6 minute read
Real Estate
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Real Estate ELUX at Norterra Now Open
WARHAMMER Now Available
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THE SHOPS AT NORTERRA
2470 W Happy Valley Rd #1182, Phoenix, AZ 85085 623-248-0075
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Photos Courtesy of ELUX at Norterra, eluxatnorterra.com
ELUX at Norterra is now open and ready to be home for new Deer Valley residents. Located at 1717 W. Happy Valley Road, ELUX at Norterra offers renters “all the luxuries and offerings of private homeownership, in the hottest North Phoenix neighborhood, without any of the hassle.”
Originally known as ELUX at Deer Valley, construction began on the 212-unit development in 2019 and is said to be “at the forefront of the new and rapidly growing asset class called single- family build-to-rent,” according to Tower Capital, a company involved in the construction financing of the project. “The asset class is uniquely positioned between multifamily and single- family to provide a lifestyle for people who desire the privacy and backyard offered by single-family living. The asset class also appeals to renters who have grown accustomed to living independently and are looking to downsize in space from larger single-family homes often requiring more maintenance and upkeep.”
ELUX at Norterra offers its renters many amenities often found in private home ownership.
“Experience the ease of leasing a single-story detached apartment home with high-end interior finishes, no shared walls or upstairs neighbors, and your very own private fenced-in yard,” according to ELUX at Norterra. “Our unique hybrid homes are ENERGY STAR certified and are built for maximum comfort and efficiency, with pre-installed smart home automation systems and eco-friendly appliances inside each floor plan. And our professional management team takes care of everything for you – from routine yard maintenance to on-demand home repairs.”
ELUX at Norterra floorplans range from one- and two-story units between 900‒1,400 square feet with one-, two- and three-bedroom options. Community amenities include a fitness center, clubhouse, walking paths and trails, play areas for kids, a co-working space, a demonstration kitchen, swimming pool and spa, an on-site dog park, and more. Units have front porches and backyards, and full-size washers and dryers. There are also private garages and doggie doors. Rent starts at a little over $1,300 a month and goes up from there depending on the floorplan.
ELUX at Norterra is a Greystar property. Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. To learn more, visit eluxatnorterra.com.
CROSSWORD ANSWER from page 25 SUDOKU ANSWER from page 9
Real Estate
Don’t Almost Sell Your Home
By Shelley Sakala
Ihave a friend in California who loves to surf. When I asked him how he knows when the perfect wave is coming, he laughed and said he doesn’t waste his time waiting for the perfect wave. He leaves that for the competitive surfers. When my friend sees a really good wave, he rides it for all it’s worth. Then he paddles out again and grabs another really good wave. He does this all day long and goes home tired and happy. He loves surfing because he spends his time riding waves instead of waiting for them. Meanwhile, the beach is filled with frustrated would-be surfers who sit on their boards, waiting for some life-changing wave to appear. values will keep rising. Look, I understand the desire to get maximum value. But this strategy forces you to chase a moving target. There’s no alert telling you when it’s the absolute best time to sell. There are, however, several indicators telling us that now is a great time to sell: • Interest rates are historically low (below 3%) • Home values are very strong • Inventory is limited • Demand is high • Houses are moving quickly
When you can check all five boxes at the same time, that’s about as clear an indication as you could hope for. Now is the time to sell.
This same scenario could describe the real Sure, you might be able to squeeze out a estate market for 85085 and 85027. Home- few more dollars for your home by waiting. owners looking to sell their homes fall into Then again, interest rates might go up, cantwo categories: those who sell their homes, celing those gains. Or perhaps demand will and those waiting to sell; waiting to see begin to cool off as the foreclosure market if interest rates will drop further or home heats up in the wake of COVID-19. Now Accepting New Residents!
85027 85027
You can’t control market conditions any more than you can control the waves. But you can work with your realtor to create a strategy for selling your home at the price and terms you want. And if a bidding war erupts and you end up with some extra money in your pocket, even better!
Here’s the bottom line: this is the strongest local seller’s market we’ve seen in more than a decade. Equity has come roaring back for Phoenix homeowners. And many homes are selling in just a few days (if not hours). As a seller, you’re in an excellent position to sell. So, what do you want to do? Do you want to sit or do you want to surf?
Shelley Sakala is a local Realtor with The Sakala Group.
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