Month: April 2020

Gated Community with Pool in Northeast Mesa

Enjoy low maintenance living with this spacious 3 bedroom single level located in the popular gated community of Silverstone. Vaulted ceilings, plant shelves and plenty of natural light add to the charm. Large great room, open kitchen with island and Master with separate bedroom exit add to the functionality. Recent updates include gorgeous wood laminate flooring throughout (2019), new AC Unit (2018) and new dishwasher (2019). All appliances, including the washer and dyer, convey.This conveniently located Northeast Mesa community offers security and a community pool. Just a few minutes from Red Mountain Park, the US-60 and AZ-202, restaurants, shopping and local favorites like Piefection, Arizona Golf Resort and JJ Madisons All American Grill.

For more information: Click Here

Virtual Tour: https://youtu.be/ePmdqNuBx44

1916 Craftsman Bungalow in Mesa

Around the time when only 8% of households had a phone and the cost of a stamp was $0.02 this perfectly appointed two story 1916 Craftsman Bungalow style home was built on a spacious 1/2 acre lot. Featuring a new metal roof, gated parking, a private driveway and room enough for a workshop, garage, guest house or RV Garage. The formal entry opens from the L-shaped covered front porch with arched openings to the formal living room boasting glass french doors, fireplace, original built-in book case and decorative molding. The formal dining room features an original built-in china cabinet with stained glass, plenty of natural light and views of the large, charming covered porch and large front yard.

The first level has original hardwood flooring and double hung windows throughout with 2 bedrooms, one full bathroom and a full, galley kitchen with gas range, original cabinets and white and green tile. There is a one room basement and “summer kitchen” with sink.

The second level offers three bedrooms, one bathroom, a sleeping porch and a full eat-in kitchen. This space is perfect for a larger family or additional rental income. The charming front dormer bedroom with vaulted ceilings has just been painted and has original built-ins and a window seat.

This home has had only three owners in the last 104 years. It’s the last home standing on a street that had four homes in a row that were built alike around the same time.

Back in those earlier years Mesa began purchasing utilities from Dr. AJ Chandler and installed our very first sanitary sewer system. Mesa was a bustling metropolis then and it is now. Many new businesses have emerged like Cider Corps, Mezona Market and Worth Takeaway and old favorites like The Blue Adobe, Mangos and Nuthaporns still remain after all these years. Enjoy this one-of-a-kind home located minutes from a bustling downtown full of arts, music and a delicious variety of local fare.

This is a popular location for vacation rentals especially during spring training and, with the light rail within a mile and its central location, it’s also very popular for long term tenants too. Turn your investment into cash flow right away with this turn-key opportunity.

For more information: Click Here

Market Update and Coronavirus

I’ve been watching the numbers and talking with colleagues and there have been no massive changes in the real estate market here in AZ since the Coronavirus hit.

March surpassed February’s closings with a very healthy amount of pending sales that are likely to close in April. The inventory levels are still low and we are still seeing demand in our market place.

I’m seeing (and hearing) a normal amount of cancellations and, of course, not all related to the current situation that the world is in. There are many reasons that would cause a sale to cancel. Except for those iBuyer companies (not surprised TBH), they are canceling on purchasing homes which is likely leaving many sellers in a pinch as they scramble to figure out a Plan B… and are likely halfway through moving. 😱 This is probably better for the sellers in the long run IMO because those companies always take way more than they are worth and give less than they promise anyway. If you don’t know what an iBuyer is, message me and I’ll explain.

Though we are in uncertain times, it’s definitely helpful that equity is plentiful in many of our homes and homes financed with subprime loans are very few and far between. This is good. Also, not everyone is out of work and very few in our immediate buyer pool have been affected by this situation.

As always, if you have any questions about this update or anything regarding AZ real estate, please reach out. You don’t have to be in the market, one of our clients or even in AZ. I love real estate and I’m happy to talk about it anytime.

Stay strong and healthy,

~Katie Halle Lambert