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$725,000
4801 N 72ND Way
Scottsdale, AZ 85251
MLS# 5820016
Status: Closed
3 beds  |  2.5 baths


4801 N 72ND Way, Scottsdale, AZ 85251
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Property Description
Historic mid-mod original with options galore. As is, this AirBNB Superhost nets $65k+ annually. Activate additional vacation rental platforms + social media to increase bottom line. Renovate property properly & let global design editorial catch the eye of your next buyer. Make the 1962-built, poolside model unit your own and let art in architecture uniquely come together as a place to call home. 1 of 10 Malouf Enterprises Townhomes, features lot length private yard. (Front 32 homes built later by Dell Trailor.) Royale Gardens 1 offers architectural significance, a rich, well documented past plus lux amenities; private clubhouse, unique oval pool, and private drive. Steps from Fashion Square, Postino, Scottsdale Waterfront & more!

Details
Contract Information
Status Change Date: 2019-06-07
List Price: $725,000
Status: Closed
Current Price: $650,000
List Date: 2018-09-13
Type: ER
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: N37
House Number: 4801
Compass: N
Street Name: 72ND
St Suffix: Way
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 1302
Country: USA
County Code: Maricopa
Assessor's Map #: 32
Assessor's Parcel #: 100
Assessor Number: 173-32-100
Subdivision: ROYALE GARDENS SCOTTSDALE
Tax Municipality: Scottsdale
Taxes: 2408
Tax Year: 2017
General Property Description
Dwelling Type: Townhouse
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 3
# Bathrooms: 2.5
Approx SQFT: 2205
Price/SqFt: 294.78
Horses: N
Builder Name: Malouf
Year Built: 1963
Approx Lot SqFt: 1520
Pool: Community Only
Planned Comm Name: Royale Gardens
Marketing Name: Royale Gardens
Elementary School: Kiva Elementary School
Jr. High School: Mohave Middle School
High School: Saguaro Elementary School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: Camelback and Scottsdale Roads
Directions: North on Scottsdale Road to Rancho Vista Drive. East to 72nd Way, South. Unit is the VERY end unit in the most exclusive and beautiful location in Royale Gardens
Geo Lat: 33.506072
Geo Lon: -111.924105
Status Change Info
Off Market Date: 2019-04-22
Under Contract Date: 2019-03-28
Close of Escrow Date: 2019-06-06
Sold Price: 650000
Legal Info
Lot Number: A7
Pmt & Rate Info
Total Encumbrance: 239000
Association & Fees
HOA Y/N: Y
HOA Transfer Fee: 350
HOA Fee: 285
HOA Paid Frequency: Monthly
HOA Name: Royale Gardens 1 HOA
HOA Telephone: (480) 657-9142
HOA Management Company: Southwest Comm Mgmt
HOA Management Phone: (480) 657-9142
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee $/%: %
Cap Improvement/Impact Fee 2 $/%: %
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 285
Architect
Architect: Malouf
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Parking Spaces
Garage Spaces: 2
Total Covered Spaces: 2
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Add'l Property Use: Other (See Remarks)
Architecture: Contemporary; Other (See Remarks)
Building Style: 2-3-4 Plex
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Sinks; Other (See Remarks)
Master Bedroom: Split; Upstairs
Additional Bedroom: 2 Master Bedrooms; Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace: 1 Fireplace; Fireplace Living Rm; Gas Fireplace; Other (See Remarks)
Flooring: Tile; Wood
Pool Features: No Pool
Spa: None
Community Features: Community Pool; Community Pool Htd
Dining Area: Formal; Eat-in Kitchen
Kitchen Features: Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry
Laundry: Washer Included; Dryer Included; Inside; Other; See Remarks
Features: Other; See Remarks
Exterior Features: Balcony; Covered Patio(s); Patio; Private Street(s); Pvt Yrd(s)/Crtyrd(s); Storage; Other
Parking Features: Electric Door Opener; Rear Vehicle Entry
Construction: Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Concrete; Foam
Cooling: Refrigeration
Heating: Natural Gas
Utilities: SRP; SW Gas
Water: City Water
Sewer: Sewer - Public; Sewer in & Cnctd
Services: City Services
Fencing: Block
Property Description: Cul-De-Sac Lot; Corner Lot; Alley
Landscaping: Yrd Wtring Sys Front; Yrd Wtring Sys Back
Possession: By Agreement
Unit Style: Two Levels; One Common Wall; End Unit; Poolside
Association Fee Incl: Blanket Ins Policy; Water; Sewer; Garbage Collection; Common Area Maint; Street Maint; Other (See Remarks)
Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Self Managed; Other (See Remarks)
Existing 1st Loan: Conventional
Existing 1st Ln Trms: Non Assumable
New Financing: Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
If there are any old secrets left in 85251—the high-profile, ever-evolving downtown Scottsdale ZIP code—one of the sweetest is Royale Gardens. About a decade after the city's 1951 incorporation, developer Malouf Enterprises dug into a plot of land northeast of Camelback and Scottsdale roads to test an emerging "condominium" concept. The niche neighborhood that resulted is still quietly standing and stunning today, shielded from traffic, noise and prying eyes while remaining steps from a seriously significant intersection. One of Royale Gardens' original units, 4801 N. 72nd Way, stands tall and deceptively lean adjacent to a landscaped central drive and a poolhouse with a scalloped flying roof. Behind the front door of the listed property sit a surprisingly broad living room, powder room and loungey, red-lacquered kitchen/bar. Sliding glass doors lead to a patio that could, conceivably, take on a single-lane lap pool without sacrificing party capacity. An open-slat staircase leads to three bedrooms, two full baths, playful interactivity, and an array of recessed storage solutions. Alternately owner-occupied and Airbnb-beloved, the slim unit provides intimacy where most coveted, as in the ambient-but-discreet window between master bed and bath, and generous hospitality for a dozen or more guests. Royale Gardens lies north of the cruise-ship-shaped Mercedes-Benz Scottsdale dealership and east of wine/bruschetta bistro Postino. Walkable curiosities include Optima Camelview Village (architectural greenscaping), Scottsdale Fashion Square (upscale shopping and dining) and Soleri Bridge & Plaza (monumental windbells and solstice-celebrating pylons). Condominiums aren't the curiosity they were in the 1960s, but an original model that rivals contemporary builds in substance and style is something to behold. 4801 N. 72nd Way at Royale Gardens is proudly represented for sale by Ben Brosseau, a Scottsdale-based REALTOR® drawn to residential architecture with interesting backstories

Listing Office: HomeSmart

Last Updated: August - 04 - 2022

4801 N 72ND Way, Scottsdale, AZ 85251 - MLS# 5820016

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