Search

1106 E WEBER Drive, 1033, Tempe, AZ 85288

$7,450,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $7,450,000 Last Modified: 7/06/2022

Description

Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal California. Upon arriving at The Newport, one will notice the clean-lined architectural design, replete with great articulation, varied materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changin'. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency.

Supplements: The Newport features a portfolio of 17-single family detached fee-simple homes in an exclusive 38-home community located in a dynamic Tempe Town Lakes location that was built between 2015 and 2018. 16 of the 17 homes in the offering are fully furnished with designer finishes and include all living necessities for Airbnb and are on a master-lease at $3,050 per month thru 2022. The community consists of two and three-story residences that average over 1,700 square feet and include separate dens that could potentially be converted into a bedroom. Interior features include 9-foot ceilings, eat-in kitchens with Energy Star rated Kenmore stainless-steel appliances, spacious pantries, granite or quartz countertops with undermounted sinks and premium Kohler plumbing fixtures, custom cabinets, in-suite full-size washer/dryers. Units are also Cat5 Ethernet wired and include top-of-the-line lighting fixtures. Every residence has a private yard and large patio terrace. The community also features a sparkling resort-style pool and spa. Residents of The Newport can also enjoy the amenities at the North Tempe Multi-Generational Center, located directly across the street, for $25 for the year or a $1 per day. The ±30,000 square foot facility includes a fitness center, a business center/library, a gym with multiple basketball courts, community classrooms, preschool classrooms, a youth center, a teen center and a senior center.

More Information MLS# 5954603

Contract Info

Current Price: $7,450,000 Sold Price: $7,450,000 Status: Closed List Date: 2019-07-18 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: Q37 House Number: 1106 Compass: E Street Name: WEBER St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85288 Zip4: 0919 Country: USA County Code: Maricopa Subdivision: NEWPORT AT TEMPE Assessor Number: 132-10-113 Tax Year: 2018

General Property Description

Lot Size Dimensions: 2.30 Year Built: 2017 Total # of Units: 17 # of Buildings: 17 Zoning: R1-Pad Elementary School District: Scottsdale Unified District High School District: Tempe Union High School District

Remarks Misc

Geo Lat: 33.445722 Geo Lon: -111.921906

Status Change Info

Status Change Date: 2020-01-01 Off Market Date: 2019-09-23 Under Contract Date: 2019-09-20 Close of Escrow Date: 2019-12-31 Sold Price: $7,450,000

Legal Info

Township: 1N Range: 4E Section: 11 Lot Number: 2

Income Expenses

Gross Annual Sch Inc: 616800 Net Operating Income: 478256

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 3050 Avg SqFt: 1702 # Baths: 4

3 Bedrooms Units

# 3 Bedroom Units: 16 Avg Rent: 3050 Avg SqFt: 1737 # Baths: 4

Contact Info

List Agent Home Phn: 602-735-5634

Sold Info

Loan Type: Cash Payment Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession $/%: %

Property Features

Project Type: 13 - 24 Units Construction: Frame - Wood Const - Finish: Painted; Stucco; Siding Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Amenities: Pool; Spa(s); Clubhouse; Exercise Room; Game/Rec Room; Sport Court Exterior Amenities: Landscape Wtr System; Patio/Balcony Interior Amenities: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; ENERGY STAR Qualified Equipment Cooling: Ceiling Fan(s); Electric; Individual; Central A/C; ENERGY STAR Qualified Equipment Water: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: City Gas Parking: Garage; >1 Space Per Unit; Attached Owner Pays: Gas; Landscaping; Pool/Spa Maintenance Tenant Pays: Water; Sewer; Electric; Trash; Cable TV Source of Fincl Data: Provided by Owner Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
Listing Office: CBRE, Inc
Last Updated: July - 06 - 2022
1106 E WEBER Drive, 1033, Tempe, AZ 85288- MLS# 5954603
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.