20405 N Estrella Parkway, -, Maricopa, AZ 85139 (MLS# 6493642)

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20405 N Estrella Parkway, -, Maricopa, AZ 85139

$7,800,000

Property Type: Land and Lots Lot Size (sq. ft.): 586,753 Status: Active

Current Price: $7,800,000 List Date: 1/29/2024 Last Modified: 1/29/2024

Description

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 second Quarter of 2023. DRB review scheduled for 5/8/23. The city has abandoned approx. 3 acres that are becoming part of this project. This should provide some additional drainage, but no additional units. 13.47 Gross acres, 10.47 Net acres. Max density 20 units/acre, proposed density 19.17 units/acre. 78, 1 bedroom units, 99, 2 bedroom units, and 18, 3 bedroom units. 14 garage buildings with 5 spaces per building for 70 rentable garage spaces, 399 total parking spaces.

More Information MLS# 6493642

Contract Information

Current Price: $7,800,000 List Price: $7,800,000 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: 20405 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: 13.47 Apx Total Acres G/N: G Price Per Acre: 579064.59 Apx SqFt: 586753.2 Price Per SqFt: 13.29 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: 33.063782 Geo Lon: -112.057951

Status Change Info

Status Change Date: 2024-01-29

Legal Info

Lot Number: -

Pmt & Rate Info

Equity: 7800000

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: CTL; Conventional; SBA; No Carry Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb; Development Pln Aval; Other (See Rmks) Environmental: Other (See Rmks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None