downtown phoenix real estate
Buying a Move-in-Ready Bank-Owned Home in Downtown Phoenix — How is That Possible?
Posted on 8/10/09 by Lyle Plocher » No Comments
Some young professionals have discovered the secret. There is currently a mortgage loan program that will allow you to buy a fixer and obtain money to renovate the home and combine the two loans into one 30-year fixed-rate loan.
Sam and Kim (some of you may know Sam as a DPJ blogger) recently purchased a bank-owned fixer near the Park Central Mall. At the same time that they were approved for their FHA loan, they were simultaneously approved for approx $32,000 in rehab money. Thanks to their very capable contractor handling the rehab and a little grunt work of their own, they will be able to move in and enjoy their renovated home within the next 30 to 60 days.
So, the moral of the story is, if you have considered a bank-owned home, but realized they were all fixers, fear no more — you can turn your fixer into your dream home before moving in with only a small down payment.
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- exterior photo before rehab
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- exterior of home with new shingles
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- kitchen before facelift
To find out more information about this very special loan program or about available bank-owned properties currently on the market in Downtown Phoenix, contact Lyle Plocher with Urban Connection Realty at 602.373.3725 or lyle@urbanconnectionrealty.com.
Historic Fixer on 2 1/2 lots in Garfield
Posted on 8/04/09 by Lyle Plocher » No Comments
A property like this rarely becomes available. This is probably one of only ten truly individually significant historic buildings in the Garfield historic district. Built in 1913, an original, nearly 2100 sq ft, two story brick bungalow with formal living, formal dining, large kitchen with original cabinetry and a huge pantry and laundry room. Great sized bedrooms downstairs, four bedrooms, bath, and foyer landing upstairs. Terrific windows throughout and solid wood floors in much of the house.
There is also a two bedroom, one bath guest house in the rear and the property is situated on over 17,000 sq ft of land.
Asking Price is $145,000
For more information or to arrange a personal viewing of the property, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com
Listing is courtesy of HomeSmart
50′s Ranch near Light Rail in great Uptown location
Posted on 7/26/09 by Lyle Plocher » No Comments
Walk to the 7th Ave Light Rail Station from this large single story home on a spacious corner lot. Featuring 3 bedrooms, 1.75 baths with separate entry for what could be home/office. Situated on a lushly landscaped lot with privacy in both front and back yards. Also, walking or bicycling distance to all of the new restaurants & other retail, opening near Central & Camelback including Postino’s, Lola’s, Haus Modern Living and on and on.
Asking Price is $283,800. You may qualify for 1% down FHA financing on this home (OAC).
For more information about this home or to arrange a personal viewing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com
Listing is courtesy of JDS & Company, LLC
Live in Arizona’s tallest residential building
Posted on 7/20/09 by Lyle Plocher » No Comments
Does high-rise living interest you, but you thought you couldn’t afford the mortgage plus HOA? If you’re interested in renting in Downtown Phoenix, there are actually a limited number of condos for rent at 44 Monroe, our tallest residential tower. Amenities include indoor/outdoor pool, spa cantilevering into the skyline, state of the art fitness center & conference room. Enjoy the community entertainment lounge, play pool, watch the game, enjoy wine & food in a relaxing intimate setting or step outdoors on the terrace and enjoy the views and fresh air.
With rents starting at just under $1400 a month for a 1 bedroom, 1 1/2 bath luxury condo, you would be able to walk to everything downtown.
For more information or to arrange a personal viewing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com
Buy this Red Brick Beauty with as little as 1% down
Posted on 7/03/09 by Lyle Plocher » No Comments
Buy this very cool, 3 bedroom home in the Campus Vista Historic District for as little as 1% down, depending on your Credit Score. This home sits on an irrigated lot with lush foliage – trees,shrubs, flowers and a pond. Built in 1948, this executive red brick ranch features large formal dining and living rooms, large windows and polished concrete floors.
The kitchen is a cook’s delight with a double sink under the corner window, built-in microwave, gas stove, d/w and separate prep sink with loads of counter space and cabinetry. The two baths have great vintage tile with matching custom ceramic and glass tile floors. It also has a/c and evap, dual pane windows and private backyard with a covered patio.
Great Midtown Phoenix location, walk to Park Central Mall, the Light Rail or even Encanto Park.
Asking Price is $247,500.
For more information about this home or any home that would qualify for this special 1% down financing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com
