Tag Archives: Fountain Hills Homes

Arizona Fairway Sunrises in SunRidge Canyon Golf Club of Fountain Hills

Stunning 3 Bedroom Fairway Home at 15569 E. Cactus Drive, Fountain Hills, AZ 85268 Now Available for $465,000

Enjoy Sunny Mornings on the Fairway at 15549 Cactus Drive, Fountain Hills in SunRidge Canyon

Enjoy your Arizona mornings in this beautiful luxury home on SunRidge Canyon Golf Course in Fountain Hills, built by Geoffrey H. Edmunds Homes.    An elegant home of 2524 sq. ft., with 2 bedrooms plus a den/office/3rd bedroom option, the floor plan of this casual Southwestern, built in 1999, is spacious and open with typical Edmunds volume, drama and oversized windows for lots of light.

A well-appointed kitchen features a granite island with seating, updated appliances, lots of warm cabinetry, a sunny breakfast nook and great room convenience.  There is enough room in the living areas to accommodate a large TV grouping around an entertainment center with its gas fireplace, formal dining and even a full-sized pool table or additional seating area.  There is also a beautifully decorated powder bath for additional convenience.

There are two full master suites for gracious entertaining of guests and family.  The main master suite offers a large walk-in closet with well-planned closeting;  a large walk-in shower plus and garden tub.  Decorating throughout the home is perfectly executed with warm Southwestern copper tones, beautiful stonework and accents, Saltillo tiled floors, custom lighting and high quality window coverings.

In the back yard, a pebble finish pool with water heater is gas heated and has therapy jets at the bench;  the landscape was updated with new irrigation system in 2011, and the pool equipment is nearly all new.  There is a security system and new soft water system as well.

SunRidge Canyon Golf Club is public, and its 6,823-yard, par-71, Keith Foster-designed golf course unfolds around the rugged ridges and lush canyons unique to the McDowell Mountains that divide Fountain Hills from Scottsdale, Arizona.  The 18,000-square-foot SunRidge Canyon Golf Club’s clubhouse is the ideal place to begin and end your adventures. The Spanish hacienda-style clubhouse provides an awe-inspiring setting for post-golf beverages as well as weddings, receptions, awards banquets or any other type of special event. There is also a full-service golf shop, men’s and women’s locker facilities, and a conference room.

There are 789 homes scattered among 850 acres in SunRidge Canyon, located along the meandering fairways and often elevated nicely above the course to facilitate panoramic views. Homes in the community were developed between 1996 and 2005, and range from extravagant custom homes to small luxury villas—a perfect selection for empty nesters, retirees or families looking for a friendly neighborhood environment. Prices in the community range from the high $200’s to over $1 million. There are two gated communities among the 15 individual neighborhoods. The McDowell Sonoran Preserve winds in and around the western portions of SunRidge Canyon, with the pristine McDowell Mountains providing a stunning backdrop for many of the homes.

Fountain Hills tops the list for the fantastic lifestyle it offers to empty nesters, retirees and families alike.  Located minutes from Scottsdale on the western slope of the McDowell Mountains, the community is surrounded by long-range mountain views, natural desert arroyos and a village atmosphere featuring the World Famous Fountain.  One of the most celebrated communities in Maricopa County, the “world-class community with the hometown charm” is highly acclaimed by many prestigious organizations, including:

  • “Arizona’s Most Affordable Suburb” by Business Week Magazine: February, 2009
  • Fourth Most Affordable U.S. Suburb” by Business Week Magazine: February, 2009
  • “Top 100 Best Places to Retire” US News and World Report, 2008
  • “One of US Top Places to Retire” CNN/Money Magazine, 2005 and 2008
  • Named in the book “50 Fabulous Places to Raise a Family”: 2006 by Kathleen Shaputis
  • “#1 Place to Live in the Valley” by Phoenix Magazine: May, 2006
  • “Top 10 Best Places in US to Raise a Family” Parenting Magazine, 1997

The home at 15549 E. Cactus Drive, is now available for $465,000.  To see a virtual tour of the home go tohttp://www.tourfactory.com/872227.  To learn more about the home or about Fountain Hills “The World Class Community With Hometown Charm”, contact Dori Wittrig, President of Sonoran Lifestyle Real Estate at 602-558-5901, or check out the company’s website at www.SonoranLifestyle.com.  There, you’ll find a Relocation Guide for Fountain Hills and Scottsdale, along with suggestions for 150 historical, cultural, sports, outdoor and dining venues to enjoy the area’s lifestyle, complete with live links or simply go to www.150Ways.com.

Seller Carryback Financing-A Great Way To Go!

Fountain Hills, AZ--Like Being on Vacation Every Day!

In Fountain Hills today, of the 414 homes and condos available for sale, 22 of them offer “Seller Carryback Financing.”  Wow!  What an opportunity for 22 buyers who may not qualify for traditional lending in today’s markets.

When the financial markets get a little scary–like they have been the last few years–investors look for other ways to use their cash reserves for income purposes.  For many, holding a real estate note can provide a stable stream of income backed up by the most stable of long-term assets:  real estate!

There are some great Seller Carryback Financing opportunities currently in the market.   In order to take advantage of this opportunity, you’ll need to have a substantial down payment (minimum of 20% and likely more)…the interest rate might be just a little higher than normal market rate, but you also don’t have to pay financing points and other upfront charges a traditional lender would charge.  Make sure that your agent knows the ins and outs of the proper paperwork and I HIGHLY RECOMMEND that you have the carryback servicing handled by a title company…they perform a great service for buyers and sellers by keeping track of payments made, interest paid and 1099 reporting, but they charge very little for the service.  Usually, I suggest my clients split the upfront fees and monthly fees equally between buyer and seller.  Expect that the Seller will want a credit report from you…they want to know they’re doing business with a reputable party.

One caveat…make sure you fully understand that there will likely be a balloon payment…5 years, 7 years…something like that.  Make sure you are absolutely confident that you can pay off the note or refinance at that time, or else you risk foreclosure.

In Arizona, the mechanism used for Seller Carryback Financing is known as a “Note and Deed of Trust.”  Both the Buyer and the Seller should make sure they are educated about what happens in the event the note is not paid off in a timely manner and the Seller-Note Holder is forced to foreclose to gain their asset back.

Good luck!  We recently were able to find a wonderful home for clients with an incredible long-term carryback and very favorable terms.  The Buyers were able to come up with 25% down payment and purchase the home of their dreams–instead of renting.

For more information on these opportunities, call us!  We have many years experience and we work with great vendors for escrow, file management and home inspection!

Fountain Hills Real Estate and Lifestyle, The Sonoran Lifestyle
Dori Wittrig, President, Sonoran Lifestyle Real Estate

Posted by Dori Wittrig, Designated Broker, Sonoran Lifestyle Real Estate. For more information about the neighborhoods, homes, condos or land of  Scottsdale or Fountain Hills, contact her at DoriW@SonoranLifestyle.com
or by phone at 602-558-5901