Adjacent to the Ahwatukee foothills you’ll find the city of Phoenix’s largest residential lake that features over 170 waterfront properties. These lakefront lots that welcome boaters are situated on 38 acres of water on two residential lakes. With the recent extension of the loop 202 South Mountain freeway, access to the east valley, Sky Harbor airport and central Phoenix is that much easier.
If you’re looking for a community where over 70% of the homes are waterfront, Arrowhead Lakes in Glendale is a perfect match. It is also located close to the 101 freeway, offering good access to the west valley and Phoenix. A quick drive through the neighborhood will show just how many residents enjoy boating on this 130 acre man made residential lake.
An important element of a real estate purchase is the due diligence during the inspection regarding the property. You’ve seen the professional pictures on line and visited the meticulously maintained house with the scent of freshly baked cookies. What’s not to love Now it’s time to really find out what’s really happening. The due diligence during the inspection period is a critical time to evaluate the property and surrounding area of most likely the largest purchase you’ll ever make.
As a waterfront buyer develops their list of criteria and questions, one question seldom makes it on the list, What is the source of the water for this lake community? It would not matter if all man made residential lake communities had the same source or type of water, but they don’t. There are 3 sources of water from which the Phoenix area lake communities receive their water. If this is of interest to you, keep on reading and watch the video.
What does the close of escrow mean?
A term that is mentioned over 35 times in the AAR Purchase Contract is the phrase close of escrow. Many buyers from the east coast mistakenly believe that when they sign the final documents at the title/escrow company, the transaction has closed. Not so in Arizona. Continue reading to find out all the activities surrounding the close of escrow.
AAR Residential Real Estate Contract Contingencies
When the contract has been signed by both the buyer and seller, it’s a done and the buyer must cannot back out, correct? Not so fast! There are events in the contract that must be fulfilled and also give the buyer the opportunity to cancel the contract and receive a refund of their earnest money. The to find out more about these “contingencies”, continue reading.
East Valley Water Ski Lake Communities
Gilbert is home to three water ski communities; SanTan Lakeside Estates, Crystal Point and Playa Del Rey Estates. Nestled at the foot of the San Tan mountains is SanTan Lakeside Estates, home to the most expensive luxury water ski homes in Phoenix.
Owner Occupied Residences Pay Less in Maricopa Property Taxes
Many Maricopa county residents don’t realize that they will receive a tax break when their property is owner occupied. The other classifications are residential rental and non-primary. When you receive your Notice of Value and notice the property classification is wrong, what’s the next step? The erroneous classification could be costing you up to $600/year.
Gilbert is home to many popular lake communities which includes The Islands, over 1 square mile, and 80 acres of water among 3 separate lakes. With over 400 waterfront homes built ranging from townhouses to custom homes, you have a variety of waterfront property choices. And if boating is important, The Islands should be at the top of your list. To give you a quick peek at The Islands lake community, check out the video below:
We’re almost at the end of 2018, so it would be appropriate to look back and see how the 2018 real estate market performed. If graphs and numbers are not your thing, this might be a little boring, but how else do you track prices and trends?
Review of 2018 and where we may go in 2019:
I look forward to your comments and questions. We’ll look back in a year and see how 2019 unfolded!