$7,450,000
$7,450,000
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SOLD DATE : 12/31/2019
Key Details
Sold Price $7,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Newport At Tempe
MLS Listing ID 5954603
Sold Date 12/31/19
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2017
Annual Tax Amount $57,000
Tax Year 2018
Lot Dimensions 2.30
Property 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. 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.
Location
State AZ
County Maricopa
Community Newport At Tempe
Zoning R1-Pad
Interior
Heating Individual, Electric, ENERGY STAR Qualified Equipment
Cooling Central A/C, Individual, Electric, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Appliance Dishwasher, Disposal, Refrigerator, Microwave, BI OvenRange, WasherDryer
Exterior
Community Features Sport Court, Game/Rec Room, Exercise Room, Clubhouse, Spa(s), Pool
Roof Type Built-Up
Total Parking Spaces 17
Garage Yes
Building
Sewer Public Sewer
Water City Franchise, Individual Meter
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-10-113
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with CBRE, Inc
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