Twice today I’ve received e-mails from Canadians looking at a 4-bedroom, 4.5-bath, 5,000-plus square foot home sitting on five-plus acres in Paradise Valley listed at $100,000.
Oh, I’m sorry. Did I mention that’s a rental rate? For one week? Specifically for Super Bowl week, January 29 through February 4?
Both prospective clients asked about financing, whether there were mortgages on the property, what interest rates would be like, etc. None of this really applies because your $100,000 only gets you use of the property for seven days in January and February.
Over the next day or so I’m hoping to have a more clear picture of what these folks are trying to find – a home to purchase, or a Super Bowl-week rental.
In the interim, I offer this extremely brief primer on Paradise Valley:
The Town of Paradise Valley is home to some of the most expensive real estate in the Phoenix metropolitan area. The least expensive home on the market in Paradise Valley is listed at $350,000 for 1,300-plus square feet. From there we quickly go to a half-million and above.
Some townhouses in Paradise Valley are less expensive but nothing approaches the $100,000 mark. Not in a town know for two things – the most effective photo radar in the Valley and closing its borders (literally) when heavy rains hit.
If you happen to be looking for a Super Bowl rental, incidentally, there are many available short of the $100,000 mark. Maybe not 5-acre estates but there are properties available.
Same goes for real estate to purchase while exchange rates are purchase. There’s little at the $100,000 price point but homes can be found in the mid-$100s with ease.
Oh, and as for the estate, it’s off the market as of yesterday rendering moot a lot of the questions I’m seeing come up.
[tags]Phoenix real estate, Super Bowl rentals[/tags]