203** N Estrella Parkway, -, Maricopa, AZ 85139

$8,500,000

Property Type: Land and Lots Lot Size (sq. ft.): 443,773 Status: Active

Current Price: $8,500,000 List Date: 11/29/2022 Last Modified: 2/28/2023

Description

Nearly completed rezoning and fully approved construction drawings for a 195 unit garden style apartment complex development with 70+ garages, a pool, pet amenities, and a clubhouse. Expected full approval in the first Quarter of 2023. Additionally the city is abandoning some land at the SEC of the property that will become part of this development, those details are still settling out. This should eliminate some underground retention but is not expected to add units at this time.

More Information MLS# 6493642

Contract Information

Current Price: $8,500,000 List Price: $8,500,000 Status: Active List Date: 2022-11-28 For Sale or Lease?: Sale Type: ER Subagents: N Buyer/Broker: Y Buyer Broker $/%: % Comp to Buyer Broker: 2.5 Variable Commission: N

Location, Tax & Legal

Map Code/Grid: W35 House Number: 203** Compass: N Street Name: Estrella St Suffix: Parkway Lot #: - City/Town Code: Maricopa State/Province: AZ Zip Code: 85139 Country: USA County Code: Pinal Assessor's Map #: 17 Assessor's Parcel #: 22 Assessor Parcel Ltr: o Add'l Parcels: No Assessor Number: 510-17-022-o Subdivision: AMENDED FINAL PLAT OF ESTRELLA GIN BUSINESS PARK 2019073078 Tax Municipality: Maricopa - CITY Taxes: 24119.67 Tax Year: 2022 Marketing Name: Villas at the Gin

General Property Description

Apx Total Acres: 10.19 Apx Total Acres G/N: G Price Per Acre: 834151.13 Apx SqFt: 443773 Price Per SqFt: 19.15 Apx SqFt G/N: G Lot Size Dimensions: IRR Zoning: Apartments

Remarks & Misc

Cross Street: SEC W. Edison Rd. & N. Estrella Parkway Directions: From Edison and John Wayne Parkway, head West to the intersection of SEC W. Edison Rd. & N. Estrella Parkway Geo Lat: 33.063978 Geo Lon: -112.058008

Status Change Info

Status Change Date: 2022-11-29

Legal Info

Lot Number: -

Pmt & Rate Info

Equity: 8500000

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N HOA 2 Y/N: N

Contact Info

List Agent Home Phn: 480-703-3316

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Other (See Rmks) Zoned Presently: Multi-Family; Bsns/Ind/Rsrch Prk; Other (See Rmks) Potential Use: Multi-Family Parcel Size: 10.00 - 19.99 Acres Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Off Site Imp Needed; On Site Imp Needed; Other; See Remarks Land Features: Gated Community; See Remarks Water: Private Franchise; See Remarks Sewer: Sewer - Public; Other (See Remarks) Electric: Other (See Rmks) Gas: SW Gas; Other (See Rmks) Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear New Financing: Cash; CTL; Conventional; SBA; No Carry Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb; Development Pln Aval; Other (See Rmks) Environmental: Other (See Rmks)