7323 E BELLEVIEW Street, Scottsdale, AZ 85257
$4,300,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,300,000
Last Modified:
2/05/2026
Overview
Description
Matera Villas Townhomes are eight town homes 2016 construction townhomes near old town Scottsdale. These are separately parceled condo mapped townhomes with no HOA. All all 3 bedroom 2.5 bathroom units with covered parking. Tile roofs , frame construction stucco units. Floor plans are four 1,317 sq feet units and four 1557 sq foot units. Current rents are below market $2,200 to $2,400. Market rents are $2,900-$3,500. Individual metered for electric and easy care landscaping. Close to ASU the 202 freeway and near the 101. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
Listing Details MLS# 6511097
Location, Tax & Legal
- Map Code/Grid
- P36
- House Number
- 7323
- Compass
- E
- Street Name
- BELLEVIEW
- St Suffix
- Street
- City/Town Code
- Scottsdale
- State/Province
- AZ
- Zip Code
- 85257
- County Code
- Maricopa
- Subdivision
- MATERA VILLAS CONDOMINIUM
- Assessor Number
- 131-38-261
- Tax Year
- 2022
- Building Number
- 1 & 2
- Assessor's Map #
- 38
- Legal Description (Abbrev)
- MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS
- Assessor's Parcel #
- 261
- Add'l Parcels
- Yes
- Tax Municipality
- Scottsdale
- Census Tract
- 218200
- Taxes
- 15692
- Legal
- MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS
- Marketing Name
- Eight on Belleview
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 13089
- Year Built
- 2016
- Total # of Units
- 8
- # of Buildings
- 2
- Zoning
- [R-5] Multiple-
- Elementary School District
- Scottsdale Unified District
- High School District
- Scottsdale Unified District
- Elementary School
- Other
- Jr. High School
- Other
- High School
- Other
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- McDowell and Scottsdale RD
- Directions
- McDowell and Scottsdale RD Directions: East to 74th st turn South to 1st St behind SkySong, Belleview, Turn right(West) to Property on the right.
Status Change Info
- Off Market Date
- 2023-04-10
- Under Contract Date
- 2023-03-29
- Close of Escrow Date
- 2023-04-10
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 2
- Lot Number
- 1001-08
More Information
Income Expenses
- Gross Annual Sch Inc
- 288000
- Net Operating Income
- 236268
3 Bedrooms Units
- # 3 Bedroom Units
- 8
- Avg Rent
- 3000
- Avg SqFt
- 1437
- # Baths
- 2
Sold Info
- Loan Type
- Carryback
- Loan Years
- 5
- Payment Type
- Interest Only
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
- 5 - 12 Units
- Yes
Other Type
- Packaged Offering
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Tile
- Yes
Floors
- Carpet
- Yes
- Other
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1200
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 4000
- Annual Mgmt Exp
- 13000
- Annual Trash Exp
- 1200
- Annual Wtr/Swr Exp
- 5000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 43092
- Other Income
- 0
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 279360
- Total Monthly Rental Income
- 24000
Pmt & Rate Info
- Cap Rate
- 5.56
- Down Payment
- 0
- Equity
- 4250000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Text
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Fire Sprinklers
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex; 5 - 12 Units
Other Type:
Packaged Offering
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Tile
Floors:
Carpet; Other
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Desert Landscaping; Sidewalk(s); Patio/Balcony
Interior Features:
Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling:
Ceiling Fan(s); Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
Carport; >1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Showing Notification Methods:
Text
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; Owner May Carry
Environmental:
None
Listing Office:
Grace CRE
Last Updated: February - 05 - 2026
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