One-Bedroom Residential Income
For Sale
$307,000
Pending
20100 N 78TH Place 2009, Scottsdale, AZ 85255
Upper-level condo with a flexible loft, office nook, mountain views, and access to community amenities.
Property Size1,121 SF
Days on Market21
Property Features for 20100 N 78TH Place 2009
General Information
Standard status
Pending
Size
1,121 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,465
Amenities
pools
spas
fitness center
clubhouse
Building Details
Building Size
1,121 SF
Year Built
2001
Listing Agency:
eXp Realty
Listed By:
Odessa Marie Keilman · License #SA668165000
(602) 909-7710
Source:
Luxuryhomesdesertmountain
Added: Sep 17
Changed: Oct 2
Last Checked: Oct 7 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This 1,121-square-foot condominium in The Edge at Grayhawk was built in 2001 and offers a spacious one-bedroom layout with an additional half bath. Interior features include a loft and a dedicated office nook, while the upper-level position provides no residence above. An east-facing covered patio overlooks the McDowell Mountains and receives morning light.
Residents have access to community pools, spas, a fitness center, and clubhouse facilities. The property is located in North Scottsdale near shopping, dining, and trails, with an address at 20100 N 78TH Place in Scottsdale, Arizona.
Residents have access to community pools, spas, a fitness center, and clubhouse facilities. The property is located in North Scottsdale near shopping, dining, and trails, with an address at 20100 N 78TH Place in Scottsdale, Arizona.
Key Highlights
- 1,121‑square‑foot condominium built in 2001
- Spacious one‑bedroom floor plan with an additional half bath
- Loft and office nook add flexible interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,971
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,420
$259.4K
Cap Rate 7%
$185,300
$185.3K
Cap Rate 9%
$144,122
$144.1K
Market Conditions
NOI Build-Up for 1,121 SF
Gross rent
$24.6K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.6K $21.04/SF
− OpEx
−$10.6K −$9.47/SF
NOI
$13.0K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,420
Cap Rate 7%
$185,300
Cap Rate 9%
$144,122
Alternative Uses
Best Use
Apartment 5plus
$185.3K
$162.1K – $216.2K
NOI $12,971 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$368.0K
$322.0K – $429.3K
NOI $25,760 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condo with a flexible loft, office nook, mountain views, and access to community amenities.
Where is this residential income property located?
The property is located at 20100 N 78TH Place 2009 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: 1,121‑square‑foot condominium built in 2001; Spacious one‑bedroom floor plan with an additional half bath; Loft and office nook add flexible interior space
