2-Bedroom Residential Income
For Sale
$449,000
7021 E EARLL Drive 202, Scottsdale, AZ 85251
Gated condo community with a pool, spa, balcony, and attached one-car garage.
Property Size1,147 SF
Days on Market62
Property Features for 7021 E EARLL Drive 202
General Information
Standard status
Active
Size
1,147 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$1,161
Amenities
pool
spa
gated community
Building Details
Building Size
1,147 SF
Year Built
1997
Listing Agency:
HomeSmart
Listed By:
Laurie J Burleson
(480) 682-7253
Source:
Alexiabertsatos
Added: Sep 3
Changed: Oct 31
Last Checked: Nov 1 at 3:52PM
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 HomeSmart
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor condominium in the gated Pueblo Verde community offers two bedrooms and two bathrooms within a bright, open interior. High ceilings, neutral finishes, wood-look flooring, and abundant natural light define the living areas. The living and dining rooms connect to a kitchen equipped with stainless steel appliances, granite countertops, white cabinetry, a walk-in pantry, pass-through breakfast bar, and a gas fireplace. French doors open from the living area and main bedroom to a private balcony overlooking the community pool. The main bedroom includes built-ins and an ensuite bathroom with dual sinks. A one-car garage is included.
The property is located at 7021 E EARLL Drive in Scottsdale, near Old Town and its everyday amenities and entertainment options. Pueblo Verde includes a community pool and spa. The condominium was built in 1997.
The property is located at 7021 E EARLL Drive in Scottsdale, near Old Town and its everyday amenities and entertainment options. Pueblo Verde includes a community pool and spa. The condominium was built in 1997.
Key Highlights
- Two‑bedroom, two‑bath condominium in gated Pueblo Verde
- Built in 1997 at 7021 E EARLL Drive, Scottsdale, AZ 85251
- Kitchen includes stainless steel appliances, granite counters, pantry, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,272
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,440
$265.4K
Cap Rate 7%
$189,600
$189.6K
Cap Rate 9%
$147,467
$147.5K
Market Conditions
NOI Build-Up for 1,147 SF
Gross rent
$25.2K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.1K $21.04/SF
− OpEx
−$10.9K −$9.47/SF
NOI
$13.3K $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%
$265,440
Cap Rate 7%
$189,600
Cap Rate 9%
$147,467
Alternative Uses
Best Use
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,272 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$376.5K
$329.5K – $439.3K
NOI $26,357 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Gated condo community with a pool, spa, balcony, and attached one-car garage.
Where is this residential income property located?
The property is located at 7021 E EARLL Drive 202 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in gated Pueblo Verde; Built in 1997 at 7021 E EARLL Drive, Scottsdale, AZ 85251; Kitchen includes stainless steel appliances, granite counters, pantry, and breakfast bar
