THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED BY THE BROKER. ALL DIMENSIONS, SIZES AND FIGURES ARE APPROXIMATE. THE PROPERTY IS SUBJECT TO PRIOR SALE, PRICE CHANGE OR WITHDRAWAL.
8141 E Indian Bend Rd, Suite 103Scottsdale AZ 85250Tel: (480) 443-8570Fax: (480) 443-3736www.westland-properties.com
EXCLUSIVE LISTINGTRISTANOS
27th AVE & DOBBINS RD | PHOENIX, ARIZONA
LOCATION Site is located at the Northeast corner of 27th Ave & Dobbins Rd, Phoenix,Arizona
NUMBER OF ACRES 19.7063 Gross
NUMBER OF LOTS 40 Partially Developed Lots | 80’ x 130’
SETBACKS 13’ Combined Side Yard / 25’ Front / 20’ Rear
APPROVED ZONING R1-18 / City of Phoenix
PURCHASE PRICE Contact Brokers for Current Pricing
SUGGESTED TERMS Cash. 60-day Feasibility Period with a close of escrow 30-days thereafter.
UTILITIES WaterSewerElectric
City of PhoenixCity of PhoenixSalt River Project
CONTACT Grant D. Helgeson, Don McCaulWestland Properties Group
COMMENTS This is an excellent infill location with large lots and fabulous mountainviews, with good proximity to South Mountain Community College, parks,golf courses and future 202 Freeway expansion. 2016 Annual Taxesestimated at $185/Lot.
27th
Ave
W Dobbins Rd W Dobbins Rd
S 27
th A
ve
S 24
th D
r
Imagery ©2017 , DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency
TRISTANOS40 PARTIALLY DEVELOPED LOTS | 80' x 130'27th AVE & DOBBINS RDPHOENIX, ARIZONA
8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com
WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149
Don McCaul, Broker - Direct: (480) 675-5144
27th
Ave
W Dobbins Rd
W Baseline Rd
W Southern Ave
S C
entr
al A
ve
S 7t
h A
ve
S 19
th A
ve
S 35
th A
ve
PhoenixLaSalvia
Laveen Village
RVG
Nakase
Augustine
PUHSD
Santolina
MCFC
Silva Mountain
Southern Views
Hom
Newcastle
Liberty
Mundall
Black
Ward
Nakase
Barcelona
Yacoub
GPIP
Beals
Dobbins Manor
Hall
Guerrero
Triana
Silverstone Estates
Perez
Veneto
Messeto
Tristanos
BSS
Silva
Knapple
Hom
Silva Mountain II
Silva Mountain III
Dobbins Place
SPR
Commons
PAH
Bergland
AZ Lutheran
Sundesh
Roosevelt SD
AZ WF
Roosevelt SD
Park Meadows
Larkey
Flores
Gaona
Madison Ranch
Silva
Laveen Landing
Masjid
En Familia
7DA
Ruiz
S27
SPR
GreenKWC
Herdez
Anderson Haronid
Haro
Hernandez
Laveen Gardens
AD
Deman
Cruz
Branham
SRP
Selvia
Lewis
Siebert
HaldimanHallock Griffeth
Laveen Village
Weiler
Cromer
Mundall
Blake
Branham
Laveen Village Villas
La Hermosa Church
Watanabe
Estates at Sierra Vista
Laveen SD59
FWC
Hollandra Farms
Baseline Mtn Ranch
Phoenix
Dall
Embarcadero
Vintage III
35 Southern
S&L Property
Maria Rose
Corona Ranch
Fong
Linsenmeyer
Smith
Hill
Garcia
Chew
Acorn Beverly
Cantu
Highline Estates
Parker
Nab Nursery
NavajoCarangelo
Gallegos
S&F
SSCW
Pina
Dewitt
Bello
CasillasMartinez
Molodow
Diko
Silva
Wireless
Goodwin
Dos Palmas South
Bivens
Helander TorrezCarson
Drieseszun
Span
Applebee
Gangadean
Akamai
15th
19 Commons
Seiler35 Baseline
Uddin
Wehlen
EGR
Stine
Williams
New Destiny
Villa
Madera Estates
Siebert
Felix
Fuentes
Glass
Norton
Delonna
Garcia
Way of Life
LieboldHellman
Bennett
Southern Highlands
Clark
Genesis
Ruiz
Roper
48 Baseline
SW Note
Towner
Guevara
Stillman
Ramirez
Cordova
Ronstadt
Jackson
DaileyTristan
Dobbins 32
De Los Rios
Wynn
Pina
Patel
Black
9013
Rodriguez
South Mtn Lofts
SEC Central Dobbins
Larson
Gonzalez
Eye Dog Foundation
Rosell
Williams
NW Communications
Coronado
Brimet II
Rodriguez
Park Meadows 2
Comercio
Phoenix
Imagery ©2017 , DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency
TRISTANOS40 PARTIALLY DEVELOPED LOTS | 80' x 130'27th AVE & DOBBINS RDPHOENIX, ARIZONA
8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com
WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149
Don McCaul, Broker - Direct: (480) 675-5144
Meyers Index Rating
SITE REPORT
ARIZONA
545
2617 W Hazelwood St, Phoenix AZ 85041
2617 W Hazelwood St, Phoenix AZ 85041
1
33.3638N -112.1163W
Prepared by Ben Sanchez at Westland Properties Group
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Parcel Details
2
PARCEL CHARACTERISTICS
Land Use
RESIDENTIAL LOT
sq ft
Lot Size
15,406APN
30017743
Zoning
S-1 acres
Lot Size
0.35
LAST RECORDED CLOSING
Date
May. 21, 2010Sale Price Lot Price per sq ft
$33.75$520,000
OWNER INFORMATION
Name Address In Care OfLEXIN TAPESTRY HOMES LLC -654 MADISON AVE #2205, NEW YORK
NY, 10065
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Economy
3
Phoenix-Mesa-Scottsdale CBSA Metro Area
Maricopa County
JOB GROWTH year-over-year
Jul. 2017 Job Growth:
new jobs31,8002017 Job Forecast:
new jobs46,010
UNEMPLOYMENT RATE
Jul. 2017 Unemployment:
4.3%Unemployment 2017 Forecast:
4.4%
Banner Health
JOB GROWTH
Aug. 2017 Job Growth:
new jobs42,0162017 Job Forecast:
new jobsHoneywell International Inc 7,121
American Express 7,269
Wells Fargo 4,869
Bank of America 4,635
44,048
TOP EMPLOYERS
EMPLOYMENT BY SECTOR
# employees
OFFICE ABSORPTION
ANNUAL JOB GROWTH BY SECTOR
9,145
2015
172,920
57,640
-172,920
-57,640-115,280
-230,560
115,280
0
1999
2011
1995
2007
2018
F19
9120
03
2000
169,320
-169,320
56,440
-56,440
-225,760
112,880
-112,880
0
2012
1982
1994
2006
2018
F19
7619
88
TTU
7,240
-7,240
14,480
3,620
-3,620
10,860
0
NRMPBSOMIHGFEHCON
2000
4.0
8.0
12.0
2.0
6.0
10.0
0.0
2018
F19
9020
10
Construction (CON)5.4%
Education & Health (EH)15.0%
Government (G)11.1%
Information (I)1.8%
Finance (F)9.2%
Hospitality (H)11.1%
Manufacturing (M)6.1%
Other (O)3.2%
Natural Resource Mining (NRM)
0.1%
Professional & Business Services (PBS)
17.3%
Trade, Transport & Utilities (TTU)
19.6%
year-over-year
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Community
4
Zip Code 85041
Southwest Elementary School
POPULATION BY AGE
2017E Median Age:
POPULATION GROWTH
2017E Population Growth:
1.02%2022F Population Growth:
Phoenix Coding Academy -
Cesar Chavez High School 4/10
1.95%
SCHOOLS score
CRIME RATE per 1,000 people
Total Crime Rate:
37.59
3/10
2022F
80,240
30,090
60,180
40,120
70,210
20,060
50,150
2017E20102000
HOUSEHOLD GROWTH
2017E Household Growth:
7.90%2022F Household Growth:
1.89%
2022F
11,960
23,920
14,950
5,980
17,940
8,970
20,930
2017E20102000
HOUSEHOLD INCOME
2017E Median Household Incomes:
$42,603
2017E28,890
44,940
32,100
48,150
35,31038,52041,730
2000 2022F85
+
8,495.0
16,990.021,237.5
4,247.5
12,742.5
0.0
75 to
84
65 to
74
55 to
64
45 to
54
35 to
44
25 to
34
15 to
24
Under 15
Violent Crime Rate:
7.13Property Rate:
30.46 30.334.1
30
WALKABILITY
Walk Score: 38/
ETHNICITY
34.43
85041 Arizona
year
Others19.1%
Two Plus3.1%
American Indian1.6%
Pacific Islander0.1%
Asian2.2%
Black10.3%
White25.2%
Hispanic38.4%
2month
100
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Supply
5
Maricopa County
DAYS ON MARKET
Jul. 2017 Days on Market:
PERMITSJul. 2017 Total Residential Permits:
25,373
2004
28,830
57,660
14,415
43,245
72,075
01988 2000 2012 2017LTM1984 1996 20081980 1992
Aug, 201
460
908580757065
Aug, 201
5
Aug, 201
6
Aug, 201
3
Jul, 201
7
63days
Single-family Multifamily
last twelve months
NUMBER OF LISTINGS
Aug. 2017 # of Listings:
Sep, 201
4
28,725
17,235
5,745
22,980
11,490
0
Sep, 201
5
Sep, 201
6
Sep, 201
3
Aug, 201
7
17,906listings
City of Phoenix
PERMITSJul. 2017 Total Residential Permits:
6,136
2017LTM
15,950
9,570
3,190
12,760
6,380
02016201520142013201220112010200920082007200620052004
last twelve months
Single-family Multifamily
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Supply
6
Sold Out ProjectUpcoming ProjectActive ProjectNEARBY PROJECTS
PROJECTNO BUILDER UNIT SIZE TYPE
Silva Mountain Beazer Homes 1716-2822 Detached1 $220,400 - $263,9001111111111111111111111111111
Dobbins Place KDB Management 1464-1991 Detached2 $165,000 - $196,100222222222222222222222222222222222222222222222
Cottages at Silva Mountain Richmond American Homes 1650-2700 Detached3 N/A33333333333333333333333333333333333333333333333333
Estates at Sierra Vista VIP Homes 2407-3660 Detached4 $246,900 - $306,9004444444444444444444444444444444444444444444444444444
Dobbins Place CalAtlantic Homes 1682-2509 Detached5 $196,450 - $225,45055555555555555555555555555555555555555555555
PRICE RANGE
Laveen Landing Hillstone Homes 1507-2875 Detached6 $222,900 - $273,900666666666666666666666666666666666666666666
Enclave at Veneto K. Hovnanian Homes 1697-2886 Detached7 $182,990 - $294,931777777777777777777777777777777777777777777777
Courtyards at Madison Ranch Divinity Homes 1570-2320 Detached8 $207,999 - $232,999888888888888888888888888888888888888888888888888888
Embarcadero Bellago Homes 1677-2300 Detached9 $249,990 - $298,99099999999999999999999999999999999999999999999
Montana Vista Mandalay Homes N/A Detached10 N/A1010101010101011010101010101010100101000010101010101011001010100010101001011011000
Laveen Village Richmond American Homes 2734-2734 Detached11 $274,995 - $274,9951111111111111111111111111111111111111111111111111111111111111
Haciendas at Baseline Mounta… Courtland Communities 1678-2760 Detached12 $209,990 - $262,9901211212121212121222212121212222212122212121212212122212212122222222211
Barcelona Providence Homes 1655-2322 Detached13 $189,900 - $220,0001313131313131313131313133131313133311313131313131333331313131331333313331131313131333333
Barcelona Express Homes 1712-2535 Detached14 $207,490 - $252,490141414144141414141414141414141414141414141414144414414414444444414444444444414444414
Affinity at Montana Vista K. Hovnanian Homes 1605-2685 Detached15 $228,990 - $272,990151515151515151515155515151515151551515155515151551555515555551515151555
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Sales
7
Maricopa County
Total Home Closings
2008
231,875
185,500
139,125
92,750
46,375
02006 2017LTM20042002 20142000 20121998 2010
Tota
l Hom
e Sa
les
Jul. 2017 Total Home Closings:
107,924Jul. 2017 Total New Closings:
14,527Jul. 2017 Total Existing Closings:
93,397
City of Phoenix
Total Home Closings
2008
13,010
26,020
39,030
52,040
65,050
02006 2017LTM20042002 20142000 20121998 2010
Tota
l Hom
e Sa
les
Jul. 2017 Total Home Closings:
27,794 2,03625,758
85041 Zip Code
Total Home Closings last twelve months
2008
5,100
3,060
1,020
4,080
2,040
02006 2017LTM20042002 20142000 20121998 2010
Tota
l Hom
e Sa
les
Jul. 2017 Total Home Closings:
1,078 214864
Jul. 2017 Total New Closings:Jul. 2017 Total Existing Closings:
Jul. 2017 Total New Closings:Jul. 2017 Total Existing Closings:
last twelve months
last twelve months
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Prices
8
85041 Zip Code
CLOSINGS BY PRICE RANGE
280K
-1.3M
340
85
425
170255
0
240K
-280K
200K
-240K
160K
-200K
120K
-160K
80K-12
0K
40K-80
K0-4
0K
CLOSING HOME PRICE
2008
158,760
317,520
105,840
264,600
52,920
211,680
02006 2017LTM20042002 20142000 20121998 2010 20
09
60
40
100
20
80
0
2014
2004
2016
DETACHED AFFORDABILITY
City Of Phoenix
Jul. 2017 Median Detached New:
$324,601Jul. 2017 Median Detached Existing:
$216,233
2008
321,025
192,615
64,205
385,230
256,820
128,410
02006 2017LTM20042002 20142000 20121998 2010
Jul. 2017 Median SFD New:
$222,582Jul. 2017 Median SFD Existing:
$178,351New Existing
last twelve months
New Existing
CLOSING HOME PRICE
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Distress
9
City of Phoenix
HOUSING TRANSACTION VOLUME BY TYPE last twelve months
2017LTM
24,980
6,245
31,225
12,490
18,735
0201620152014
NOTICES OF DEFAULT & FORECLOSURES last twelve months
2008
44,975
35,980
26,985
17,990
8,995
02006 2017LTM20042002 20142000 20121998 2010
Jul. 2017 Notices of Default:
2,520Jul. 2017 Total Foreclosures:
1,147
85041 Zip Code
NOTICES OF DEFAULT & FORECLOSURES last twelve months
2008
1,110
2,220
555
1,665
2,775
02006 2017LTM20042002 20142000 20121998 2010
Jul. 2017 Notices of Default:
175Jul. 2017 Total Foreclosures:
66
New Existing NODForeclosure Sale Foreclosure
2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Appendix
10
ABOUT
DEFINITIONS AND METHODOLOGY
Meyers Research, a Kennedy Wilson Company, combines experienced real estate and technology advisors with leading data to provide our clients with a clear perspective and a strategic path forward. Based in Beverly Hills, we are home to 80 experts in 10 offices across the country.
Experienced real estate and technology advisors.
An international real estate investment and services firm with a success proven legacy.
www.kennedywilson.com
A comprehensive research platform withreal-time information all in one place.
www.meyersresearchllc.com [email protected]
(877) 966-3210
All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, CBRE- EA, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes.
Meyers IndexThe Meyers Index is a proprietary index that produces a score ranging from 0 to 1,000 for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area
and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability.
Walk ScoreWalk Score measures the walkability of a zip code from 0 - 100 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at https://www.walkscore.com/methodology.shtml.
Score ranges:0-49 - car dependent area50-69 - somewhat walkable90-100 - daily errands do not require a car.
DefinitionsCM - Current Month E - Estimated F - Forecast LTM - Last 12 Months