The epitome of downtown Phoenix urban living would be to live right on the light rail line, with a restaurant downstairs, the Library across the street, a pharmacy a few blocks away and the grocery store within bicycling distance, don’t you agree? Some fortunate soul will seize the opportunity to enjoy the just described locale by acquiring this bank-owned, 2-story loft at the Artisan Lofts on Central, that just came on the market.
If you are in the market for an urban, loft style condo in the Downtown Phoenix area and have not checked out Portland 38, you may want to take a peek. The complex, which was designed by local Architect, Michael Underhill, offers some sleek design features including sand-blasted interior block walls, polished concrete floors, Miele stainless appliances, CeasarStone counters, 2′ tile baths, designer lighting, Kohler ‘Stillness’ fixtures, and Western windows.
You may be one of those rabid Diamondbacks fans who has given thought in the past to living near Chase Field, but ruled it out because it was too expensive a proposition. Well, with baseball season now underway and given the drastic decline in real estate prices in the last 18 + months, you might want to revisit the possibilities.
Internationally renowned architect Will Bruder has created life and art at Mezzo. A place to take in the sunset from your private terrace. It`s a place to pick fresh organic herbs and vegetables from the community garden for tonight`s dinner party. It`s a place close enough to your office, the market, museum, and favorite hot spots – that makes driving optional. Wall-to-wall windows, exposed masonry, natural wood or stone flooring, a modern kitchen with high-end stainless appliances cherry cabinetry, and a dining and living area that extends to your private terrace.
If you are looking for the spacious open feel of an urban loft with the conveniences of a house with an attached garage & large yard, this is it. Appropriately named, The Gallery House, this charming and unique home, was built in 2008 with energy efficient Structural Insulated Panels (SIPS). The open floor plan is designed for today’s lifestyles placing emphasis on entertaining, indoor/outdoor living, and artistic display. Must walk through to appreciate the quality of space, amazing Kitchen and attention to finish & detail. The house has dual pane low-e windows, french doors to large patios, tankless water heater, designer plumbing fixtures & cabinetry and a gas fireplace.
Not only in Downtown Phoenix, but throughout Maricopa County, the sale of foreclosed homes increased dramatically in March. The number of residential homes sold in March of 2009, was the greatest number sold since October 2005. According to statistics compiled and reported by Fletcher Wilcox, V.P. with Grand Canyon Title Agency, there were 6,893 closings in March and 68% of those homes were “lender owned” homes. Another interesting statistic was that 38% of the homes sold for under $100,000. The inventory of available homes in the under $100,000 price range is down to about a 3 month supply. These stats are indicating that the market is in recovery at the bottom of the home sale price range, according to Fletcher’s report.
Downtown & Central Phoenix has a wide variety of housing stock, from 1920’s Bungalows to 50’s ranches to modern loft & condo complexes. This weekend, Phoenix area residents will have the opportunity to tour restored mid-century modern homes during the Founding Fathers of Modern Phoenix Home Tour, sponsored by Matthew & Alison King, the founders of modernphoenix.net. The Tour is part of a larger event called Modern Phoenix Week 2009, which includes workshops, lectures & films and runs from Friday, April 3rd thru Sunday, April 5th.
Things are heating up in the Downtown Phoenix real estate market. This is especially true when it comes to Bank Owned properties. Buyers are coming back into the market to take advantage of the good deals. Actually, so much so, that many properties are attracting “multiple offers”. If you are in a position to buy, don’t wait for the market to hit bottom, because in some segments of the market, I believe we have hit bottom.
Word on the street is that Alta Phoenix is now open and residents are moving in. If you live there, drop us a line and a few pictures – we’d love to see what the inside looks like! Update: Here’s an email we just received- The time has come, we are opening our doors for… Read more
The Encanto-Palmcroft neighborhood, with all of it’s old world charm and palm-tree lined streets, will be putting on their bi-annual Home Tour & Street Festival on Sunday, March 29th from 10 AM to 4 PM. The majority of the estate-like homes in this neighborhood were built in the 1920’s and 30’s, including Spanish Colonial homes and Tudor Revivals alhtough there are also a few classic Red Brick Ranch homes from the 50’s. Past neighbors of note in the Encanto-Palmcroft neighborhood have included US Supreme Court Justice, William Renquist, former Phoenix Suns star Alvan Adams, former Phoenix Mayor John Driggs and many more.