New Sotelo Condos Tempe AZ

Sotelo Condos Tempe AZ.

Urban Living. Desert Design. Sotelo is the ideal property for your active urban Tempe buyer. It’s just a mile from ASU, across the lake from the Mill Avenue district, and directly adjacent to Papago Park, one of the Valley’s prime outdoor recreation areas. Stylish, contemporary, and affordable, Sotelo offers urban living in a desert retreat, starting at $285,000. Architectural Design

Sotelo was designed by Todd & Associates, a Phoenix-based architecture firm with a history of designing award-winning residential projects throughout the Southwest. The project will feature 170 urban flats designed in seven different floor plans.

The flats range from 794 to 1,953 square feet, with 134 two-bedroom units and 36 one-bedroom units. The building will be designed with a modern architectural aesthetic that emphasizes the connection to the outdoors, open and flexible living spaces, access to natural light, and community gathering spaces. The building design gives many units a direct view of Papago Park.
Amenities

Sotelo features a detached, state-of-the-art clubhouse geared for large gatherings, celebrations and parties. Designed by Inter Plan Design Group, a Scottsdale-based interior design firm, the clubhouse is equipped with a flat-screen television wall, full kitchen, outdoor fireplace, and WiFi access. Residents will have access to a resort-inspired pool and spa and a fitness center.

Features

Individual units will have modern kitchens with granite countertops and wood cabinetry. Other features include nine-foot ceiling heights, walk-in closets in master bedrooms, gas fireplaces, balconies or patios, and underground parking with elevator access. Residents will have accessto a resort-inspired pool and spa and a fitness center.

Your beautiful backyard, also known as Papago Park, has over 1,200 acres of pristine desert-scape to explore. With baseball and softball fields, the Desert Botanical Garden, world-class golf, and the fabulous Phoenix Zoo, you'd never know there was a thriving downtown district just a few minutes away.

Satisfy the urbanite inside:

Your playground for dining, nightlife, arts and entertainment is just over a mile away. Downtown Tempe offers the lively Mill Avenue District with an eclectic assortment of bars, live music, theater, galleries and more, plus ASU athletic events are just a jump shot away for Sun Devil fans.

Bordering the expansive desert landscape and clear blue sky, Sotelo's urban-inspired architecture creates bold, clean lines that draw the eye. Inside, modern living spaces offer functional open floor plans bathed in the desert's natural light.

9" Ceiling, gas fireplace, and private patio or balcony
Ceramic tile entry, kitchen, and bath
Upgraded Carpeting in living, dining and bedrooms
Granite kitchen countertops
Full appliance package including full size washer and dryer
Wood cabinets in the kitchen and baths
Bathroom feature granite countertops and tub/shower surrounds
Spacious walk in closets in master bedrooms
Pre-wired for optional security system
Reserved underground parking with elevator access

While you're taking a rest from communing with nature, Sotelo invites you to commune with your friends and neighbors. Enjoy a refreshing dip in the beautifully landscaped pool, gather around the communal fire pit under a canopy of desert stars, or entertain guests at Sotelo's gorgeous Clubhouse, complete with full kitchen, and flat-screen TV wall.

Heated pool with spa and ramada
State-of-the-art fitness center
Wi-Fi access throughout Clubhouse
Gated community with limited access

If you are looking to purchase at Sotelo luxury condos, don’t wait as they we sell very quickly. Ready to find a home at a great price in the Phoenix Metro Area. Speak To A Professional RE/MAX Phoenix Realtor NOW....Call : 623-979-8888. We can show you foreclosures, Short Sales, REO, as well as any and all homes for sale in the Maricopa area. Search the complete Phoenix AZ MLS for free at http://www.buyphoenixazhomes.com/

The funds are back for the Maricopa Bond program. Rate is 5.99% with a 5% down payment.. There is 2.8 million dollars in funds and they will go FAST!!!!!! This is a great time to buy!!

Julie Piccione with Wells Fargo Home Mortgage

Home in Five Mortgage Assistance for First-Time Homebuyers
Dream Homes With Affordable Payments

The Industrial Development Authorities of the City of Phoenix and Maricopa County, AZ have joined together to offer to help first-time homebuyers obtain FHA, VA or other eligible loan or conventional financing to purchase a home anywhere in Maricopa County. Individuals or families who qualify would be able to obtain 30-year fixed loan at a competitive rate, along with five-percent assistance for down payment and closing costs.

Financing for these fully assumable loans is available on new or existing homes, condominiums, townhouses or manufactured homes on a first-come, first-served basis.

Qualified Veterans are exempt from the first-time homebuyer requirement. Please contact a participating lender or the City of Phoenix IDA for additional information.

How To Qualify

Your annual income must fall within the income limits for eligible borrowers. Our definition of a first-time homebuyer is someone who has not owned a home for at least the last three years. All homebuyers must meet credit requirements.

If you purchase in a designated "Targeted Areas", you do not have to be a first-time homebuyer.
Remember, for first-time homebuyers, the home can be anywhere in Maricopa County.

Income Limits for Eligible Borrowers
Family of Non-targeted Area Targeted Area
Two or fewer $64,524 $74,203
Three or more $74,203 $77,542

Homes must be located within Maricopa County, Arizona.

The following home purchase price limitations apply for eligible residences:
Purchase Price Limits
Non-target Area Target Area
Maximum $311,625 $380,875
Sales Price

Down Payment Assistance

All qualified homebuyers will receive 5% of the original loan amount to be used for down payment and closing costs assistance.

Amount Down Payment/Asssistance Amount
$75,000 $3,750
$90,000 $4,500
$125,000 $6,250
$165,000 $8,250

If you are a first time home buyer or interested in outstanding real estate services, please call RE/MAX Desert Showcase today! 623-979-8888

Canadians snap up Arizona homes

Canadians snap up Arizona homes

CHANDLER, Ariz. (AP) - Two hours after his flight landed in Phoenix, Calgary resident Doug Farley already was cruising the city's vast stuccoed suburbs in search of the one attraction Canadians can't seem to get enough of these days, cheap homes.

There are thousands of them here: almost new, unoccupied and dropping in value. The mortgage meltdown, combined with a surging Canadian currency, has Farley - and many of his countrymen - dreaming of winter golf on grass that's always green.

"My dollar's the same as your dollar, finally," Farley said, grinning as he peered through a pool fence at a sparsely populated condominium complex in Chandler, a Phoenix suburb.

For moderate-income Canadians like Farley, the race is on to take advantage of the "loonie," which in September reached parity with the U.S. dollar for the first time since 1976. Many are combing the Internet for anxious American home sellers and looking with an investor's eye at the condos they rented while on vacation in sunbelt states.

"Now it's more than just the snowbird coming down and staying in a condo. It's people looking for business opportunity," said Frank Nero, president of the Beacon Council, Miami-Dade County's economic development arm in south Florida.

Canadian condo-builder Solterra Group of Companies also is riding the surge in the Canadian economy as it plans to snatch large chunks of land in Las Vegas. Michael Bosa, the company's vice president for development and acquisition, said the loonie has bolstered his company's bids.

Now's the time to buy, he said. Alberta, a three-and-a-half-hour flight from Phoenix, is experiencing a modern-day gold rush from booming work in its vast oil sands.

"Fifteen of my friends are on buying trips down here, and we're all cheap," Sirockman said. He brought his family to Scottsdale this month while he submitted a lowball all-cash offer for a three-bedroom home.

"I don't want to take advantage of a guy who's having trouble in the market and is losing his shorts," Sirockman said. "But I have no problem with a guy from California who bought on spec and has five houses in Arizona and never lived in them."

Single family homes and condos in the Phoenix metro area now sit an average of 99 days before getting sold. That's three times the wait for homes and four times the wait for condos compared with two years ago, according to the Arizona Regional Multiple Listing Service.

The market has shifted totally in the buyer's favor, especially those offering cash, said Jeff Russell of Alberta. Last month, Russell snapped up a patio home next to a golf course in Scottsdale with a $299,000 check. It was listed at $463,000.

"I was actually going to come down here and buy a seven-series BMW because cars are ridiculously cheap here," he said. "But I discovered that, forget cars, houses are on deep discount. I could never get anything on a golf course as nice in Canada for this type of money."

Real estate agents in Phoenix, especially those with Canadian ties, are hustling to reach potential buyers up north while the American housing market and the U.S. dollar continue to slump.

"When I take them to a brand new subdivision, and for $210,000 can get them four bedrooms, 2,000 square feet, all appliances, brand new, that's something they haven't been able to buy in Canada for 10 or 15 years. In my opinion, everyone should be buying now."

"When (the Canadian dollar) hit a dollar ten, it really created a real buzz for Canadians, not only those looking to buy second homes but we're also seeing it from buying purely from an investment standpoint," Dziedzic said.

As he searched for his new winter home, Farley kept an eye out for condos near a pool. When it got cold in Calgary, that's where his family would be.

"I just want the ability to go outside, you know, the ability to go for a walk," Farley said. He left for Calgary with a few strong choices, but he didn't bid on anything.

Sirockman also returned to Canada without a house after the owner of the Scottsdale home turned down his offer. No worries. Sirockman told the seller there were a thousand other homes like his on the market, and someone was going to deal.

As he was about to get on the flight back to Edmonton, Sirockman called his friends, and they told him it's 28 below zero back home.

"That's what I'm flying into," he said with a sigh. "I brought a big down-filled jacket with me. I'm looking like an idiot getting onto the plane."
The Associated Press Dec. 14, 2007 12:00 PM

This is an excellent time to purchase a second home or investment property in the Phoenix, Glendale, Peoria area in Arizona! Just call 623-979-8888 and ask to speak to an outstanding agent today!

Superstition Mountain AZ: Family dog is the master of this custom guesthouse

Superstition Mountain AZ: Family dog is the master of this custom guesthouse in Superstition Mountain Golf and Country Club in the Gold Canyon area

It wouldn't be bad if "being in the doghouse" meant staying at Jude and Bud Thurston's. Their doghouse is a 2,300-square-foot retreat. Designed as the home-away-from-home for their 2-year-old Doberman pinscher Ice and a dog-sitter while the couple are out of town, it serves as the guesthouse the rest of the year.

Tour This Dog House

The guest quarters are in a separate building on their property at Superstition Mountain Golf and Country Club in the Gold Canyon area. The Thurstons worked with designer Beth McGehee of Studio B, Scottsdale, to ensure that the interior of the guesthouse, which was built by Montara Homes in Superstition Mountain, matched that of the 5,288-square-foot main house.

The guesthouse started out small.

"We were just going to do a little studio," Jude Thurston said. But her husband suggested making the structure large enough to accommodate a pool table. Soon a bedroom, ideal for visiting children and grandchildren, was added. "It just grew."

The guesthouse has three patios, as well as a playground for Ice. The Thurstons bought the adjoining lot and constructed a large dog run that is bordered by a decorative block fence. Featuring grass and sandy areas, the area contains a ramada where the humans can relax while Ice plays. Sometimes Doc, a Labrador retriever, and other friends join him.

The dog run is a short distance from the guesthouse, which is essentially one big room, with a bedroom, kitchen, bathroom and powder room on the side. The great room, which measures roughly 26 by 44 feet, features an impressive 20-foot-high beamed and planked ceiling and cement-tile floors that are stained brown. The walls, done in a rich gold, were painted to look like Venetian plaster. As such, Jude Thurston said, they are more dog-friendly than if they had been finished in the labor-intensive faux painting process.

The great room is divided into two parts. One half serves as the living area, with a comfy couch and leather club chairs facing the cantera-stone fireplace. Built-in bookcases, a large-screen television and a one-of-a-kind sofa table, built from parts of an old oxen yoke, complete the setting.

The other half of the room houses the pool table. The couple's grandchildren enjoy challenging Bud Thurston, and there's ample elbow room for everyone to play, so much so that a table-tennis table can be squeezed into the space if the living area's chairs are moved a few feet.

The adjoining kitchen, although small, has a cook in mind with its six-burner, professional-style GE Monogram stove, bottom-freezer refrigerator, cream-colored cabinets and built-in wine holder. There's a breakfast nook at the side; its built-in cushioned bench seating provides lots of room. On the breakfast bar, a decorative red and green glazed lamp, which matches the gold, green and red tiled backsplash, lends a homey look.

The bedroom, which has picture-window views of the Superstition Mountains, features a bed covered in a red and gold duvet and matching pillows. There's a comfy leather love seat at the foot of the bed. Ice has a bed at the side.

Jude Thurston said that she furnished the guesthouse primarily with pieces the couple already owned. Some pieces were rescued from storage; others are furnishings that their children gave back after borrowing them for a while. Still others are "finds" from Valley stores, Internet sites and shops visited while on trips to other cities.

One "find" was a wood computer table that Thurston converted into a powder-room vanity. She decorated the front with a gathered curtain to hide the plumbing and topped it with a glass vessel sink.

Another "find" was a pair of gold-colored glass lamps that sport black lampshades. They fit perfectly into the Old World look of the bedroom.

"I'm frugal," said Thurston, who enjoys a good deal when she finds one. "The lamps are Martha Stewart (Everyday) from Kmart."
Source AZ Republic

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Worried about declining home values in the Phoenix AZ?

Worried about declining home values in the Valley - Phoenix AZ?

Home value: Up or down? Depends on Phoenix ZIP code

If you live in central Phoenix, north Scottsdale and patches of the East or West Valley, you don't need to fret. Average home prices in those areas are still climbing - and climbing rapidly, in some cases.

In other pockets around metropolitan Phoenix, the average price of an existing home dropped 6, 7, even 12 percent from the fourth quarter of 2005 to the first quarter of this year.

An analysis of sales by ZIP code shows most areas saw average home values climb, if only by a little bit, during the first part of this year. About a third of all metropolitan Phoenix neighborhoods experienced drops in price, according to figures from the Arizona Regional Multiple Listing Service.

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The Valley's overall median home price has remained flat this year at about $265,000. Resales, meanwhile, are down 34 percent for the year.

"The Valley's housing market is going to be dicey for a while, and it's best to track it by neighborhood," said Terry Turk, president of Sun American Mortgage of Mesa. "I don't think we are at the bottom of the market, but it shouldn't be a dramatic drop from here."

The ZIP code data show that some of the price fluctuations are random, but they also show some trends: Many neighborhoods close to downtown Phoenix saw price increases, and many on the farthest edges of the Valley showed little improvement or posted decreases.

Part of Glendale in the West Valley saw a 7 percent dip. The average price of a home on the southeastern edge of Mesa dropped 12 percent. Some parts of the Valley are still seeing big increases in value. Republican Sen. John McCain's north central Phoenix neighborhood saw home prices jump 21 percent during the first part of the year. The average home prices in the established West Valley community of Litchfield Park climbed 11 percent. The north Scottsdale area that is home to McDowell Mountain Ranch saw prices rise 14 percent.

Declines should be pretty painless to most homeowners, unless they bought last year during the peak, have tapped all the equity in their homes or are trying to sell. Home prices in most of those neighborhoods shot up more than 100 percent in the past five years.

The data from ARMLS show that homes in neighborhoods closer to downtown Phoenix sold more quickly during the first quarter than those in outlying regions, even if prices in some of the areas were down.

Homeowners, buyers and housing analysts are all watching carefully to see what happens to Valley housing prices this summer, the traditional home-buying season.

"It's possible that home prices will drop 5 to 10 percent overall," said Jay Butler, director of the Arizona Real Estate Center at Arizona State University Polytechnic.

Source:Catherine ReagorThe Arizona Republic

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About Re/Max Desert Showcase - Phoenix Metro Area Realtors

About Re/Max Desert Showcase - Phoenix Metro Area Realtors

Hello and thank you for visiting! It is our goal as your full service real estate company specializing in the Phoenix Homes. Search Free Phoenix MLS Homes for sale in: Phoenix, Scottsdale, Paradise Valley, Cave Creek, Carefree, Sun City, Peoria, Glendale, Surprise, Buckeye, Avondale, Tempe, Chandler, and Mesa, Arizona areas, to provide you with superior service at all times. Our local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources we offer:

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