3 Bedroom 2 Bath Cave Creek Condo 85331

3 Bedroom 2 Bath Cave Creek Condo 85331

 

New, 3 Bedroom, 2 Bath Condominiums in Cave Creek 85331 Arizona For Sale.  Interior finishes include, granite, stainless appliance package upgraded maple cabinets, tile flooring and a custom closet.  Garage, Pool, Mountain Views, just south of Cave Creek Arizona 85331.  

36600 N CAVE CREEK RD 9 D
Cave Creek, AZ 85331
Cave Creek Condominium, 3 Bedroom 2 Bath
Price:$265,000.00
Bedrooms:3
Bathrooms:2.00
Square Foot:1,573
Lot Size:1,573 sq.ft.
County:Maricopa
Property Type:Condo, Townhome
Year Built:2013
MLS Number:5021279



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Property Description
New Construction upper 3 bedroom condominium with great views of Black Mountain and the Surrey Hills. This spec will be complete by December. New condominium community backs to mountain preserve with hiking trails and features a community sky pool with outdoor entertaining area. Interior finishes include, granite, stainless appliance package upgraded maple cabinets, tile flooring and a custom closet.For a Complete FREE MLS SEARCH OF ALL CAVE CREEK CONDOMINIUMS,  click on the picture to be taken to the most complete Cave Creek and surrounding areas Condominium Website.  FREE MLS SEARCH.

FREE MLS CONDO SEARCH

This Plogging (property blogging) is brought to you by Jeff McDowell, Associate Broker, Coldwell Banker Residential Brokerage.  Top Cave Creek Realtor with over 35 years of fulltime real estate, sales, marketing, development experience.

Features List
• 3 Bedroom• Cave Creek
• 2 Bath• Arizona
• Condo• Lock and Leave
• New• 85331
• Pool
• Mountain Views
• Custom Features
Equal Housing Opportunity.

3 Bedroom 2 Bath Cave Creek Condo 85331

Condominiums are a  convenient form of  ”lock and leave” ownership.  By buying condominiums, you own your unit but the common areas, which include the entire project with the exception of the airspace contained inside the unit are owned commonly with the other owners in the project. The beauty  of buying condominiums is that you pay a “Homeowner’s Association” to manage the grass, the interior roads, the exterior of the building, the roof….the list goes on.  Pretty much all you have to do is show up and enjoy the lifestyle. While you may have electrical or gas bills paid individually with the ownership of the unit, the remainder and in some cases the water, are shared either equally or proportionately by all owners.     Buying condominiums Scottsdale, Cave Creek, Carefree  is easy, but beware, financing can be an issue. At Coldwell Banker Residential Brokerage Scottsdale Arizona we actually have an inhouse lender that will handle the financing for buying condominiums.   Recently, we had a briefing on the latest condominium regulations relating to financing.  Here is how it goes…. Lenders will require the borrower to pay for the necessary condo information during the processing.  This can include:  a completed Condo Questionnaire, a copy of the Annual Budget and a copy of the Master Homeowner’s Insurance Policy.  The questionnaire  itself can cost anywhere from $0-$450 depending upon the management company.  Some management companies charge more than that  just for copies of the Master Home Owners Insurance and the Annual Budget.  This can be a VERY LARGE UP FRONT COST. To qualify for FHA, VA or FREDDIE MAC funding certain items can REDFLAG a loan, making it unsellable to one of those entities….and the lender wants to be able to sell the loan to a federal program as they receive a fee for the loan and do not have to utilize their own funds to “book” the loan in house.  To you, the consumer, lower rates will result from being able to sell the loan to a federal entity.


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So what will compromise a loan from being sold?  Here are the REDFLAGS.

  • High Investor concentration (over 40% non-owner occupants)
  • Homeowner’s Associations involved in ongoing litigation
  • Commercial Space within the project (20% of the project is a maximum)
  • New construction or recent conversions
  • Project Names (yes, the name can trigger review)
  • Excessive Questionnaire Fees
  • Uncooperative management company

So how do you do your homework in advance?  Or better said, your Realtor should know how to do this…..if they don’t you don’t have the right Condominium Realtor to help you in buying condominiums.


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  • Check the FHA Approved Project List
  • Check Maricopa County Assessor for the ratio of investor units
  • Ask the Seller to provide a Master Insurance Policy
  • Ask the Seller for the latest Annual Budget
  • Ask the Seller if they can provide a filled out and signed Questionnaire for free
  • Research the County Records to determine if the Homeowners Association is involved in Litigation

Or better yet, utilize the services of a Realtor with experience buying condominiums in Cave CreekCarefreeScottsdale Arizona, and yes, I have that experience….give me a call!

top north scottsdale realtor,top cave creek realtor,top carefree realtor,top rio verde realtorJeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME

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About Arizona Top Realtor

37+ Years Full time Real Estate Experience. Providing the most comprehensive information available to search the North Scottsdale, Cave Creek, Carefree, Rio Verde, Rio Verde Foothills, Arizona Real Estate Markets. Expert experience in all facets of the real estate market.