NOT LISTED FOR SALE

Estimated Value: $263,000 - $297,614

1 Bed
1 Bath
693 Sq Ft
$300/mo HOA Fee

Last Sold January 16, 2025

Last sale price $270,000 $390 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,897/month

112 Days on Market

Highlights

  • Unit is on the top floor
  • Gated Community
  • Contemporary Architecture
  • Sequoya Elementary School Rated A
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of January 2025

Resort-like living in this amazing gated Community of Milano Terrace! Perfectly located close to many shopping centers and restaurants. Cozy balcony greets you upon arrival. Check out inside to discover a combined living & dining room adorned with exposed ceiling beams on the vaulted ceilings, a fireplace place, and large windows that allow so much natural light. The kitchen comes with track lighting, built-in appliances, and plenty of cabinet space. In the large & airy bedroom, you will have plush carpet and two walk-in closets for easy organization. Let's not forget about the stacked washer and dryer! Refreshing swimming pool, spa, and clubhouse are some amenities you will be able to enjoy! Don't miss this great opportunity! Act now!

Last Listed By

Sanjog Gopal

eXp Realty License #BR574137000 Listed on: 08/31/2024

eXp Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $689

Year Built

  • Built in 1985

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 693 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Unit is on the top floor
  • Property is near a bus stop

Schools

  • Sequoya Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Balcony
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 168
  • Assessor Parcel Number 167-75-173

Community Details

Overview

  • Association fees include roof repair, insurance, ground maintenance, street maintenance, trash, roof replacement
  • Milano Terrace Association, Phone Number (602) 952-5581
  • Built by Equity
  • Milano Terrace Private Residences Condominium Subdivision

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$689

Year Built

Built in 1985

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Cross Street: N Tatum Blvd and E Shea Blvd
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 300.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Tax Year: 2023
  • Directions: Head South on N Tatum Blvd. Turn left onto E Shea Blvd. Turn left onto N 50th St. Slight right. Turn left. Home will be on the left.
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: MILANO TERRACE PRIVATE RESIDENCES CONDOMINIUM
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 300.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: No Interior Steps, Vaulted Ceiling(s), High Speed Internet, Laminate Counters
  • Living Area: 693.0
  • Stories: 2
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Spa: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls, Neighbor Below
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Spa, Community Pool Htd, Community Pool, Near Bus Stop, Biking/Walking Path, Clubhouse
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Name: Milano Terrace
  • Phone: 602-952-5581
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 600.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Milano Terrace
  • Association Fees:HOA Telephone4: 602-952-5581
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 600.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Maintenance Grounds, Street Maint, Trash, Roof Replacement

Schools

  • Elementary School: Sequoya Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 78.0
  • Parcel #: 167-75-173
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Equity

Tax Info

  • Tax Annual Amount: 689.0
  • Tax Book Number: 167.00
  • Tax Lot: 168
  • Tax Map Number: 75.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2024
Closed on
Jan 9, 2025
Sold by
Gustafson Jonathan
Bought by
Morabito Sophie
Seller's Agent
Sanjog Gopal
eXp Realty
Buyer's Agent
Glen Mills
Best Life Realty LLC
List Price
$300,000
Sold Price
$270,000
Premium/Discount to List
-$30,000
-10%
Total Days on Market
112
Views
181
Current Estimated Value
$275,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,654
Avg. Annual Appreciation
7.98%
Original Mortgage
$215,000
Outstanding Balance
$214,448
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$61,206

Purchase Details

Listed on
Jun 8, 2017
Closed on
Jul 7, 2017
Sold by
Schwing Andrea K
Bought by
Gustafson Jonathan
Seller's Agent
Steve Russell
Keller Williams Arizona Realty
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$152,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2006
Sold by
Swisher Ronald D and Swisher Patti
Bought by
Schwing Andrea K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2006
Sold by
Ec Milano Terrace Llc
Bought by
Swisher Ronald and Swisher Patti

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morabito Sophie $270,000 Equity Title Agency
Gustafson Jonathan $160,000 Grand Canyon Title Agency
Schwing Andrea K $164,000 The Talon Group Kierland
Swisher Ronald $163,900 The Talon Group Kierland
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morabito Sophie $215,000
Previous Owner Gustafson Jonathan P $192,340
Previous Owner Gustafson Jonathan $152,000
Previous Owner Schwing Andrea K $137,000
Previous Owner Schwing Andrea K $131,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 Sold $270,000 -5.2% $390 / Sq Ft
12/21/2024 12/21/24 Pending -- -- --
12/06/2024 12/06/24 Price Changed $284,900 0.0% $411 / Sq Ft
11/01/2024 11/01/24 Price Changed $285,000 -4.2% $411 / Sq Ft
10/18/2024 10/18/24 Price Changed $297,500 -0.2% $429 / Sq Ft
09/26/2024 09/26/24 Price Changed $298,000 -0.3% $430 / Sq Ft
09/14/2024 09/14/24 Price Changed $299,000 -0.3% $431 / Sq Ft
08/31/2024 08/31/24 For Sale $300,000 +87.5% $433 / Sq Ft
07/24/2017 07/24/17 Sold $160,000 0.0% $231 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $160,000 0.0% $231 / Sq Ft
10/01/2014 10/01/14 Rented $950 -11.6% --
09/03/2014 09/03/14 Under Contract -- -- --
07/26/2014 07/26/14 For Rent $1,075 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $710 $10,442 -- --
2024 $689 $9,944 -- --
2023 $689 $20,120 $4,020 $16,100
2022 $663 $15,630 $3,120 $12,510
2021 $697 $14,470 $2,890 $11,580
2020 $686 $13,500 $2,700 $10,800
2019 $663 $11,920 $2,380 $9,540
2018 $642 $5,550 $1,110 $4,440
2017 $398 $5,550 $1,110 $4,440
2016 $404 $5,550 $1,110 $4,440
2015 $384 $5,550 $1,110 $4,440
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6751149

Arizona Regional Multiple Listing Service (ARMLS)

APN: 167-75-173