

Here are a few of my favorites:

Maricopa Meadows features a 27-hole frisbee golf course, a basketball court, an exercise course along walking trails, a huge waterfall and lake surrounded with benches.

Tortosa also offers a frisbee golf course, nine holes with printable scorecards and a course map on the neighborhood’s HOA website.

Homestead is ideal for athletes as it offers 10 basketball hoops, a full-size soccer field with two goals, and a sand volleyball court. There’s also a large lake with benches for those who prefer a relaxing walk with views.

Desert Passage is also perfect for family-fitness enthusiasts. This neighborhood has a full-size soccer field with two goals, a sand volleyball court and two basketball hoops. It also has a baseball field with a backstop, sand infield and benches for each team.

Cobblestone has a variety of outdoor activities for its residents, including eight horseshoe pits, four basketball hoops, a full-sized soccer field with two goals and a baseball backstop. It also features a large lake with five fountains.

Sorrento has a family-friendly splash pad and two tennis courts.

Keep in mind that many of the neighborhood parks have signs posted indicating they are for use by residents and their guests only. So, if you’d like to use amenities in another neighborhood, consider growing your social circle outside your subdivision.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
844-8117653
DayvMorgan@gmail.com


This column appears in the March issue of InMaricopa.

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Photo by Mason Callejas

The least expensive home sold in Maricopa Dec. 16-Jan. 15 was a 46-year-old house across the street from Maricopa High School. It was the first time the home, built in 1972, had been on the market. Its selling price of $117,500 was $7,000 under its asking price. Though refurbished inside, the property showed its age in the Heritage District.

1. 19470 N. Taft Ave.

Sold: Dec. 20
Purchase price: $117,500
Price per square foot: $100.42
Days on market: 13
Year built: 1972
Builder: Custom
Bedrooms: 3
Bathrooms: 1.5
Community: McDavid
Features: Tons of upgrades, from wood flooring to granite countertops, new, stainless-steel appliances, shed, RV area, barbecue
Lister’s agent: Danielle M. Nichols, The Maricopa Real Estate Company
Seller’s agent: Robert Dishman, North & Co.

2. 42512 W. Bunker Drive, Rancho El Dorado, $132,500
3. 36490 W. La Paz Street, Tortosa, $136,000
4. 19296 N. Costa Verdez Ave., Tortosa, $139,000
5. 17453 N. Avelino Drive, Sorrento, $142,500

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Dayv Morgan

By Dayv Morgan

Whether you’re retiring, downsizing or purchasing a new home, Maricopa offers plenty of real estate options.

Reverse mortgages do come with a few conditions
1. The home must be a primary residence, and certified as such each year.
2. The property condition must be maintained.
3. The homeowner must still pay the property taxes, HOA and insurance.

The newest option might attract seniors who want to live with family, but desire a separate living space. One builder currently has a single-story model for sale in Santa Rosa Springs that is a great option.

This “multi-generational” floorplan has an area with a private family room, bedroom, bathroom and kitchenette, along with its own entrance from the exterior while still being attached to the main house. The properties are essentially two homes in one, and the HOA is only $65 per month, so it is a more affordable option than the adult community in the city.

Province, Maricopa’s fabulous 55+ community, was voted the best active-adult community in the country in 2006 by the National Association of Home Builders.

It features a 32,000-square-foot clubhouse and resort-style outdoor pool surrounded by a scenic 50-acre lake. Additionally, it is a guard-gated community, providing residents safety and security, especially for those who do not occupy the home year-round.

However, these added benefits do come with a cost: Homes in Province have the highest price per square foot and the highest HOA of any subdivision in Maricopa. HOA fees are $678 per quarter for single-family homes and $918 per quarter for the Villas, which share an exterior wall with another home.

Those looking to buy a home in other subdivisions might consider reverse mortgages – a unique option for seniors age 62 or older. With as little as a 20 percent down payment, purchasers can actually end up without a monthly loan payment.

Additionally, reverse mortgages can allow homeowners to refinance their existing loan and convert home equity into cash. The money can be paid in a lump sum, through a line of credit or with monthly payments. Fees and interest are charged on the loan amount, therefore over time the loan balance increases and your home equity decreases.

480-251-4231
DayvMorgan@gmail.com



This column appears in the February issue of InMaricopa.

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Photo by Mason Callejas
  1. 21823 N. Ingram Court

 

The most expensive home sold in Maricopa Nov. 16-Dec. 14 was a golf-course property in Rancho El Dorado. The luxury home’s history tells the story of the recession in Maricopa housing. It sold for almost $500,000 in 2007, then lost 45 percent of that price in less than a year. It recovered well by 2013, inching back to $425,000, but lost 13 percent by its most recent sale. It sits near the 18th green and has a pool and Jacuzzi with wonderful views.

 

Sold: Nov. 22

Purchase Price: $370,000

Price per square foot: $85.23

Days on market: 101

Builder: Hacienda

Year built: 2005

Bedrooms: 5

Bathrooms: 3

Community: Rancho El Dorado

Features: Pool and spa, fireplace, balcony, covered patio, formal dining room, loft, artificial turf

Lister’s agent: Pat Lairson, The Maricopa Real Estate Company

Seller’s agent: Jay Shaver, The Maricopa Real Estate Company

 

  1. 18575 N. Stonegate Road, Glennwilde, $330,000
  2. 43410 W. Venture Road, Rancho El Dorado, $320,000
  3. 42521 W. Abbey Road, Province, $312,500
  4. 22183 N. Reinbold Drive, Rancho El Dorado, $308,000

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Photo by Mason Callejas
  1. 42512 W. Bunker Drive

The least expensive home sold in Maricopa Nov. 16-Dec. 14 was also in Rancho El Dorado. It was the fifth time the house sold in 11 years, and it was immediately put back on the market for $33,000 more than it sold for. The one-story home has all the basics and is “move-in ready.”

Sold: Dec. 4

Purchase Price: $132,500

Price per square foot: $104.58

Days on market: 9

Builder: Unknown

Year built: 2003

Bedrooms: 3

Bathrooms: 2

Community: Rancho El Dorado

Features: Split bedroom plan, vaulted ceilings, extended patio, turf grass

Lister’s agent: Raiza Schwartz, My Home Group Real Estate

Seller’s agent: Raiza Schwartz, My Home Group Real Estate

 

  1. 19296 N. Costa Verdez Ave., Tortosa, $139,900
  2. 17453 N. Avelino Drive, Sorrento, $142,500
  3. 20700 N. Dries Road, Homestead North, $152,000
  4. 45158 W. Sage Brush Drive, Alterra, $154,465

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White: Mark Boisclair Photography, Inc.

By Dayv Morgan

As construction returns to Maricopa neighborhoods, new model homes give us a sneak peek into upcoming design trends in our region.

Last year, five builders opened model homes in six subdivisions and another three are scheduled to build new models in 2018.

White and espresso seem to be the dominant cabinet colors displayed in the model homes for builders locally, with granite or quartz countertops in almost every home; a few with just Formica laminate.

That design combination is also popular with many of the investors I work with.

Province Sales Associate Amy Jo Schoeberl said in her community most homes sold have white cabinets, with fewer buyers choosing espresso compared to two years ago.

Flooring choices inside the models were predominantly tile, in imitation “wood plank” style or in 12-by-24-inch size. A few of the homes had wood floors, and there were also some with vinyl floors that looked like wood.

Almost every new model I toured had gray- or beige-toned paint on the walls. The exception was Starlight Homes in Sorrento. They painted the walls white. Starlight is also somewhat unique in that the drywall corners featured in the model are straight corners instead of rounded. I was told that look is becoming popular. In fact, straight corners with this builder are actually an upgrade with an additional cost.

Meritage Homes at Homestead also has a model with white walls and straight corners, leaving out a design option for rounded corners.

Fulton Homes in Glennwilde, Costa Verde Homes in Santa Rosa Springs and Scott Communities in Sorrento are opening new models this year. It will be interesting to see what design aspects they pick.

One thing to keep in mind is that design trends are cyclical, so don’t stress if you feel your home is out of style. Give it enough time and it will be trendy again.

Espresso: Mark Boisclair Photography, Inc.

2017 Models:

Homestead (Meritage Homes): One model with cherry cabinets

Homestead (DR Horton): Two models. One with white cabinets and the other with espresso

Santa Rosa Springs (DR Horton): Two models. One with white cabinets and the other with espresso

Glennwilde (DR Horton): One model with white cabinets

Glennwilde (KB Homes): Two models. One with white cabinets and the other with espresso

Sorrento (Starlight Homes): One model with espresso cabinets

Rancho Mirage (LGI Homes): One model with espresso cabinets

Province (Meritage): 9 models. Three with cherry cabinets, three with white, two with gray, and one with espresso

Gray: Mark Boisclair Photography, Inc.

Dayv Morgan, HomeSmart Success

844-811-7653

DayvMorgan@gmail.com

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Photo by Mason Callejas

The most expensive home sold in Maricopa from Oct. 16 to Nov. 15 is a 12-year-old Fulton house in a Cobblestone Farms cul-de-sac. Its price increased 36 percent since it last sold in May. It sold for $900 under its list price. One of its six bedrooms is downstairs, and all upstairs bedrooms have walk-in closets. Its pièce de résistance is a pool and spa with a grotto, slide and diving board.

  1. 43967 W. Scenic Drive

Sold: Nov. 4

Purchase Price: $369,000

Price per square foot: $94.47

Days on market: 98

Builder: Fulton

Year built: 2005

Bedrooms: 6

Bathrooms: 3

Community: Cobblestone Farms

Features: Two stories, new carpeting, luxury pool with waterfall, covered patio, granite countertops, stainless appliances

Lister’s agent: Anthony Schumacher, The Maricopa Real Estate Company

Seller’s agent: Kristine Devine, Realty ONE Group

  1. 42251 W. Bravo Drive, Rancho El Dorado, $360,000
  2. 42158 W. Baccarat Drive, Province, $360,000
  3. 22468 N. Sunset Drive, Cobblestone Farms, $360,000
  4. 41011 W. Walker Way, Homestead North, $350,000

    This item appears in the December issue of InMaricopa.

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Photo by Mason Callejas

The least expensive home sold in Maricopa from Oct. 16 to Nov. 15 is described as a great starter home in Maricopa Meadows. The low-key house sold for 14.3 percent above its last sale nearly four years ago and $5,000 under its asking price.

  1. 46109 W. Windmill Drive

Sold: Nov. 1

Purchase Price: $120,000

Price per square foot: $115.27

Days on market: 21

Builder: Elite Homes

Year built: 2005

Bedrooms: 3

Bathrooms: 2

Community: Maricopa Meadows

Features: Full bath with master bedroom, appliances included, formal dining room

Lister’s agent: Johnaz O. Cortez, Realty ONE Group

Seller’s agent: Lori B. Hodgen, AZ Lane Realty

 

  1. 43711 W. Sagebrush Trail, Rancho El Dorado, $121,000
  2. 42562 W. Michaels Drive, Rancho El Dorado, $132,500
  3. 44038 W. McCord Drive, The Villages at Rancho El Dorado, $134,000
  4. 39975 W. Tamara Lane, Smith Farms, $138,000

    This item appears in the December issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

When it’s time to put a home on the market, many sellers don’t think about the impact high fees will have on resale. It is important to keep in mind what buyers in the area will consider when shopping for a home in Maricopa, including homeowners association fees.

HOA monthly dues

Acacia Crossings $71.50
Alterra $62.92
Cobblestone Farms $92.82
Desert Cedars $66.00
Desert Passage $99.00
Glennwilde $76.35
Homestead North $48.50
Homestead South $85.15
Maricopa Meadows $73.10
Palo Brea $55.00
Province (detached homes) $220.00
Province (villas) $286.52
Rancho El Dorado $42.63
Rancho El Dorado Phase III (Lakes) $62.92
Rancho Mirage $91.67
Santa Rosa Springs $68.00
Senita $65.00
Sorrento $63.30
Tortosa $86.98
Villages at Rancho El Dorado $83

It’s also important for buyers to research costs associated with nearby HOAs and how that may affect their purchasing power.

Let’s take a look at an example: At a 4.5 percent interest rate over 30 years, $50 a month in HOA fees equates to about $10,000 in purchasing power. We’ll say that a buyer is qualified for up to a maximum of $160,000 and the lender estimated the HOA at $50 per month. The buyer could make a purchase in Homestead North, where the HOA is $48.50 a month at $160,000. But, if he purchases in Desert Passage where the HOA fee is almost double that of Homestead, he will only be able to afford a home up to $150,000, assuming taxes and interest are the same.

Another cost often overlooked is HOA fees that must be paid at closing. Palo Brea, for example, has over $1,500 in disclosure and capital improvement fees, compared to Rancho El Dorado’s $400 disclosure and transfer fees. While these are often paid by the sellers, the fees could be negotiated to be paid by the buyer. However, the buyer will likely want a lower price in return.

Even worse, the buyer could walk away altogether at the thought of having to pay the HOA over $1,500 in the future.


Dayv Morgan, HomeSmart Success

844-811-7653

DayvMorgan@gmail.com


This column appears in the December issue of InMaricopa.

Brian French with his son Kyler, whom he adopted through the Department of Child Safety's foster program.

When it comes to giving back to the community, one Maricopa Realtor doesn’t draw a line between his personal and professional lives.

From taking on the role of a foster parent to going above and beyond to help his clients, Brian French of the Maricopa Real Estate Company tries to take a more benevolent approach to life.

“I’ve helped people move, paid for repairs, watched their kids,” French said. “I just want to help.”

It’s about building those friendships and paying it forward to the community, he said.

French, originally from Omaha, Nebraska, has been in Arizona since 2009 and Maricopa since 2010. Around that time, he was certified as a foster parent. After caring for more than a dozen children, French decided to take it one step further.

In 2011, he began to care for a 6-day-old boy who, in his short life, had already been through an incredibly traumatic circumstance. For French, that was when things started to change.

In Arizona, the Department of Child Safety will make every effort to keep a child with their family, giving parents, grandparents and aunts and uncles the chance to step up, French said.

For this young boy, that was not a possibility.

“He didn’t have anybody. [His mother] didn’t even know who the father was,” French said.

He took that as a bit of motivation and decided to adopt the boy he named Kyler. A year later, the adoption was complete, and Kyler was officially his.

French, at the time of the adoption, was married. But that soon ended. After a grueling battle, French retained full custody.

Being an athlete most of his life, French is a motivated individual with a positive mindset. He said he never let the experience hold him back from giving his son the best possible life. He has since stopped fostering, but not for a lack of trying.

“They [DCS] don’t tend to trust single men, I guess,” French said.

That means he gets to focus on Kyler and devote time to another relationship from which they are expecting a child soon. As his family grows, French’s future as a foster parent seems uncertain. But that’s OK, he said.

For now, he has the flexibility to be there for Kyler.

“I take him with me sometimes when I’m doing business or handing out flyers,” French said.

French said there are countless resources for people who want to foster children but feel like money is a factor, and he is willing to help anyone navigate the complexities of the system.

His advice for those interested in taking on a role as a foster parent but are reluctant to do so because of finances or a fear of the complex system is simple: “Don’t be.”

Maricopa residents Deborah and Carlos Weekly said French was helpful as a Realtor and a parent.

Several years ago, when in the process of facilitating the adoption of their grandchildren, Deborah said French helped the family secure a rental property when other realtors wouldn’t lift a finger, she said.

“He was really open to it,” Deborah said. “And, I found out after meeting with him, that that was because he was also a foster parent.”

Deborah and her husband developed such a bond with French they eventually used him when, approaching retirement, they decided to sell their home and downsize.

Not only is he a wealth of information and support when it came to the foster care system, she added, but his smile and positive attitude are something to behold.

“He’s got a really light and wonderful personality,” Deborah said. “When you see him he’s just a smile.”

Now, she said, they consider him and his son to be part of the family.

 

bfrench@live.com

623-451-1916


This story appears in the December issue of InMaricopa.